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SinglePoint Inc. (SING) Signs Contract to Supply $100 Million of Premium Hemp Flower

  • SinglePoint emphasizes new technologies as it specializes in acquiring small to mid-sized businesses
  • The company just announced a major premium hemp-flower contract
  • SinglePoint is optimistic regarding the cannabis industry, bitcoin and blockchain technologies

SinglePoint Inc. (OTCQB: SING) is a technology and investment company based in Phoenix, Arizona. The company’s focus is on acquiring small to mid-sized firms that will benefit from the injection of growth capital and technology integration.

SinglePoint has a varied portfolio of undervalued subsidiaries with numerous revenue streams. The company’s visionary leadership team has wide-ranging experience in technology, engineering, marketing and raising capital.

SinglePoint diversifies into horizontal markets. The company researches opportunities where it can be active within an organization and influence strategy and direction. These target firms are typically undervalued and cash-flow positive, with high potential and verified assets (http://nnw.fm/Lk5Qc). SinglePoint has operations in diverse industries and verticals, including payment processing, cannabis, blockchain technologies and a crypto application co-created with AppSwarm (OTC: SWRM).

SinglePoint recently announced its entry into a multimillion-dollar contract with Elite Foundation LLC of North Carolina (http://nnw.fm/kUs24). The contract is for the supply of more than 275,000 pounds of premium hemp flower over a period of 15 months. Elite Foundation adds value to hemp-centric businesses in the Southeast, providing ‘The Highest Grade’ of curated biological materials, agricultural expertise and consulting solutions to support sustainable growth.

Elite Foundation recently approved and took receipt of the second batch of product. In addition, Elite approved roughly 5,000 pounds of varietal-strain hemp flower. This has been reserved for its next four to six shipments, which are expected to occur every other week.

“This has been a great development for SinglePoint and our VP of Sales, Don Smith, has done a wonderful job of closing this contract,” SinglePoint President Wil Ralston stated in a news release. “He is currently working with additional clients in need of hemp flower as well as many other raw materials, such a biomass. We look forward to the closure of these deals among others in our pipeline including private-labeled finished goods for retail distribution. We see a large opportunity to put end-user product throughout retail distribution in the coming months.”

Of the contract, Elite Foundation chairman and CFO Max Alexander added, “We are grateful for the opportunity to work with SinglePoint in continuing to establish ourselves as the Southeast’s preferred hemp provider, trusted to satisfy our clientele’s growing demands by ensuring quality, consistency and variety for the downline.”

SinglePoint continues to diversify. The company acquired ShieldSaver in March 2018, expanding blockchain technology development into the automotive industry. SinglePoint’s pioneering bitcoin payment solution is poised to be a game changer for currently “unbankable” marijuana businesses (http://nnw.fm/W3LbY). Additionally, SinglePoint subsidiary SingleSeed launched a new retail website for CBD-based products in April 2018 (http://nnw.fm/XT7x0).

In addition, SinglePoint recently acquired Direct Solar. Since completion of the acquisition, Direct Solar has secured more than $400,000 in solar-installation contracts. Direct Solar is currently averaging 2.7 sales per day and has been trending toward three. The company is looking to expand into Missouri, as well (http://nnw.fm/WFg8x).

Furthermore, SinglePoint recently announced a letter of intent to acquire ProActive Nutra. ProActive is a GMP- and FDA-compliant CBD, mushroom and herbal-cleanser manufacturing company. It has established a large following for its products, specifically the STAT! line of products, for which it currently has exclusive global distribution rights (http://nnw.fm/2vbRI).

SinglePoint continues to focus on its acquisition-based strategy. The company provides investors the opportunity to make investments across a broad range of assets. SinglePoint’s diversification mergers-and-acquisitions model offers a platform for sustainable growth and expansion into important markets.

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

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