By Jim Bloom Posted on January 29, 2018
It has barely been a month since our last review of PotNetwork Holdings Inc (OTCMKTS:POTN) which goes to show how well the company has been performing.
The company exhibited stellar financial performance over the past year, and the reflection of this has been in their share price. To exemplify this; during our last review – accessible here – the company was trading just above $.1. Currently, their share price has surged to $.85 thus giving their shareholders over 750% gains over this period.
The chart below shows the above price action in detail:
With this in mind, we decided to assess how the company which we defined as having a ‘…record-breaking year’ during our most recent review has been doing since and how it is expected to do going forward.
History of POTN
PotNetwork Holdings Inc was founded back in 2004 as SND Auto Group Inc. however, this name was later changed to PotNetwork Holdings Inc in March 2017 and their headquarters moved to Fort Lauderdale, Florida.
The company operates as a holding company with about seven subsidiaries mostly primarily within the cannabis segment but also within other sectors.
Its subsidiary Diamond CBD, Inc is focused on research and development as well as marketing of hemp extracts. These extracts mainly contain natural hemp and a wide range of cannabinoids, all which go to serve the purpose of POTN within the cannabis field. Sunrise Auto Mall Inc, on the other hand, focuses on the auto dealership segment as shown by their engagement with the pre-owned auto dealership business segment. The above diversification ensures that the company maintains a position within their initial auto business while venturing