Technology and investment company SinglePoint (OTCQB: SING)
this morning provided insight into the company’s direction, intended
acquisition plans and previous successful acquisitions it has completed to
date. According to the update, the company has achieved major success in its
industrial hemp CBD related initiatives, with its subsidiary SingleSeed.comreceiving
a steady increased volume of orders expected to be a key factor in driving
increased revenue in 2019. The company is optimizing its site with different
landing pages and utilizing tools such a heat maps and A/B testing to target
enhanced visitor experience and increased conversion of site visits. SingleSeed
continues to launch new products with intentions to add CBD for pets in the
near future. In addition to success of its SingleSeed subsidiary, SING has
invested in TorusMed, a company working to develop CBD using photobioreactors,
with the ultimate goal of cultivating pharmaceutical grade CBD in lab settings
to ensure consistency.
Additionally, SING continues to review potential new
acquisitions and investments, while completing active discussions regarding
potential opportunities to drive revenue and solidify its position in the
industrial hemp CBD market. These opportunities include industrial hemp
production, product manufacturing, distribution, and targeted sales expansions
to convenience stores, vape shops, liquor stores, and more. In addition to its
strategic plans and potential growth in the CBD market, the company continues
to build upon existing initiatives and expand growth and opportunities through
previous successful acquisitions, such as ShieldSaver and DIGS.
To view the full press release, visit http://ibn.fm/4cgpD
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
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