- 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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