PotNetwork Holding, Inc. Concludes Corporate Strategic Redirection, Centering Focus on Diamond CBD and the Budding CBD Industry

FORT LAUDERDALE, Florida, March 21, 2017 /PRNewswire/ --

Recent Acquisition Poises Company to Capture Strengthened Position in the Growth Emerging Market's Most Flourishing and Popular Cannabis Sector 

PotNetwork Holding, Inc. (OTC:POTN) is pleased to announce, based upon the recent acquisition of Diamond CBD Inc., an organization focused on the advanced research and development of the industry's finest premium hemp extracts and making them globally available, that the company has undertaken and successfully reversed a number of previously established actions, shifting the corporate focus back to the capitalization on the ever-increasing cannabis industry.

PotNetwork Holding, Inc. was recently presented with an advantageous opportunity to acquire a solid, rising, and profitable cannabis industry innovator. The company's notable research team consists of hemp industry pioneers and natural product experts, chemists, and scientists, who are wholly dedicated to producing the finest and purest Cannabidiol (CBD) oil. Through the formulation of advanced top-quality hemp derived CBD extracts that contain a broad profile of cannabinoids and other natural hemp derived molecules, the company has developed a robust selection of Industrial Hemp-derived Diamond CBD oils considered among the most powerful natural CBD E-Liquids on the market.

According to Forbes, The Hemp Business Journal estimated that the CBD market will grow to a $2.1 billion market in consumer sales by 2020 with $450 million of those sales coming from hemp-based sources. That's a 700% increase from 2016. In 2015, the market for consumer sales of hemp-derived CBD products was $90 million, plus another $112 million in marijuana-derived CBD products which were sold through dispensaries - bringing a total CBD market to $202 million last year.

The company, therefore, now representing a strong subsidiary in the cannabis market, will maintain its original corresponding name and ticker designation, which since the addition of Diamond CBD, accurately corresponds to the nature of the company's business model.

About Diamond CBD:

Diamond CBD Inc. is an organization focused on the advanced research and development of the industry's finest premium hemp extracts and making them available to the global marketplace. The company's notable team, consisting of hemp industry pioneers and natural product experts, chemists, and scientists, is dedicated to producing the finest and purest Cannabidiol (CBD) oil. The company formulates advanced product quality to market through the team's creation of diverse and top-quality hemp extracts that contain a broad profile of cannabinoids and other natural hemp derived molecules, resulting in a robust selection of Industrial Hemp-derived Diamond CBD oils considered among the most powerful natural CBD E-Liquids on the market. For more information, please visit the website at http://www.DiamondCBD.com.

About PotNetwork Holding, Inc.:

PotNetwork Holding, Inc. (OTC Pink: POTN) is a publicly traded company with two wholly owned subsidiaries, Sunrise Auto Mall Inc. and First Capital Venture Co. and its wholly owned subsidiary Diamond CBD. First Capital Venture Co. through its wholly owned subsidiary, Diamond CBD, is a progressive organization focused on the advanced research and development of the industry's finest premium hemp extracts and making them available to the global marketplace. The company's notable team, consisting of hemp industry pioneers and natural product experts, chemists, and scientists, is dedicated to producing the finest and purest CBD oil. For more information, please visit the website at http://www.DiamondCBD.com.

Safe Harbor Act: Forward-looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:
PotNetwork Holding, Inc.
Investor Relations
Email: [email protected]
+1-800-433-0127

SOURCE PotNetwork Holding, Inc.