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- 1606 Corp. Now trading on the OTC under the symbol “CBDW”.
- Company as 1-to-1 distributor for SinglePoint Inc.
Phoenix, February 6, 2023 /PRNewswire/ — www.singlepoint.com (OTCQB: SING) (“SinglePoint” or the “Company”), a provider of renewable solar energy and sustainable solutions, announced today that the Company has begun trading under the symbol “1606 Corporation” (OTC: CDW) in its first offering to shareholders. CBDW” after completing all necessary documents.
Single Point Inc. CBD terminated its operations and distributed its shares to its common shareholders April 2021 According to the plan to focus on solar energy, energy storage and sustainable solutions. After the post-distribution, 1606 Corporation became an independent operating company with its own management team and staff and is a growth-oriented provider of health and wellness products. 1606 Corporation started trading in OTC markets January 17, 2023. CBD.Inc and 1606 Corp. By consolidating the fragmented CBD industry through acquisitions, they accumulate a diverse portfolio of CBD products and companies.
Will RalstonSinglePoint’s CEO said, “We are pleased to see that our initial spin-off for shareholders is listed on the OTC and actively trading. CBDW/1606 Corp. fits into our plans going forward. Possible future divestitures allow SinglePoint to focus on core business units, reduce management focus, generate revenue. We are committed to focus our efforts and resources on our current core business units (solar power and indoor air filtration) and identify additional and additional acquisition opportunities that fall within our strategic criteria.
Ralston continued, “We are executing on our plan to drive long-term growth and are fortunate to have recent historic federal funding for clean indoor air, solar, renewable energy and unprecedented multi-year tailwinds in the market. Energy Storage: We are focused on preparing for a successful national exchange, which we believe will provide greater access to the right institutional investors, allowing the company to continue its aggressive execution of our target acquisition strategy. It will focus on streamlining operations and streamlining our resources and providing a clear snapshot of our true market value by clarifying our business offerings going forward and taking necessary corporate actions. , Transformational Business Opportunities.”
About SinglePoint Inc. (OTCQB:SING)
SinglePoint is a sustainable lifestyle company focused on the solar energy and storage and home air filtration markets. The company plans to build the largest network of renewable energy solutions and modernize the traditional solar power and energy storage business model. Singlepoint continues to implement its acquisition strategy, exploring future growth opportunities in indoor air conditioning and ventilation, electric vehicle charging, solar as a subscription service, and additional energy efficiencies and utilities that promote sustainability and healthy living. For more information, visit the company’s websites: www.singlepoint.com, www.bostonsolar.usAnd www.bpasolutions.com.
About CBD, Inc. (OTC:CBDW)
1606 Corp acquires and produces CBD brands including Truz and CBD Singlez (www.1606hemp.com). The company uses an acquisition model aimed at consolidating the fragmented CBD industry. 1606 Corp mainly focuses on hemp and CBD products, brand development and establishment of distribution channels. 1606 Corp. Awarded the CBDW logo January 12, 2022and began trading on the OTC market January 17, 2023. Corporate Websites — www.1606hemp.com And www.CBD. Inc.
Forward-looking statements
Certain statements in this news release may contain forward-looking information under Rule 175 of the Securities Act of 1933. 3 b-6 are subject to the safe harbor established by the Securities Exchange Act of 1934 and these regulations. All statements, other than factual statements contained in this release, are forward-looking statements that include, without limitation, revenue projections, financial prospects, the Company’s potential plans and objectives, expected growth and future expansion, risks and uncertainties. . There can be no assurance that such statements will result in accurate and precise results, and future events may differ materially from those anticipated in such statements.
Technical and other complications that may arise may prevent any strategically important plan(s) listed above from being quickly implemented. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
Investor Relations:
Tra-Digital IR
[email protected]
(212) 389 – 9782 ext. 107
Source: SinglePoint Inc.
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