SinglePoint Inc. (SING) Finalizes Distribution Agr
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Posted On: 01/08/2020 3:46:50 PM
SinglePoint Inc. (SING) Finalizes Distribution Agreement, Debuts Premium Tobacco Product at World’s Largest Gathering of Cannabis Professionals
- SING announces distribution agreement with JTI USA designed to grow market for PrimeTime Little Cigars
- SinglePoint debuts, takes orders for Little Cigars at preeminent marijuana business conference
- Global cigar market is currently $10 billion and forecasted to grow at a CAGR of 4.23% from 2019 to 2024
SinglePoint Inc. (OTCQB: SING), a company that specializes in acquisitions of small to mid-sized companies with an emphasis in new technologies, announced that it has inked a new distribution agreement with JTI USA that could significantly grow the footprint of PrimeTime™ Little Cigars throughout North America (http://nnw.fm/5PmdO).
“I’m excited and honored to be working with JTI to distribute PrimeTime Little Cigars,” SinglePoint CEO Greg Lambrecht stated in a news release. “The opportunity to work with a global leader in this category is exciting, and we are ready to expand Primetime’s U.S. market share with our unique experience in alternative markets. Having placed premium cigars in over 30,000 accounts, we expect this opportunity to be one of our major revenue sources in coming years, and to distribute additional JTI products as we grow this category.”
Shortly after announcing the distribution agreement, SinglePoint took its first step in its new distribution role, debuting the PrimeTime Little Cigars at the 2019 MJBIZCON show, held last week in Las Vegas. At the show, SING showcased PrimeTime Little Cigars and took its first orders for the product. SING expects the exposure gained and orders taken at the show will lead to additional distribution and alternative-market possibilities.
“We are excited to be working with SinglePoint,” added Renee Duszynski, director of sales for JTI. “SinglePoint CEO Mr. Lambrecht’s prior experience in distribution of premium cigars, we believe, will lead to continued growth of JTI USA products and the PrimeTime brand.”
Part of the JT Group of companies, JTI USA is a multibillion-dollar organization with international presence in 130 countries. As a distributor for JTI, SinglePoint will play an important part as it supports JTI’s efforts to grow the distribution and sales of PrimeTime Little Cigars. According to Mordor Intelligence, the global cigar market is currently $10 billion and forecasted to grow at a CAGR of 4.23% from 2019 to 2024.
Recognized as the best-flavored little cigars on the market, PrimeTime Little Cigars are available in cherry, grape, vanilla, and peach. This high-quality tobacco product line provides a valuable alternative for cost-conscious adult smokers who are looking for quality products.
Founded in 2011, SinglePoint invests in and acquires brands and companies that will benefit from injection of growth capital and its sales and marketing expertise. The company portfolio currently includes solar renewables, hemp and distribution tobacco products. SinglePoint is working to grow to a multinational brand.
For more information, visit the company’s website at www.SinglePoint.com
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
- SING announces distribution agreement with JTI USA designed to grow market for PrimeTime Little Cigars
- SinglePoint debuts, takes orders for Little Cigars at preeminent marijuana business conference
- Global cigar market is currently $10 billion and forecasted to grow at a CAGR of 4.23% from 2019 to 2024
SinglePoint Inc. (OTCQB: SING), a company that specializes in acquisitions of small to mid-sized companies with an emphasis in new technologies, announced that it has inked a new distribution agreement with JTI USA that could significantly grow the footprint of PrimeTime™ Little Cigars throughout North America (http://nnw.fm/5PmdO).
“I’m excited and honored to be working with JTI to distribute PrimeTime Little Cigars,” SinglePoint CEO Greg Lambrecht stated in a news release. “The opportunity to work with a global leader in this category is exciting, and we are ready to expand Primetime’s U.S. market share with our unique experience in alternative markets. Having placed premium cigars in over 30,000 accounts, we expect this opportunity to be one of our major revenue sources in coming years, and to distribute additional JTI products as we grow this category.”
Shortly after announcing the distribution agreement, SinglePoint took its first step in its new distribution role, debuting the PrimeTime Little Cigars at the 2019 MJBIZCON show, held last week in Las Vegas. At the show, SING showcased PrimeTime Little Cigars and took its first orders for the product. SING expects the exposure gained and orders taken at the show will lead to additional distribution and alternative-market possibilities.
“We are excited to be working with SinglePoint,” added Renee Duszynski, director of sales for JTI. “SinglePoint CEO Mr. Lambrecht’s prior experience in distribution of premium cigars, we believe, will lead to continued growth of JTI USA products and the PrimeTime brand.”
Part of the JT Group of companies, JTI USA is a multibillion-dollar organization with international presence in 130 countries. As a distributor for JTI, SinglePoint will play an important part as it supports JTI’s efforts to grow the distribution and sales of PrimeTime Little Cigars. According to Mordor Intelligence, the global cigar market is currently $10 billion and forecasted to grow at a CAGR of 4.23% from 2019 to 2024.
Recognized as the best-flavored little cigars on the market, PrimeTime Little Cigars are available in cherry, grape, vanilla, and peach. This high-quality tobacco product line provides a valuable alternative for cost-conscious adult smokers who are looking for quality products.
Founded in 2011, SinglePoint invests in and acquires brands and companies that will benefit from injection of growth capital and its sales and marketing expertise. The company portfolio currently includes solar renewables, hemp and distribution tobacco products. SinglePoint is working to grow to a multinational brand.
For more information, visit the company’s website at www.SinglePoint.com
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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