PotNetwork Holdings, Inc.
POTN
Other OTC0.00
USD
- -
- -
CIK
0001746563
ISIN
US7376362098
CUSIP
737636209
Return %
Stock
S&P500
1Y
-50.00
26.53
3Y
-99.17
76.60
5Y
-99.97
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Neal Shapiro
- Full Time Employees
- 13
- Sector
- Healthcare
- Industry
- Drug Manufacturers - Specialty & Generic
- Address
- 3531 Griffin Road Fort Lauderdale FL United States of America 33312
- IPO Date
- May 18, 2016
- CIK
- 0001746563
- Website
- potnetworkholding.com
- Similar Companies
- Business
- PotNetwork Holdings, Inc. operates primarily as a holding company focused on the cannabis industry and related verticals, with its main business conducted through its wholly-owned subsidiary, First Capital Venture Co., which operates under the brand name Diamond CBD. The company specializes in the development, manufacturing, and sales of hemp-derived cannabidiol (CBD) oil products containing full spectrum CBD, broad spectrum CBD, or CBD isolate. Its product portfolio includes flavored and unflavored oils; vaping pens and additives; edibles such as chewable gummies and lollipops; capsules; beverage energy and relaxation shots; topical application creams in various concentrations; dog and cat wellness products across different dosages and delivery formats; skincare, bath, and body products; and hemp flowers. The company distributes its products under various brand names, including Diamond CBD, Chill, Relax, MediPets, and Meds BioTech, selling through distributors, resellers, and direct online channels such as its website www.diamondcbd.com. Founded in 1996 and headquartered in Fort Lauderdale, Florida, PotNetwork Holdings, Inc. has undergone significant strategic changes recently. In 2022, the company announced a name change to Diamond Wellness Holdings, Inc. to reflect its concentrated focus on its core revenue-generating subsidiary, Diamond CBD. This strategic shift included the discontinuation of its PotNetwork.com news platform and the subsidiary PotNetwork Group, aligning all efforts toward expanding and growing the Diamond CBD brand. The company expanded its board of directors by adding three external members and establishing its inaugural audit committee to strengthen governance. Diamond CBD continues to launch new initiatives, including a program to broaden mainstream consumer awareness and product distribution, particularly expanding its presence in U.S. shopping malls. PotNetwork Holdings operates predominantly within the U.S. market, targeting segments receptive to CBD products such as vape shops, smoke shops, and countercultural retail outlets, while also focusing on direct consumer sales through digital and wholesale channels. Its business segments span manufacturing, retail, and distribution of hemp-derived wellness products, serving both human and pet markets. The company's subsidiaries include First Capital Venture Co. and CBD, LLC, with historic operations also extending to digital media related to marijuana through PotNetwork.com. The company’s focus remains on delivering premium, high-purity CBD offerings leveraging industry expertise in hemp chemistry and product innovation. This positioning reflects PotNetwork Holdings' broader cannabis industry involvement while maintaining its primary emphasis on hemp-derived CBD wellness and lifestyle products distributed throughout the United States. The company leverages multi-brand strategies to cater to diverse consumer needs in wellness, pet care, and topical applications, positioning itself as a key player in the expanding U.S. hemp and CBD market.
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