SinglePoint (OTCQB: SING) recently reported its quarterly financials for the period ending March 31, 2020. Among other highlights, the company’s Hemp cigarette brand, 1606 Original Hemp, experienced a sharp climb in sales, with revenues rising 133% in Q1 2020 compared to the previous quarter. (http://nnw.fm/A6GOy). An article discussing the company reads, “SinglePoint’s hemp subsidiary enjoyed a similarly successful start to the year with the company announcing that its hemp cigarette brand, 1606 Original Hemp, had reported a sales growth rate of 133% in the first quarter relative to the previous three months, while early indications of second quarter sales suggested that revenues had risen by a remarkable 233% month-on-month in May versus April. The pre-rolled organic hemp cigarette brand was launched to much fanfare at last year’s MJBizCon Conference in Las Vegas (http://nnw.fm/BZzd3) and represented SinglePoint’s attempts to break into the combustible hemp segment – a sector which is currently the second fastest growing sub-category within the $4.6 billion industrial hemp market (http://nnw.fm/4w1BE).”
To view the full article, visit http://nnw.fm/SrT3o
About SinglePoint, Inc.
Founded in 2011, SinglePoint, Inc. invests in and acquires brands and companies that will benefit from injection of growth capital and its sales and marketing expertise. The company’s portfolio currently includes solar, hemp and technology applications. SinglePoint is working to grow the company to a multi-national brand. 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://nnw.fm/SING
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork
