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Diamond CBD has launched a new line of THC products including Delta 8, Delta 10, HHC, and THC-O vaping cartridges. These products offer a variety of flavors and terpene profiles, catering to diverse consumer preferences. The company emphasizes safety with premium distillate carts that contain no additives or carcinogens. Noted strains include Pineapple Express, Wedding Cake, and Blue Dream. Diamond CBD aims to provide tailored cannabinoid experiences through its innovative formulations, enhancing its product portfolio.
PotNetwork Holdings, Inc. (OTC Pink: POTN) has initiated legal proceedings against T1 Payments, LLC, following a complaint filed by its subsidiary, Diamond CBD Ltd., in Las Vegas. The lawsuit alleges multiple violations of law, including fraud and breach of contract, over $649,311.73 in reserve funds wrongfully retained by T1 Payments. Despite a demand for the return of these funds prior to the lawsuit, T1 Payments has admitted to holding the funds but has not remitted them. The case aims for expedited resolution through a business court designation.
PotNetwork Holdings, Inc. (OTC Pink: POTN) has successfully launched an outreach program in collaboration with A Better You Wellness Center in South Florida. This initiative aims to educate patients about the benefits of Diamond CBD products while addressing opioid addiction and promoting wellness. The program introduces Diamond CBD to various halfway houses, fostering healthier alternatives for residents. CEO Lee Lefkowitz expressed pride in contributing to community wellness efforts, highlighting the company's commitment to providing effective hemp-derived products.
PotNetwork Holdings, Inc. (OTC PINK:POTN) announced an exclusive distribution agreement with First Capital Venture Co. for For Champs By Champs, Inc., led by former NFL star Sam Madison. This partnership aims to launch athlete-approved hemp-derived topical products, featuring up to 3,000 milligrams of cannabinoids. Madison emphasizes the relief provided by these products, while CEO Lee Lefkowitz expresses excitement over endorsing them. The initiative aligns with Black History Month, highlighting Champs as a minority-owned enterprise, dedicated to offering high-quality, reliable products.
Nation Lawyers Chartered secured a Florida court-ordered default judgment against Thunder Energies Corporation and related entities, representing PotNetwork Holdings (POTN). This legal action stems from allegations of misappropriation of confidential business information and interference with business relationships by the defendants. The court's ruling on January 26, 2021, allows the plaintiff to pursue monetary damages and other legal remedies. An ex-parte motion to compel compliance with discovery demands was granted on February 1, 2021, aiding in the determination of damages owed.
PotNetwork Holdings (OTC PINK: POTN) announced significant corporate actions effective December 10, 2020. These include a 10-for-1 reverse stock split, a reduction in authorized shares to 750 million, and a rights offering allowing shareholders of record on November 25, 2020, to purchase additional shares. The rights offering aims to raise funds for product line expansion and potential acquisitions. Details on share pricing will be announced post-split, with a subscription period of at least 90 days.
PotNetwork Holdings, Inc. (OTC PINK: POTN) announced on November 20, 2020, the mailing of an Information Statement regarding key corporate actions approved by its Board of Directors. These include a 10-for-1 reverse stock split, a reduction of authorized shares to 750 million, and a Rights Offering for shareholders as of November 25, 2020. The Rights Offering allows shareholders to purchase 10,000 shares for every 100 shares held at an undisclosed price. The intent is to raise funds for growth opportunities, including product line expansion and acquisitions.
PotNetwork Holdings, Inc. (OTC PINK: POTN) has appointed Kyle L. Pritz as the new Vice President of Product Development for its Diamond CBD brands. With a Doctor of Pharmacy degree and significant clinical experience, Mr. Pritz is tasked with developing new proprietary products and evaluating product line expansions. CEO Lee Lefkowitz expressed excitement over his appointment, highlighting the fresh perspective and valuable expertise Pritz brings to the company, which aims to enhance its product offerings in the competitive CBD market.
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