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Business

What Is Fueling Singlepoint Inc (OTCMKTS:SING) Growth?

The decriminalized marijuana market has been witnessing strong growth in North America. Sales surged 30% in 2016, making for $6.7 billion in retail activity in the U.S. and Canada. For firms like Singlepoint Inc (OTCMKTS:SING), which recently established a JV with First Bitcoin Capital Corp., strategic marijuana-centered deals are assisting fuel corporate growth while positively impacting the availability of packaging, equipment and payment solutions for the marijuana market.

The highlights

The cannabis industry gains from the plans of American Cannabis Company Inc (OTCMKTS:AMMJ), a manufacturer of a proprietary growing source, as well as from leading firms AbbVie Inc (NYSE:ABBV) and AeroGrow International, Inc. (OTCMKTS:AERO). A closer look at the growing demand for marijuana indicates the incredible market prospect presented to publicly traded cannabis firms as they create their own niches in a growing industry.

Just a couple of weeks after the State of Nevada approved the sale of recreational marijuana in the first week of July, almost 50 dispensaries registered to sell weed witnessed short of supply. With possible tax revenue of over $1 billion on the table II, Nevada state officials announced a state of emergency to permit the creation of new guidelines that would expedite the licensing procedure to support public demand.

A report by The Washington Post asserts that more than 40,000 transactions of recreational cannabis were recorded in the days after the commencement of sales. The number of transactions indicates the state of demand, along with the need for adequate payment alternatives as customers bring their goods to the counter. As marijuana is still prohibited on a federal level, there is a denial and hesitance from most banks when it is about providing banking services to the cannabis market, giving dispensaries few options other than dealing in cash. This is the point where Singlepoint steps in.

Recognizing other opportunities in the marijuana market, the company is expanding its acquisition portfolio to establish new investment prospects and boost the availability of products, technologies and equipment to support the sector’s growth.

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Marijuana MMJ

American Cannabis Company Inc (OTCMKTS:AMMJ) Secures Contract With A New Client In Florida

American Cannabis Company Inc (OTCMKTS:AMMJ) has obtained its second client in Florida. This new customer anticipates to open a cultivation operation and numerous dispensary locations in attempt to develop a cannabis business chain. In addition, the firm will be coordinating with this new customer to deploy and remotely administer retail dispensing, infused product manufacturing and cultivation operations.

The buzz

With the latest client addition, the firm has now obtained its second consulting deal featuring the firm’s acquisition of an equity stake in the customer’s future and current business operations. American Cannabis will offer end-to-end offerings for this new customer, including conceptual design work, operational planning activities, ongoing remote management and deployment of operations.

The firm anticipates to leverage this deal to get additional revenues via long-term consulting deals and prospective sales of ancillary products. Terry Buffalo, the CEO of American Cannabis, reported that they are thrilled to be working with this specific Florida client, and having negotiated to get an equity position in their commerce.

They are delighted to now have closed two client deals comprising an equity component in support of the firm. American Cannabis is continuing to witness the tide change in the course of this type of shares stake model, and the management is actively exploring the advancement of hybrid associations like these, that generate consulting revenues as well as the prospect for recurring profits from their equity interest. They consider that this new plan will offer a beneficial long-term value to clients and shareholders.

American Cannabis delivers end-to-end solutions to aspiring and current participants in the cannabis market. It utilizes industry expertise to deliver business planning as well as market assessment services, help state licensing procurement, create operational best practices and business infrastructure. The company also advanced and boasts a portfolio of branded offerings including: SoHum Living Soils™, The Satchel™, The High Density Cultivation System™ and The Cultivation Cube™.

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Marijuana

American Cannabis Company Inc (OTCMKTS:AMMJ) Working To Expand Its Presence In the Indoor Cannabis Growing Market

American Cannabis Company Inc (OTCMKTS:AMMJ)has announced its plans to promote its proprietary product, the SoHum Living Soils, through the Cannagrow Expo, being held in Denver, Colorado. It should be noted here that the SoHum soils have been developed as a medium to provide 100% natural ingredients to the cannabis plant, for achieving genetic optimization. The company claims that the soils can provide the plant with a buffet of ingredients, both macro and micro.

