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INDUSTRIAL HEMP

Analyst View On Potnetwork Holdings, Inc. (OTCMKTS:POTN)

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Diamond Hemp and Potnetwork Holdings, Inc. (OTCMKTS:POTN) have been highlighted in a new comprehensive research report estimating a newly updated stock price target of $1.25. The SeeThruEquity research report specified that they are increasing their price target for POTN after the company reported strong monthly sales data.

The buzz

As per the SeeThruEquity report, the third quarter filing suggest continued profitability as the firm invests in growth. Potnetwork performance have comprised strong top line growth, with revenue tracking above their initial estimates and firm projection. The firm reported preliminary 2017 sales projections of $14.5 million, which were at par with their recently raised projections for 2017, and seems well-positioned to exceed or meet their 2018E projection, assuming continued notable sales momentum in a fundamental growth market.

Dr. Richard Goulding, the CEO of Potnetwork Holdings, expressed that it is extremely rewarding to experience this type of success and growth, and all the more delighting to witness an acknowledgement of their collective initiatives in the marketplace.

The report showcased the following pertinent elements: Hemp derived Hemp offers a legal option to marijuana based Cannabidiol, which is prohibited at federal level, and allows the customer to enjoy Cannabidiol without the risk of breaking any federal regulations and getting high. Hemp derived Cannabidiol industry is estimated to grow at a CAGR of around 53% till 2020, placing it as the fastest rising sub division within the multi-billion-dollar approved hemp and cannabis market.

Diamond Hemp sustains to post strong top line growth, as suggested by recent Q3 2017 results and sustained momentum through November. They consider Potnetwork Holdings as a speculative growth firm focused on the growing legal hemp and cannabis market targeting the rapidly growing sub segment. Upcoming catalysts, aggressive marketing initiatives, entry into new markets and new product launches as well as measures to up list stock to a national market.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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