AFG Distribution to Expand Sales for SinglePoint Brand 1606 Original Hemp Filtered Pre-Rolls Throughout 8,000 Retail Accounts
December 06 2019 - 1:02PM
InvestorsHub NewsWire
AFG Distribution to Expand Sales for SinglePoint Brand 1606
Original Hemp Filtered Pre-Rolls Throughout 8,000 Retail Accounts
Phoenix, AZ -- December 6, 2019 -- InvestorsHub
NewsWire -- SinglePoint (OTCQB:SING) announced today that it has
signed an agreement with AFG Distribution of North Carolina to
sell, market, and distribute the company’s newest
product “1606 Original Hemp” a filtered hemp pre
roll. The companies will exhibit at the MJBIZCON show in
Las Vegas December 11-13, 2019. Singlepoint is in booths C9132 and
C4247. AFG is in booth
C2558.
According to Wil Ralston, President of SinglePoint,
"A phenomenon is occurring where people are substituting or
modifying tobacco consumption with smokable hemp. We believe we
have the best filtered hemp pre roll using 100% hemp in the market
and are tremendously excited to partner with AFG Distribution to
accelerate our product placement into mainstream and alternative
retail outlets
nationwide.”
AFG Distribution Marketing Manager Bennett Dickert
stated, “I see the smokable hemp trend continuing to grow across
our over 8,000 accounts and my team here at AFG is excited to
represent this outstanding product. We are confident that we can
help establish ‘1606 Original Hemp’ as a meaningful leader in the
hemp pre-roll category. Retail outlets and specialty shops across
the country have dedicated shelf space for CBD and are anxious to
expand, especially with hemp pre-rolls. SinglePoint as a public
company brand brings an elevated standard of product to the market
thereby enhancing the consumer’s experience while adding revenues
and profits to the
retailers.”
Don Smith, SinglePoint VP of Sales, added, “After a
successful launch of ‘PURE’ at the NACS show in October, it became
clear we needed to introduce an 85mm King Size product to meet the
expectation of our customers. In launching the ‘1606 Original Hemp’
brand, SinglePoint has made another bold move to solidify our place
in the industry. Teaming with AFG and their impressive
sales team accelerates our plan to put finished goods in front of
consumers.”
BDS Analytics and Arcview Market Research projects
that the collective market for CBD sales in the U.S. will surpass
$20 billion by 2024 while New York-based investment bank Cowen
& Co, estimates that the market could pull in $15 billion by
2025. The smokable hemp market currently represents approximately
2% of the overall CBD market, but with a 250% growth from 2017 to
2018, Brightfield Group, a Chicago-based cannabis market research
firm, identifies dried and smokable hemp flowers as one of the
fastest-growing segments of the CBD
market.
With the passage of the 2018 Farm Bill and the
mainstreaming of CBD hemp flower, the market is growing rapidly.
There is a significant need for reliable suppliers with the
capacity to move product. Its demonstrated capacity to deliver
has established SinglePoint as one of the dominant players in the
CBD and hemp
marketplace.
Interested parties can contact SinglePoint via its
dedicated hemp-line: 855-203-3318
or sales@singlepoint.com.
About SinglePoint,
Inc.
Founded in 2011 SinglePoint, Inc. (SING) invests in
and acquires brands and companies that will benefit from injection
of growth capital and the sales and marketing expertise of
SinglePoint. The company portfolio currently includes solar
renewables, Hemp and distribution tobacco products. SinglePoint is
working to grow to a multi-national
brand.
About AFG Distribution, Inc.
http://www.afgdistribution.com
AFG Distribution, founded in 1999 started by
peddling its wares in parking lots at Grateful Dead and Phish shows
in the 90s. Since then, AFG Distribution (previously All Fun Gifts)
has grown immensely to become your Original One Stop Alternative
Wholesaler. We currently carry over 8,000 products and are
constantly sourcing and adding more unique
items.
Connect on social media
at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
For more information visit: www.SinglePoint.com
Forward-Looking
Statements
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 Communication
SinglePoint Inc.
855-711-2009
investors@SinglePoint.com
SinglePoint.com
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