With the cannabis industry expanding rapidly, there’s tremendous opportunity as the industry’s leading payment solution provider. Read more how this weed stands tall in a bright green field. 

Corey Hollister, the CEO of AMMJ, claimed that growers were moving away from measuring their success by yield volume, towards metrics such as quality and cost of production. He stated that the SoHum soils have been intended to meet these requirements of the industry, as it continues to grow. The company further stated that by using the SoHum soils, growers need not worry about complex feeding schedules or the risks from operational error.

Earlier, American Cannabis had announced the signing of a design and consulting agreement with a firm based in Canada. The agreement concerns the construction of a cannabis facility, for the licensed production of the plant, in the Atlantic provinces. The company stated that it would begin construction of the project with an indoor facility. AMMJ also noted that the firm has yet to secure a growing license for cannabis. As such, an alternative crop would be grown in this room, until the license is secured. The construction of greenhouses would follow and would continue with indoor expansion.

Mr. Hollister expressed his excitement at the contract and claimed that the Canadian market was experiencing growth and their client firm was well positioned, to grow in this market. He also revealed that the firm plans to use the SoHum soils for cannabis growing purposes. American Cannabis Company Inc (OTCMKTS:AMMJ) began trading at a share price of $1.5, at the start of the November 7 session, after having declined from $1.7 per share, during Friday’s session.

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Business Headlines

SinglePoint, Inc. (OTCMKTS:SING) – The One Marijuana related stock that the market just found

About once a year or so, something comes along that defines the action for that year. In 2016, there’s no doubt what that “something” is: The cannabis crazeMarijuana-related stocks have been by far and away the biggest thing since sliced bread so far this year. The reason? Because nearly a third of the US population will be going to ballot boxes this week and voting on the future legal status of pot in America. According to recent polling, experts expect the legal sales market for pot to triple or quadruple overnightEverything that has anything to do with marijuana has doubled, tripled, or quadrupled in the past few months. However, there’s one “pot stock” that the crowd totally missed until the company reminded the world last week that this may be one of the most interesting plays in the space. Now the crowd is starting to find SING in a big way.

SinglePoint, Inc. (OTCMKTS:SING) provides mobile technology and marketing solutions for small to mid-size businesses, nonprofits, and religious organizations. Its solutions enable clients to conduct business transactions, accept donations, and engage in targeted communication through mobile devices.

The company offers Text2Bid, a mobile bidding solution that allows users to bid in auctions from text or Web-enabled phones; Donate by Text, a solution that allows nonprofits to securely collect donations via text; Pay by Text that allows customers to pay for products using their mobile phones; and Point of Sale terminals to provide customers the convenience of using debit/credit cards right at checkout. It also provides Oomy, a solution that enables companies to track and manage their fleet vehicles, drivers, and deliveries; text mobile marketing solutions; SingleSwipe that enables customers to turn any device into a point of sale payment processor with the SingleSwipe card reader; and other solutions.

However, what really interests us is the SingleSeed segment, a subsidiary of SING focused on providing credit card processing solutions for the cannabis industry.

sing-chart

On Tuesday, nine states will be heading to the ballot boxes to cast their votes on the legislative future of marijuana. According to the polls, it should be an amazing day for businesses in the space.

Cowen & Co. has published research suggesting that the total legal sales footprint of the entire cannabis-related segment of the US economy may more than triple as result of the vote, taking it from $6.8 Bln to over $20 Bln basically overnight.

SING had occasion to announce last week that SingleSeed is awakening from a “quiet period” to take advantage of increased demand and legislative shifts within the cannabis market (See Full Press Release Here).

