NEW YORK, Nov. 30, 2018 (GLOBE NEWSWIRE) -- via CannabisNewsWire – CannabisNewsAudio announces the Audio Press Release (APR) titled “Political Change and E-commerce Drive Ongoing Growth for Cannabis Industry,” featuring SinglePoint, Inc. (OTCQB: SING).
To hear the CannabisNewsAudio version, visit: http://cnw.fm/V6coK
To read the full editorial, visit: http://cnw.fm/Kdxq9
Hemp promises to be a big cash crop. CBD oil extracted from hemp is used in a wide range of health and wellness products, such as the CBD water and tinctures recently released through SinglePoint’s SingleSeed site. The CBD side of the industry reaches markets that raw cannabis can’t and, as a result, has seen huge growth, spreading into health stores and international markets.
But it’s through e-commerce that CBD has really taken off. More than $4 million of CBD products were sold through Amazon just in July this year. For companies, such as SinglePoint, that are using their own e-commerce stores, there’s even greater potential for profit than through Amazon. By providing both the product and the marketplace, they create a complete funnel to customers, benefitting from all the profits and building a loyal client base.
About SinglePoint, Inc.
SinglePoint, Inc. 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. For more information, visit the company’s website at www.SinglePoint.com
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CannabisNewsWire (“CNW”) is a specialized information service that (1) aggregates cannabis news, (2) provides CannabisNewsBreaks that quickly updates investors in the space, (3) enhances corporate press releases, (4) helps companies with distribution and optimization of social media, and (5) delivers comprehensive corporate communication solutions. CNW is uniquely positioned in the cannabis market with a strong team of journalists and writers who can help private and public companies reach a wide audience of investors, consumers, journalists and the general public through our ever-growing dissemination network of more than 5,000 key syndication outlets. CNW is bringing unparalleled visibility, recognition and content to the cannabis industry.
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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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