SinglePoint Subsidiary SingleSeed Launches Lalpina CBD Water, Records Successful First Week
SEATTLE, Oct. 17, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- SinglePoint Inc. (OTC:SING) is excited to announce a successful first week of sales of the newly listed product Lalpina CBD Water. SingleSeed has already received 25 orders for the 12 pack cases of water in the first week. The water has been a nice success so far and has drove sales of other products listed on SingleSeed as well. SingleSeed supplies multiple different hemp-based CBD products. The company is in a perfect position to continue adding relationships for additional distribution of products.
According to the Hemp Business Journal the CBD market is projected to grow to $2.1 Billion by 2021. SingleSeed plans to capitalize on this growth through distributing CBD products to a wide range of customers both online through the ecommerce store as well as to physical locations. SingleSeed currently has two of its own products but plans to continue growing its distribution footprint of products manufactured outside companies.
SinglePoint recently signed a distribution agreement with the manufactures of Lalpina CBD Water, American Premium Water Corporation (OTC:HIPH). “We are thrilled at this first week of sales results, it has blown away our expectations especially when taking into consideration we have not yet added it to our mix of search marketing, most of the orders have been organic direct search for singleseed.com,” states Wil Ralston, President of SinglePoint.
SinglePoint is currently in negotiations with additional manufactures to distribute products and potentially supply bulk CBD to these manufactures. Through SinglePoint subsidiary DIGS the company has access to bulk CBD, white label products and can fulfill and dropship from our San Diego facilities. Any company’s interested in product creation and fulfillment are encouraged to reach out to Sales@whitelabelcbdco.com
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.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
Released October 17, 2018