SinglePoint Provides Update on Hemp and CBD Market Strategy
SINGLEPOINT INC (SING)
NASDAQ:AMEX Investor Relations:
ir.singlepoint.com
Company Research
Source: GlobeNewswire
SEATTLE, April 30, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- SinglePoint Inc. (OTCQB: SING) today provides an update on the company’s Hemp and CBD sales and marketing strategy. On December 11, 2018 the Farm Bill was passed which included provisions for hemp. Shortly thereafter in a December 13th press release SinglePoint discussed the opportunity this presented for the company. Since then the company has been working full force to streamline opportunities in the space. To date the company has provided private label products, formulated custom products for clients and is now working to distribute raw materials including full spectrum oils, isolate, and other bi-products of the hemp plant for the use in creating CBD products. SinglePoint has secured access to distribute bulk CBD isolate and see major potential in distributing CBD and other materials. The company expects to work with several large purchasers in the near future. CBD isolate is used in many different products such as
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