#Cannabis #Stock News:
SinglePoint (OTCQB: $SING) - AFG Distribution to Expand Sales for 1606 Original
Hemp Filtered Pre-Rolls throughout 8000 Retail Accounts; @_Singlepoint_
Phoenix,
Arizona - December 6, 2019 (Investorideas.com Newswire) SinglePoint Inc. (OTCQB:SING) announced today
that it has signed an agreement with AFG Distribution of North Carolina to
sell, market, and distribute the company's newest product "1606 Original
Hemp" a filtered hemp pre roll. The companies will exhibit at the MJBIZCON
show in Las Vegas December 11-13, 2019. Singlepoint is in booths C9132 and
C4247. AFG is in booth C2558.
Read this in full
at https://www.investorideas.com/CO/SING/news/2019/12061AFG-Distribution.asp
According
to Wil Ralston, President of Singlepoint, "A phenomenon is occurring where
people are substituting or modifying tobacco consumption with smokable hemp. We
believe we have the best filtered hemp pre roll using 100% hemp in the market
and are tremendously excited to partner with AFG Distribution to accelerate our
product placement into mainstream and alternative retail outlets
nationwide".
AFG
Distribution Marketing Manager Bennett Dickert stated, "I see the smokable
hemp trend continuing to grow across our over 8000 accounts and my team here at
AFG is excited to represent this outstanding product. We are confident that we
can help establish "1606 Original Hemp" as a meaningful leader in the
hemp pre roll category. Retail outlets and specialty shops across the country
have dedicated shelf space for CBD and are anxious to expand, especially with hemp
pre rolls. Singlepoint as a public company brand brings an elevated standard of
product to the market thereby enhancing the consumer's experience while adding
revenues and profits to the retailers".
Don
Smith, Singlepoint VP of Sales added, "After a successful launch of
"PURE" at the NACS show in October, it became clear we needed to
introduce an 85mm King Size product to meet the expectation of our customers.
In launching the "1606 Original Hemp" brand, SinglePoint has made
another bold move to solidify our place in the industry. Teaming with AFG and
their impressive sales team accelerates our plan to put finished goods in front
of consumers".
BDS
Analytics and Arcview Market Research projects that the collective market for
CBD sales in the U.S. will surpass $20 billion by 2024 while New York-based
investment bank Cowen & Co, estimates that the market could pull in $15
billion by 2025. The smokable hemp market currently represents approximately 2%
of the overall CBD market, but with a 250% growth from 2017 to 2018,
Brightfield Group, a Chicago-based cannabis market research firm, identifies
dried and smokable hemp flowers as one of the fastest-growing segments of the
CBD market.
With
the passage of the 2018 Farm Bill and the mainstreaming of CBD hemp flower, the
market is growing rapidly. There is a significant need for reliable suppliers
with the capacity to move product. Its demonstrated capacity to deliver has
established Singlepoint as one of the dominant players in the cbd and hemp
marketplace.
Interested
parties can contact Singlepoint via its dedicated hemp-line: 855-203-3318 or sales@singlepoint.com
About SinglePoint, Inc.
Founded
in 2011 SinglePoint, Inc (SING) invests in and acquires brands and companies
that will benefit from injection of growth capital and the sales and marketing
expertise of SinglePoint. The company portfolio currently includes solar
renewables, Hemp and distribution tobacco products. SinglePoint is working to
grow to a multi-national brand.
AFG
Distribution, founded in 1999 started by peddling its wares in parking lots at
Grateful Dead and Phish shows in the 90s. Since then, AFG Distribution
(previously All Fun Gifts) has grown immensely to become your Original One Stop
Alternative Wholesaler. We currently carry over 8,000 products and are
constantly sourcing and adding more unique items.
Connect on social media at:
Forward-Looking Statements
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.
Corporate
Communication
SinglePoint Inc.
855-711-2009
investors@SinglePoint.com
SinglePoint.com
SinglePoint Inc.
855-711-2009
investors@SinglePoint.com
SinglePoint.com
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