Technology and investment company SinglePoint (OTCQB: SING) today announced a letter of
intent to acquire ProActive Nutra, a GMP, FDA compliant CBD, mushroom and
herbal cleanser manufacturing company. According to the update, the company
operates in a GMP-compliant facility and currently manufactures over 30
products for the ProActive Nutra brand and many others as a private labeled
finished product. “This is an exciting opportunity for SinglePoint. We have
been fulfilling CBD products and formulations for customers already, and to
bring that process in-house through this acquisition while increasing our
revenue as well is a win-win for SinglePoint,” SING CEO Greg Lambrecht said in
the news release.
In addition, SinglePoint announced that its President Will
Ralston was featured on an Investor Ideas Potcast, hosted by Investorideas.com, a
global news source covering leading sectors including cannabis and solar
stocks, to discuss the company’s recent acquisition of Direct Solar and its
cross pollination business strategy (http://ibn.fm/Y74we). “This acquisition will securely place
SinglePoint on a new path towards growth, revenue and overall profitability,”
Greg Lambrecht, CEO of SinglePoint stated in a recent press release discussing
the acquisition. “We believe Direct Solar has the people and the ability to
scale beyond initial projections and truly make an impact on SinglePoint’s goal
of getting a NASDAQ or NYSE.”
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.
NOTE TO INVESTORS: The latest news and updates
relating to SING are available in the company’s newsroom at http://ibn.fm/SING
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