Wednesday, May 13, 2020
#CBD #Stock News: SinglePoint (OTCQB: $SING) Provides Update on 1606 Hemp Direct to Store Sales Strategy; @_Singlepoint_
#CBD #Stock News: SinglePoint (OTCQB: $SING) Provides Update on 1606 Hemp Direct to Store Sales Strategy; @_Singlepoint_
· 64% increase in orders compared to the previous month
· 130 new retail accounts pick up 1606 Hemp
· Increased sales footprint into 7 additional states
· Reorders and additional product stock shipments have commenced
· Average sale size increased 42%
Phoenix, Arizona - May 13, 2020 (Investorideas.com Newswire) SinglePoint, Inc. (OTCQB: SING) recently launched a new strategic direct to store (DSD) sales initiative focused on initial product placement and market penetration within convenience stores and smoke shops in the domestic US market. This DSD strategy is designed to enhance sales, initial product placement and augment existing traditional retail distribution sales efforts leveraging the recent introduction of the new countertop displays. The Company recently hired multiple representatives to facilitate the placement of 1606 Hemp in specific retail locations and has the ability to closely monitor the sales activity and results through this direct contact with each retail location. Results have been positive as the 1606 Hemp product placement efforts quickly moved past an internal sales milestone shortly after implementing the DSD sales strategy. The phase one Direct Store sales strategy is focused on self-generated store acquisition by hiring professional sales representatives to contact accounts directly with the goal of acquiring a minimum of 250 additional retail accounts across multiple states. The company has acquired over 130 new retail accounts across 7 states solely attributed to this DSD effort and has already received some reorders from these new retail accounts.
Read this news featuring SING in full at https://www.investorideas.com/CO/SING/news/2020/05131-1606Hemp-StoreSalesStrategy.asp
· 1606 Hemp has seen a sales growth rate of 133% this quarter over the previous
· 233% growth in sales up to this point of the month compared from the previous month at the same point.
SinglePoint management believes 1606 Hemp has the ability to generate approximately $2,750,000 to $5,500,000 in annual sales revenue of 1606 Hemp per 1,000 active accounts. Once the phase one goals (250 new retail accounts) have been achieved and the results analyzed and adjusted accordingly the Company will plan on entering the next phase which would focus on the acquisition of 2,500 stores and to increase and enhance the reorder rate from existing accounts.
SING: 1606 Hemp Six Pack
1606 Hemp was designed to be the premium brand in the combustible hemp market which is the second fastest growing market in the hemp category. 1606 Hemp continues to innovate and differentiate itself as evidenced by the recent introduction of a six pack point of sale display unit designed to be placed on countertops or next to the register retail locations across the nation. Our filtered pre-rolls are made from broad spectrum American grown, harvested and cured hemp flower. Less than 0.3% THC and nearly 20% CBD in each pre-roll, they provide a smooth alternative to tobacco products. We use sustainable farming techniques, biodegradable filters and third party tests for quality, compliance and safety.
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 combustible 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 combustible 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, the market is growing rapidly. There is a significant need for reliable suppliers with the capacity to market and produce products available at retail or direct to consumers.
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 our sales and marketing expertise. Our portfolio currently includes solar, hemp and technology applications. We are working to grow the company to a multinational brand.
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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.
KEYWORDS: Combustible Hemp, Hemp, Smokable Hemp, Hemp Cigarettes, Hemp CBD, CBD, Exciting new markets, Emerging Markets
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SinglePoint Inc.
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Tuesday, May 12, 2020
Investorideas.com - Cannabis Stock News: Province of Ontario Issues Spyder Cannabis (TSXV: SPDR) Retail Operator Licence
Investorideas.com - Cannabis Stock News: Province of Ontario Issues Spyder Cannabis (TSXV: SPDR) Retail Operator Licence
Get the latest Cannabis and Hemp stock news from www.investorideas.com
Get the latest Cannabis and Hemp stock news from www.investorideas.com
CBD Stock News- Earthly Mist Stores Deal With Covid-19 by Using American Green’s (OTC: $ERBB) Smart Vending Kiosks to Complete Store Purchases without Onsite Human Interaction; @American__Green
CBD Stock News- Earthly Mist Stores Deal With Covid-19 by Using American Green’s (OTC: $ERBB) Smart Vending Kiosks to Complete Store Purchases without Onsite Human Interaction; @American__Green
PHOENIX, AZ and OKLAHOMA CITY, OK, May 12, 2020 – ( Investorideas.com newswire) – Breaking cannabis/CBD Technology stock news - American Green (ERBB:OTC) announced that one of its best AGM Vending Machine Kiosk customers has used the company’s technology to keep its employees and customers safe by eliminating all contact with fellow customers and employees while completing a transaction at its stores.
Read this news featuring ERBB in full at https://www.investorideas.com/news/2020/cannabis/05123CBD-OTCERBB.asp
Earthly Mist, like most companies in the retail sector, found itself in a situation when Covid 19 hit, of having to close its stores unless it found a way to continue to serve its clients without risking the health of its employees and customers. Store management came up with a solution to re-deploy their American Green AGM kiosks to carry out a complete transaction without any human interaction whatsoever.
According to Earthly Mist Manager, Danelle Pierce, “Customer and employee safety was our #1 priority. We've used the AGM – American Green Merchandisers - as a way to offer contactless purchases that are compliant within our Covid-19 environment. American Green’s AGM has been great for our clients that still need to complete purchases, but who are concerned about interacting with the public. By making our products available day and night, essential workers still in the workforce no longer need to rush in before our stores close. We've informed our clients that even through forced shutdowns due to government restrictions, our popular products will remain available to them to purchase any time of the day or night. Our contact-free solution has greatly relieved consumer anxiety and allowed us to continue to offer access to our products during these uncertain times.”
According to Lindel Creed, American Green’s head of American Green’s AGM Division, “Earthly Mist was forced to become very creative in their business thinking and has put today's technology to optimum use in keeping their business and client base stress free. Using high-tech security cameras and two-way communication with customers arriving at the store, coupled with American Green’s proprietary AGM - American Green Merchandiser - Earthly Mist can continue to securely dispense its quality products to customers using the kind of ingenuity that has made American the great country that it is.”
When visiting the Earthly Mist Facebook page you can see a flyer made about a possible temporary closure; however, the website and Automatic Dispensing AGM Machines will remain available day and night.
In other news, American Green plans to open up 10 additional major markets to vending operators wishing to sell American Green’s CBD line of American-made CBD products. In addition to the AGM smart vending kiosk, the company is also a leading online supplier of America-made, high quality CBD products which it plans to “marry” to its state-of-the-art AGM machines. For a sampling of American Green’s high quality product offerings, simply click on the company’s online store. If you are an experienced vending machine operator serving a major market and wish to add a complete CBD products to your existing route, you should contact Mr. Lindel Creed at American Green’s AGM Division located in Gastonia, North Carolina by writing lindel@americangreen.com or calling Mr. Creed on his direct line at 704-718-3158.
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About American Green, Inc.
American Green, Inc. became, in 2009, America’s second publicly-traded company in the cannabis industry. American Green now, with its more than 50,000 individual certified shareholders, has more than any other company in the cannabis sector, American Green's mission is to lead the cannabis and premium CBD industry. Leveraging our team of professionals in cultivation management, manufacturing, extraction, wholesale, retail, and community outreach, we strive to develop sustainable initiatives in the cannabis-adjacent and CBD industries, laser-focused on adding company and shareholder value.
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NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings. Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, be should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.
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