Technology and investment company SinglePoint (OTCQB: SING)
this morning announced its plans to explore opportunities to produce industrial
hemp through joint ventures with leading growers, as well as a potential
investment in a development program for cannabidiol (“CBD”) extraction from
hemp with passage of the 2108 Farm Bill. New legislation removes the schedule
one substance designation for hemp and provides tremendous opportunity for SING
and the company’s subsidiary, SingleSeed.com, an ecommerce-based business that sells and
supplies industrial-based hemp CBD products. “We are excited for these new
opportunities in the hemp market and have been preparing the company to be in a
position in the event the 2018 Farm Bill passed,” SING CEO Greg Lambrecht
stated in the news release. “Now that it has, it’s a matter of closing on the
negotiations we have started. I intend and plan for SinglePoint to be a key
player in the distribution of hemp products and sourcing the best products we
can in the market.”
To view the full press release, visit http://ibn.fm/ojnCr
About SinglePoint, Inc.
SinglePoint, Inc. is a technology and investment company
with a focus on acquiring companies that will benefit from the injection of
growth capital and technology integration. The company portfolio includes
mobile payments, ancillary cannabis services and blockchain solutions. Through
acquisitions into horizontal markets, SinglePoint is building its portfolio by
acquiring an interest in undervalued companies, thereby providing a rich,
diversified holding base. Through SingleSeed, the company is providing products
and services to the cannabis industry. For more information, visit the
company’s website at www.SinglePoint.com
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide
a rapid summary of corporate news that catch the attention of QualityStocks.
QualityStocksBreaks are designed to keep investors up to date on important and
breaking news in the small-cap and micro-cap markets. Spanning all industries,
including energy, entertainment, telecommunications, healthcare, retail and
more, these news breaks deliver opportunities the investment community may have
missed. Whether it is earnings results, mergers and acquisitions, or any other
market-moving news, our news breaks keep you in the know. QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment