FT. LAUDERDALE, Fla.–(BUSINESS WIRE)–PotNetwork Holdings, Inc. announced today that it has filed a Form 10
Registration Statement with the U.S. Securities and Exchange Commission
(SEC) to register its common stock under the Securities Exchange Act of
1934. The filing includes audited financial statements for the years
ended December 31, 2018 and December 2017. The audit of the financial
statements was completed by Yusufali & Associates, a PCAOB member firm.
The Company’s voluntary filing of the Form 10 will make it subject to
the periodic reporting requirements of the Securities Exchange Act of
1934, which requires the filing of annual, quarterly and current report
filings. Additionally, the filing will enable the Company’s management
to move forward with its application to OTC Markets in order to uplist
to the OTCQB market tier.
“By filing Form 10, we are following through on our announcement and
signaling to investors that we plan to focus on our efforts to become
more transparent in our day-to-day operations and reporting,” said Kevin
Hagen, CEO of PotNetwork Holdings, Inc. “We believe our company’s
results speak for themselves and, by becoming an SEC reporting company,
we demonstrate our continued commitment to transparency and
This announcement follows the Company’s comprehensive update
issued on May 2nd and forms an integral part of its ongoing effort
to improve investor transparency and communication. POTN has further
announced that it will be releasing a quarterly update summing up the
its operational progress and achievements.
About PotNetwork Holdings, Inc.: PotNetwork
Holdings, Inc. (POTN)
is a publicly traded company that acts as a holding company for its
principal subsidiaries, First Capital Venture Co., the owner of Diamond
CBD, Inc., the maker of Diamond CBD products, and PotNetwork Media
Group, Inc., the publisher of PotNetwork News and PotNetwork Magazine.
For more information, please visit, www.potnetworkholding.com.
Safe Harbor: Forward-Looking Statements are included within the
meaning of Section 27A of the Securities Act of 1933, and Section 21E of
the Securities Exchange Act of 1934, as amended. All statements
regarding our expected future financial position, results of operations,
cash flows, financing plans, business strategy, products and services,
competitive positions, growth opportunities, plans and objectives of
management for future operations, including words such as “anticipate,”
“if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,”
“should,” “will,” and similar expressions are forward-looking statements
and involve risks, uncertainties and contingencies, many of which are
beyond our control, which may cause actual results, performance, or
achievements to differ materially from anticipated results, performance,
or achievements. We are under no obligation to (and expressly disclaim
any such obligation to) update or alter forward-looking statements,
whether as a result of new information, future events or otherwise.
PotNetwork Holdings, Inc.
1-800-915-3060 [email protected]