Technology and investment company SinglePoint (OTCQB: SING) this morning announced its
entry into a $109,465,000 contract with Elite Foundation LLC of North Carolina
to supply more than 275,000 pounds of premium hemp flower over a 15 month
period. According to the update, SinglePoint stands to make a large profit in
what is the first major deal arising from the supply chain and co-selling agreement
with Oregon-based Easy Street Services Company and J&J Empire. “Our team
specifically our VP of Sales Don Smith has worked tirelessly to make this a
reality. We believe this is the catalyst toward closing a stream of substantial
deals in our pipeline,” SING President Wil Ralston said in the news release.
“Not long ago, SinglePoint made a significant commitment to be a major provider
in the industrial hemp space; this agreement solidifies our place in the
industry. In addition to raw material supply we are negotiating distribution
agreements to place finished goods in retail stores. There is a lot of
opportunity in this burgeoning market and we are getting in everywhere we can.
Our newest team member, Don Smith, is a leader in these efforts.”
To view the full press release, visit http://ibn.fm/w2hzL
About SinglePoint, Inc.
SinglePoint, Inc (SING) 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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