SinglePoint Subsidiary SingleSeed Adds Three New Products
PHOENIX, Nov. 15, 2018 (GLOBE NEWSWIRE) -- SingleSeed.com a subsidiary of SinglePoint Inc. -- via OTC PR WIRE -- (OTCQB:SING) has added three new products to its e-commerce site. CBD Naturals Alkaline Water available in three, six and twelve packs, a SingleSeed branded full spectrum tincture as well as Renew CBD Serum. SingleSeed has been steadily growing and increasing sales and has seen tremendous success with the CBD water products specifically. This week SinglePoint management is attending MJBIZCON the industry’s largest tradeshow in search of potential acquisitions and new products to bring to market. Use promocode MJBIZCON at check-out to get 10% of your order valid through Sunday.
Recently SinglePoint announced access to $5,000,000 in capital which will be used for company growth and acquisitions. Management is very excited about the expansion of SingleSeed and the growth that has already been seen with nominal amount of marketing done for the site. SingleSeed has mapped out new ad networks that will bring a new level of exposure and potential customers to the site.
“We are very happy with how SingleSeed is progressing. We have lined up multiple ad networks that will begin test in the coming weeks. So far everything has been almost all organic and we have shipped over 400 bottles of the Lalpina CBD water alone. The overall goal is the be able to provide customers with a streamlined experience to purchase products and provide the manufactures and producers of these products another channel of exposure”, states Wil Ralston President SinglePoint.
The CBD market is predicted to be worth over $2.0 Billion in consumer sales by 2020 with approximately $450 Million derived from hemp related products. SinglePoint plans to expand its distribution capabilities and product suite and is in negotiations to add a new set of additional high-quality products. Many consumers these days are moving to online purchases and SingleSeed hopes that being a first mover in the market will help the company establish and capture a share of the blossoming market.
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.
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For more information visit: www.SinglePoint.com
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 November 15, 2018