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PotNetwork Holding, Inc. to Forego Corporate Name and Symbol Change in Light of Recent Acquisition of First Capital and Diamond CBD

February 28, 2017

PotNetwork Holding, Inc. is pleased to announce that, based upon a positive change in strategy and corporate direction, the Company will keep its current name and symbol designation, which suitably corresponds to the nature of the Company's business model, as Diamond CBD continues to strengthen its position as an industry leader in the growth emerging market's most thriving and popular sector.

Since then, the Company was presented with an advantageous opportunity to acquire a solid, rising, and profitable cannabis industry innovator. PotNetwork Holding, therefore, now representing a strong subsidiary in the cannabis market, will maintain its original corresponding designation. "Through many challenges and obstacles, we believe that we have struck an excellent means to move forward in our original market, bringing a truly enhanced value to the Company and our shareholders. We are very pleased with recent events and the new trajectory we have developed," stated Gary Blum, Chief Executive Officer, PotNetwork Holding, Inc.

The Company had announced on August 1st of the past year, that upon FINRA approval, the Company would officially change its name to SND AUTO GROUP INC. In conjunction with the corporate name change, the Company had also announced its plan for a new symbol designation.

The prior rebranding initiative was based on the Company's drive to build upon its previous plan to shift the corporate focus toward the subprime lending industry, whereas the Company's singular subsidiary was in that market.

 

About Diamond CBD

Diamond CBD Inc focuses on the research, development, and multi-national marketing of premium hemp extracts that contain a broad range of cannabinoids and natural hemp derivatives. Diamond CBD's team consists of hemp industry pioneers and natural product experts, chemists and scientists, dedicated to producing the finest and purest cannabidiol (CBD) oils. The result is a robust selection considered among the most powerful natural CBD oils and E-Liquids found anywhere. For more information, please visit its website at www.DiamondCBD.com.

 

About PotNetwork Holding, Inc.

PotNetwork Holding, Inc. (OTC PINK: POTN) is a publicly traded company that acts as a holding company for its subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD oils, and Sunrise Auto Mall, Inc.

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