Technology and investment company SinglePoint (OTCQB: SING) this morning announced the release of its new wholly owned brand, 1606 Original Hemp, marking the company’s entrance into the smokable hemp market. The brand will offer an array of smokable hemp products that will not stimulate psychoactive effects like those found in marijuana products, because hemp has less than 0.3% THC while marijuana contains 5%-35% THC. The company plans to expand the brand swiftly through retail, distribution, and a new ecommerce site that is currently under development.
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About SinglePoint Inc.
SinglePoint 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.
NOTE TO INVESTORS: The latest news and updates relating to SING are available in the company’s newsroom at http://cnw.fm/SING
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