SinglePoint to Acquire ProActive Nutra, a GMP-Certified, FDA-Compliant Manufacturing Facility Producing CBD, Herbal Cleansers and Award-Winning Mushroom Formulations
SINGLEPOINT INC (SING)
NASDAQ:AMEX Investor Relations:
ir.singlepoint.com
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Source: GlobeNewswire
PHOENIX, May 21, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – SinglePoint Inc (OTCQB:SING) announces a letter of intent to acquire ProActive Nutra, a GMP, FDA compliant CBD, mushroom and herbal cleanser manufacturing company operating in a GMP-compliant facility. The company currently manufactures over 30 products for the ProActive Nutra brand and many others as a private labeled finished product. ProActive Nutra is established in thousands of retail stores throughout the southwest of the U.S. and has the ability and plans to scale throughout the U.S. “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. This acquisition brings a solid business team with over 20 years of experience in the nutritional supplement space. ProActive Nutra is an established company with brands that have been e
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