SEATTLE, May 08, 2019 (GLOBE NEWSWIRE) — — SinglePoint (OTCQB:SING) today announces a strategic national distribution program that will provide qualified fast growing CBD product companies a path to get their products into National Retail Distribution.
The “Strategics” program is offered in partnership with a national distribution company that has nearly $2 Billion in annual sales to mass-market stores including CVS, Walgreens, Rite-Aid, Dollar General, Dollar Tree, Giant Eagle, Meijer and Kroger grocery stores in addition to a long list of regional and national convenience stores.
According to SinglePoint President Wil Ralston, “Until now, startup, established and fast-growing CBD product companies have faced tremendous challenges in growing their business beyond e-commerce and regional distribution due to the enormous capital and logistics involved. We are excited to roll out our “Strategics” marketing program with a major national distributor that is receptive to building a portfolio of fast-growing CBD products and providing those products to their established mass market clients”.
SinglePoints goal is to seek out and recruit innovative and fast-growing companies that manufacture or distribute CBD retail products, and who desire the opportunity to have their products distributed nationally. SinglePoints “Strategics” program is extremely affordable and offers un-paralleled access that can translate into millions of dollars of orders for their respective CBD products.
Ralston added, “As we have stated, this market in growing exponentially and SinglePoint anticipates that shelf space will become increasingly difficult to obtain as the market matures. To capture this opportunity and firmly position Singlepoint in this unique B2B opportunity the company is acting immediately to screen prospective companies for its “Strategics” program and present those companies to our National Distribution Partner for consideration.
“Strategics” program partner companies will have added benefits including membership in SingleSource, a cooperative supply chain that allows members to purchase raw materials like CBD Distillate, CBD Isolate, Hemp Flower, and Biomass raw materials simply, and very competitively. Secondly, members have access to SinglePoints subsidiary SingleSeed which offers access to expanded product lines, manufacturing, custom formulation, and private labeling services.
SinglePoints “Strategics” program is available immediately. Principals of companies are encouraged to reach out to Don@SinglePoint.com subject line “(Company Name) Strategic CBD Distribution” or call 855-203-3318 for more information. SinglePoint can supply Hemp bi-products including CBD isolate distillate and more to any company in need. To be considered for the “Strategics” program companies must have annual revenue above $2,000,000. At this time SinglePoint will not disclose our partner due to competition and prescreening process. Approved companies will have the opportunity to present directly to our national distribution partner.
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 companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry.
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.