Breaking #Cannabis News:
SinglePoint (OTCQB: $SING) Receives Phenomenal Response to 1606 Original Hemp
Cigarettes at 2019 MJ Business Conference
Alternative to Vape and Traditional Smoking, 1606
Original Hemp Cigarette Debuts at 2019 MJBIZCON
Phoenix, AZ - December 19, 2019 (Investorideas.com
Newswire) SinglePoint Inc. (OTCQB:SING) successfully launches 1606 Original Hemp at the 2019 MJ Business
Conference in Las Vegas. The company received its first major purchase order
for approximately 5000 packs of hemp cigarettes from one distributor and
expects many more to come over the coming months. The show was attended by
approximately 35,000 people this year.
Read this news in full at https://www.investorideas.com/CO/SING/news/2019/12191HempCigarettes-MJBusinessConference.asp
SinglePoint President Wil Ralston was featured on
ABC local news station KTNV channel 13 in a segment about the conference and
overall growth in the industry. Mr. Ralston discussed the process behind
creating and supplying 1606 Original Hemp cigarettes and how the response has
been so far to date.
Full segment here -
"The reception for 1606 at MJBIZCON exceeded
our expectations. The most surprising to us was just the number of individuals
that were truly excited about this product and had never seen anything like it
before. As well as the number of people that came back days two and three to
tell us how much they enjoyed the product. We know we have a great product here
and are ahead of the market. We now need to follow up and sell and establish
our brand as the premier brand in the market. I believe we have the head start
and quality product to do just that, our first distributor has put in their
purchase order for around 5000 packs and we look forward to additional orders
from stores and additional distributors," states Wil Ralston, President of
SinglePoint.
1606 Original Hemp cigarettes are nicotine and tobacco-free. Some research suggests
that smoking hemp cigarettes could be a potential tool to replace tobacco and
nicotine addictions. According to a Brightfield Group survey of more than 5,000
CBD users in the U.S.:
·
24% have used it to help quit smoking.
·
Quitters are often replacing cigarettes with either
smokable hemp or vaping.
·
41% of quitters have entirely replaced traditional
smoking with hemp CBD.
According to a June 2019 market research report
published by MarketsandMarkets™, the industrial hemp market is projected to
grow from $4.6 billion in 2019 to $26.6 billion by 2025, recording a compound
annual growth rate of 34.0% during the forecast period. The cannabidiol (CBD)
market is on track to grow to $23.7 billion through 2023, according to
Brightfield Group. The firm also estimated the smokable hemp market to be
valued at $11.5 million in 2018, a growth of 250% from 2017.
About 1606 Original Hemp
At 1606
Original Hemp We believe you deserve quality hemp made in
the USA by farms dedicated to producing 100% compliant products grown with
organic practices. 1606 provides full spectrum CBD, third party tested from
seed to sale for your safety. Quality Cultivation Guaranteed!
Connect with us!
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's
portfolio currently includes solar renewables, Hemp and distribution tobacco
products. SinglePoint is working to grow the company to a multi-national brand.
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.
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