Technology and investment company SinglePoint (OTCQB: SING) today announced its entry into a comprehensive supply chain and co-selling agreement with Nevada based JMSJ Holdings. According to the update, the agreement provides SinglePoint guaranteed access to USD$50 million of industrial hemp derived CBD isolate each month. In turn, SinglePoint will offer CBD distillate, CBD isolate, and Hemp biomass for sale to fortune 500 and B2B companies to be used in the manufacturing of retail products. “There’s a lot of confusion among the CBD marketplace, specifically companies that are actively endeavoring to purchase Hemp and CBD raw materials necessary to formulate/fabricate retail products. We dove into this intricacy and quickly saw an opportunity for SinglePoint to step in and streamline the exchange between buyers and sellers,” SING President Wil Ralston said in the news release. “Our agreement with JMSJ Holdings gives us access to a consistent supply of products and a direct co-selling relationship. We are confident that customers will respond favorably and SinglePoint’s revenues attributed to the CBD market segment will grow exponentially as a result.”
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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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