SinglePoint (SING) Wholly Owned Subsidiary SingleSeed Launches New Consumer-Facing Website Driving Sales of CBD-Based Products Nationally
SEATTLE, April 03, 2018 (GLOBE NEWSWIRE) -- SinglePoint Inc. (OTCQB:SING) announces the official launch of the freshly revamped SingleSeed.com website, focused on selling cannabidiol (CBD) based products direct to consumer. A subsidiary of SinglePoint, SingleSeed has been actively operating in the cannabis space since 2014. Interest in CBD has increased tremendously over the years, and the CBD market is projected to hit $2.1 Billion by 2020, according to Forbes. SingleSeed is looking to capitalize in the space by creating and distributing hemp-based CBD products.
SingleSeed.com is now live and taking orders. Consumers can visit SingleSeed.com and use promo code SING on orders of $50 or more to receive a complimentary two-pack of the company’s hemp-based CBD capsules. The company is sourcing all of its CBD from U.S.-based hemp farms, all of which provide analysis of the product to ensure purity. SingleSeed is looking to position itself as the trusted, quality leader in the CBD market.
CBD products do not have any psychotropic effects and typically are used for medical purposes. Brightfield's data estimates that hemp CBD sales have already hit $170 million in 2016 and at a 55 percent compound annual growth rate. A major benefit of hemp-based products is they can be sold globally, and with the power of e-commerce, SingleSeed will be making a major push to drive website traffic and convert sales.
The company is relying on the team’s history and expertise in payment and technology development to capitalize on the growing demand in the CBD market. SingleSeed has also engaged e-commerce experts to help drive online awareness and will also be working with online influencers to drive brand awareness.
Sign up to get the latest news from SinglePoint here: https://ir.singlepoint.com/email-alerts
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 subsidiaries, thereby providing a rich, diversified holding base.
Connect on social media at:
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 Communications Contact:
New York, New York
Source: SinglePoint, Inc.
Released April 3, 2018