NetworkNewsBreaks – SinglePoint, Inc.’s (SING)
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Posted On: 07/02/2020 3:35:33 PM
NetworkNewsBreaks – SinglePoint, Inc.’s (SING) 1601 Original Hemp Revenue Jumps 133% in Q1 2020
SinglePoint (OTCQB: SING) recently reported its quarterly financials for the period ending March 31, 2020. Among other highlights, the company’s Hemp cigarette brand, 1606 Original Hemp, experienced a sharp climb in sales, with revenues rising 133% in Q1 2020 compared to the previous quarter. (http://nnw.fm/A6GOy). An article discussing the company reads, “SinglePoint’s hemp subsidiary enjoyed a similarly successful start to the year with the company announcing that its hemp cigarette brand, 1606 Original Hemp, had reported a sales growth rate of 133% in the first quarter relative to the previous three months, while early indications of second quarter sales suggested that revenues had risen by a remarkable 233% month-on-month in May versus April. The pre-rolled organic hemp cigarette brand was launched to much fanfare at last year’s MJBizCon Conference in Las Vegas (http://nnw.fm/BZzd3) and represented SinglePoint’s attempts to break into the combustible hemp segment – a sector which is currently the second fastest growing sub-category within the $4.6 billion industrial hemp market (http://nnw.fm/4w1BE).”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
SinglePoint (OTCQB: SING) recently reported its quarterly financials for the period ending March 31, 2020. Among other highlights, the company’s Hemp cigarette brand, 1606 Original Hemp, experienced a sharp climb in sales, with revenues rising 133% in Q1 2020 compared to the previous quarter. (http://nnw.fm/A6GOy). An article discussing the company reads, “SinglePoint’s hemp subsidiary enjoyed a similarly successful start to the year with the company announcing that its hemp cigarette brand, 1606 Original Hemp, had reported a sales growth rate of 133% in the first quarter relative to the previous three months, while early indications of second quarter sales suggested that revenues had risen by a remarkable 233% month-on-month in May versus April. The pre-rolled organic hemp cigarette brand was launched to much fanfare at last year’s MJBizCon Conference in Las Vegas (http://nnw.fm/BZzd3) and represented SinglePoint’s attempts to break into the combustible hemp segment – a sector which is currently the second fastest growing sub-category within the $4.6 billion industrial hemp market (http://nnw.fm/4w1BE).”
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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