- SeeThruEquity initiates coverage of PotNetwork Holding, Inc., sees CAGR in hemp-derived CBD market of 53% through 2020
- Diamond CBD sales achieved at BIG Industry Trade Show, Market Week Event and CHAMPS
- SeeThruEquity estimates company will do $8.3 million in revenue in FY2017, a 712% year-over-year jump
PotNetwork Holding, Inc.’s (OTC: POTN) subsidiary, Diamond CBD Sales, achieved greater than $200,000 in sales at the Big Industry Trade Show in New York on August 10-11 (http://dtn.fm/c4AOh). The show is a leading business-to-business trade show for the vape and smoke industry. In total, at three convention and trade shows within the past month, the subsidiary rang up more than $820,000 in revenues, per updates from PotNetwork Holding.
PotNetwork Holding holds First Capital Venture Corp., which owns Diamond CBD, Inc., a major player in the cannabidiol (CBD) industry marketing brands nationally, in all 50 states, as well as internationally, including CBD Gummies, Chill Gummies, CBD Liquid Gold, Blue CBD and many others.
SeeThruEquity has initiated coverage of PotNetwork Holding, setting a target price of $0.25 per share (http://dtn.fm/YX4tU). The report sees the company as a high-risk, high-reward stock in the growing legal cannabis and hemp industry. The target price assumes the market will expand and the company will be successful in its aggressive marketing campaigns. It sees the hemp-derived CBD market as growing at a compound annual growth rate (CAGR) of 53% through 2020.
In addition to the $200,000 at the BIG Industry Trade Show, Diamond CBD also generated sales of more than $320,000 at the Market Week Event, held in Las Vegas. Late in July, the firm also recorded revenues of some $300,000 at the CHAMPS trade show in Las Vegas, PotNetwork Holding said.
Exhibitors at the BIG Industry Trade Show include manufacturers, distributors, store owners and wholesalers in the counter-culture vape and smoke industry. Diamond CBD’s team includes pioneers of the hemp industry, as well as scientists, chemists, and other experts.
For more information, visit the company’s website at www.PotNetworkHolding.com
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