Technology and investment company SinglePoint (OTCQB: SING) today announced its entry
into a comprehensive supply chain and co-selling agreement with Nevada based
JMSJ Holdings. According to the update, the agreement provides
SinglePoint guaranteed access to USD$50 million of industrial hemp derived CBD
isolate each month. In turn, SinglePoint will offer CBD distillate, CBD
isolate, and Hemp biomass for sale to fortune 500 and B2B companies to be used
in the manufacturing of retail products. “There’s a lot of confusion among the
CBD marketplace, specifically companies that are actively endeavoring to
purchase Hemp and CBD raw materials necessary to formulate/fabricate retail
products. We dove into this intricacy and quickly saw an opportunity for
SinglePoint to step in and streamline the exchange between buyers and sellers,”
SING President Wil Ralston said in the news release. “Our agreement with JMSJ
Holdings gives us access to a consistent supply of products and a direct co-selling
relationship. We are confident that customers will respond favorably and
SinglePoint’s revenues attributed to the CBD market segment will grow
exponentially as a result.”
To view the full press release, visit http://ibn.fm/KXpGc
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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