PotNetwork Holdings Inc. (OTCPL:POTN) is seeking acquisitions. Commenting on recently announced reverse stock split, Gary Blum Chief Executive Officer of PotNetwork said, "For the purpose of establishing the ability to put the Company on a path toward long-term sustainability, we believe that this is the best course of action. The changes in stock structure should resolve concerns about future dilution caused by our present share structure, and position us for serious future growth through potential mergers, acquisition, roll-ups and/or spin offs.

These actions are meant to signal to the market that we fully intend to build our market cap over time; not by diluting with the continual issuance of more shares, but by increasing the value of each individual share of stock."