- SinglePoint,
a technology and investment company with an extensive portfolio, has
announced that it will enable the distribution of raw materials like full
spectrum oils and hemp byproducts
- The
expansion of the company’s hemp and CBD product line is a result of
legislative changes in the U.S., especially the passing of the federal
Farm Bill
- The
company also announced that it will be working toward strategic
partnerships and alliances that will facilitate and secure the
distribution of its extended line of products
Private label products and custom offerings formulated for
the needs of clients both belong to the SinglePoint Inc. (OTCQB: SING) hemp and CBD portfolio.
The company has now announced an expansion of its portfolio and is already
working on the distribution of raw materials like full spectrum oils, isolates
and other hemp byproducts required for the creation of CBD lines.
According to a company update, the enhanced product range is
in line with SinglePoint’s sales and marketing strategy (http://ibn.fm/o9mT5). Following
the approval of the federal Farm Bill on December 11, 2018, companies like
SinglePoint have started making strategic moves to benefit from the legislative
changes brought on by the Farm Bill.
SinglePoint has already secured opportunities for the bulk
distribution of CBD isolate. The company also sees potential for the
distribution of CBD and other materials. In the near future, SinglePoint
anticipates partnering up with several large purchasers capable of guaranteeing
the volume of orders.
CBD isolate is a necessary raw material for the production
of various popular products like tinctures and creams. Through its
distribution, SinglePoint is establishing itself as a partner that’s capable of
delivering comprehensive supply chain solutions – from the inception to the
creation of a finished hemp or CBD product.
In addition, SinglePoint is working to help its clients
secure extensive distribution via both ecommerce and retail channels.
The consumer demand for reliable suppliers of hemp and CBD
products is growing rapidly, as SinglePoint President Wil Ralston noted in a
news release. SinglePoint is investing in the infrastructure and the research
needed to educate clients and also offer high quality CBD products at an
affordable price, he concluded.
One of the most exciting new developments, according to
Ralston, is the new SinglePoint water-soluble CBD tincture. The product will
soon become available at an introductory price via the company’s online
platform, SingleSeed.com (http://ibn.fm/3tJlg).
“We are working quickly to establish our own brand
SingleSeed as an innovative solution (…) while also expanding our affiliate
network to address retail point of sale in various consumer outlets – from 7/11
markets to specialized nutrition stores to alternative health businesses like
chiropractic offices,” Ralston also announced.
Strategic alliances will be of key importance in the future,
and SinglePoint is actively working to acquire the right partners. The aim of
such alliances will be to position SinglePoint as one of the first public
companies to streamline the transaction process. Through such alliances,
SinglePoint could become a reliable vendor for all of the companies actively
developing consumer solutions.
As per the official company announcement, additional updates
and news about strategic developments will be released to the public in the
near future.
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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www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
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