NetworkNewsBreaks – PotNetwork Holding, Inc. (PO
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Posted On: 02/12/2018 6:12:50 PM
NetworkNewsBreaks – PotNetwork Holding, Inc. (POTN) Releases Unaudited Financial Statements for FY2017
PotNetwork Holding, Inc. (OTC: POTN) this morning announced the release of its unaudited financial statements for fiscal year 2017. Owing to the rapid growth of its wholly-owned Diamond CBD, Inc. subsidiary, PotNetwork achieved revenues of $14.5 million in calendar 2017. Per the update, this trend of strong sales has continued into 2018, and the company intends to report its January sales figures by mid-February. PotNetwork also provided an update regarding its ongoing PCAOB audit in this morning’s news release. Due to factors beyond the company’s control, the audit has taken longer than originally projected. In an effort to combat these delays, PotNetwork has engaged Paritz & Company, PA of Hackensack, New Jersey, to assist PCAOB auditor East West Accounting Services in bringing the audit to a rapid conclusion. In anticipation of the completion of the audit, PotNetwork is preparing a Regulation A filing, which is expected to enable it to uplist to the OTCQB Venture Market as part of its long-term goal of achieving a Nasdaq Capital Market listing.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
PotNetwork Holding, Inc. (OTC: POTN) this morning announced the release of its unaudited financial statements for fiscal year 2017. Owing to the rapid growth of its wholly-owned Diamond CBD, Inc. subsidiary, PotNetwork achieved revenues of $14.5 million in calendar 2017. Per the update, this trend of strong sales has continued into 2018, and the company intends to report its January sales figures by mid-February. PotNetwork also provided an update regarding its ongoing PCAOB audit in this morning’s news release. Due to factors beyond the company’s control, the audit has taken longer than originally projected. In an effort to combat these delays, PotNetwork has engaged Paritz & Company, PA of Hackensack, New Jersey, to assist PCAOB auditor East West Accounting Services in bringing the audit to a rapid conclusion. In anticipation of the completion of the audit, PotNetwork is preparing a Regulation A filing, which is expected to enable it to uplist to the OTCQB Venture Market as part of its long-term goal of achieving a Nasdaq Capital Market listing.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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