AFG Distribution to Expand Sales for SinglePoint Brand 1606 Original Hemp Filtered Pre-Rolls Throughout 8,000 Retail Accounts

Phoenix, AZ, Dec. 06, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- 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.