Technology and investment company SinglePoint (OTCQB: SING) today announced that its
subsidiary, Direct Solar of America, is planning along with GSX International
Group and other larger corporations a first of its kind Hemp distribution
center. Per the update, Direct Solar will provide all energy solutions to
production and distribution centers, as well as energy solutions to independent
farmers in the co-op. Direct Solar will also facilitate the selling or
assigning of ITCs between the farmers and centers or other third parties. The
expansion into hemp represents an opportunity to enter what is projected to be
a multi-billion dollar market in just a few short years and, given the current
solar tax incentives along with opportunity zone exemptions, there is an
enormous potential for overall profit. With this financial incentive, the
project is expected to be fully profitable within three to four growing cycles.
To view the full press release, visit http://ibn.fm/taBLa
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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