PotNetwork Holdings, Inc. Appoints New President and CEO

Rhea-AI Summary

PotNetwork Holdings (OTC PINK: POTN) has appointed Lee Lefkowitz as the new CEO and President, succeeding Kevin Hagen, who remains with the company for operational purposes. Lefkowitz brings over 5 years of experience in the CBD industry and plans to implement rapid changes to enhance corporate structure and product lines. The company aims to boost shareholder value through innovative marketing and material developments in upcoming releases.

Positive

• Appointment of Lee Lefkowitz may bring fresh leadership and innovative strategies.
• Lefkowitz's experience in the CBD industry could enhance company growth and market positioning.
• Plans for corporate restructuring and new product lines aim to bolster shareholder value.

Negative

• Transition in leadership raises questions about continuity and potential experience gaps.

FT. LAUDERDALE, FL / ACCESSWIRE / October 27, 2020 / PotNetwork Holdings, Inc. (OTC PINK:POTN) ("the Company") announced today that effective immediately, Lee Lefkowitz has been appointed a Director of the Company as well as the new Chief Executive Officer and President of the Company, replacing Kevin Hagen, former President, CEO, and Director who resigned from these positions, but will remain serving to continue operations of the largely successful Diamond CBD.

Lee Lefkowitz, CEO

Gary Blum, Chairman of the Board of Directors, stated, "We are delighted to add Lee to our Board and executive team. He is a tremendous asset and looks forward to our positive direction with his experience and abilities in the hemp industry."

Lee Lefkowitz added, "I am pleased to grasp this incredible opportunity with an industry leader, pioneer, and innovator. In this position, I plan to build further on the foundation Kevin has built. In order to achieve our goals, we will be embarking on rapid changes to our corporate structure, additional product lines, and unsurpassed marketing efforts. In subsequent news releases, we will be announcing positive, material developments that will broaden our marketplace and add to overall shareholder value."

Mr. Lefkowitz has over 5 years of direct experience in the CBD industry and, for much of his career, has been a serial entrepreneur owning and operating his own businesses. Moreover, as a senior manager, he successfully has managed for many years sales and marketing teams for various companies. In addition, as a highly experienced senior financial manager, he acted as a public accountant for both domestic and international corporate accounts and managed multi-faceted accounting functions. For various privately-held companies, he has overseen and administered annual budgets exceeding $10 million.

PotNetwork Holdings, Inc. (OTCPink:POTN), a publicly-traded SEC reporting company, is 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.

Diamond CBD, our primary operating subsidiary, focuses on the development and marketing of premium hemp extracts containing a broad CBD isolate and full-spectrum CBD oil of natural hemp derivatives. Diamond CBD's team includes hemp industry pioneers and experts dedicated to producing the purest and most effective cannabidiol (CBD) containing products. The result is a robust selection, including powerful natural CBD oil, tinctures, smokables, CBD edibles, and other CBD-containing products, including CBD creams, health, and beauty items, as well as CBD pet products. For more information, please visit our website at www.DiamondCBD.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.

CONTACT:
PotNetwork Holdings, Inc.
1-800-915-3060
investor@PotNetworkHolding.com

SOURCE: PotNetwork Holdings, Inc.

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https://www.accesswire.com/612333/PotNetwork-Holdings-Inc-Appoints-New-President-and-CEO

FAQ

Who is the new CEO of PotNetwork Holdings?

Lee Lefkowitz has been appointed as the new CEO and President of PotNetwork Holdings.

What was the reason for Kevin Hagen's departure?

Kevin Hagen resigned as President and CEO but will continue to assist operations at Diamond CBD.

How will Lee Lefkowitz impact PotNetwork Holdings?

Lefkowitz plans to drive changes in corporate structure, expand product lines, and enhance marketing efforts to increase shareholder value.

What industry experience does Lee Lefkowitz have?

Lee Lefkowitz has over 5 years of experience in the CBD industry and has managed sales and marketing teams.