“This is an ideal time to actively engage the marketplace. A couple years ago we established a significant presence as one of the first merchant service providers targeting this industry, and we will be leveraging relations with existing clients to accelerate growth,” states SinglePoint CEO Greg Lambrecht. “Additionally, there are a number of other smaller companies in this space that, as part of our overall rollup initiative, we would seek to acquire.”

That’s an aggressive bearing, and it’s just what we want to see.

“Though banks and credit unions will not openly acknowledge whether or not they will open Cannabis operations accounts, more and more are deciding to be vocal about their acceptance, and our processor has extensive relationships in a fast-growing industry that has developed to a point where we are confident to proceed toward ramp-up on SingleSeed operations and initiatives. As we look to further engage the marketplace, we will work with our technology partners to develop apps which help protect the industry with a safe way to transact monies for business owners operating within the confines of state laws and guidelines set forth for banks by federal authorities,” adds Lambrecht.

Lambrecht concludes, “The bottom line, shareholders, is that we know this business, we have amassed a customer base in this business and we are prepared to aggressively enter this market with resources and legislation that were previously unavailable to us.”

As the marijuana marketplace transitions from black market to legitimate market, there are fortunes to be made by businesses well-positioned to capitalize on all the operational consequences of that transition. Banking and transaction processing may be one of the most lucrative niches in that process. At this point, the chart has exploded off its triangular base. But, gauging by some of the charts we see in the cannabis space right now, the movement we’ve seen so far in SING doesn’t even scratch the surface of what’s possible here. The most important moment in the history of the sector is coming up in about 48-60 hours. We expect this stock to be a serious player in that game. Get it while its hot!

What You Need To Know:

  • SING just got picked up by the marketplace as a player in the Marijuana mania now gripping the OTC
  • SING is one of the only plays in the banking and transaction space for cannabis-related companies
  • SING is coming out of a triangular bas on massively expanding volume, which suggests larger money starting to get involved.
  • SING just recorded a MACD Bullish explosion, suggesting a technical confirmation of a new trend to the upside.

Other notable stocks in the marijuana sector are General Cannabis Corp (OTCMKTS:CANN), MassRoots Inc (OTCMKTS:MSRT), United Cannabis Corp (OTCMKTS:CNAB), American Cannabis Company Inc (OTCMKTS:AMMJ), Cannabis Science Inc (OTCMKTS:CBIS), Medical Marijuana Inc (OTCMKTS:MJNA).

 

Please make sure to read our disclaimer at https://www.mmjobserver.com/legal-disclaimer/

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MMJ

American Cannabis Company Inc (OTCMKTS:AMMJ) Sees More Business Ahead

Nashville, TN – American Cannabis Company Inc (OTCMKTS:AMMJ) can be claimed to be among the already few marijuana focused companies that have demonstrated rapid growth in most areas of their operations. The company has chosen a path into the nascent marijuana industry that it expects to make it more profitable. Many companies are entering the legal marijuana business, but most of them are overwhelmed by the complex landscape of the industry. That is where American Cannabis Company comes in to help and generate revenue.

Consultation and services

The company operates through different segments, which mostly geared towards helping participants in the legal cannabis industry to succeed in the business. American Cannabis Company Inc (OTCMKTS:AMMJ) generates most of its revenue from consulting services but equipment and products also fetch a significant amount of revenue for the company.

American Cannabis Company Inc (OTCMKTS:AMMJ)’s business approach is so advantageous that clients that are coming for consultation end up ordering for equipment as well, leading to quick growth of the business.

$35 billion industry

According to a market report by GreenWave Advisors, the legal cannabis industry will soon be a multi-billion dollar business. The researchers anticipate that the U.S. legal marijuana industry could be worth about $35 billion if the substance is legalized across the 50 states and at the federal level. However, even if it is not legalized by the federal government, the industry could still reach about $20 billion by 2020.

Several states have already passed laws to lift the prohibition on marijuana, and some more are expected to legal cannabis in the coming year.

The already legal cannabis markets have helped American Cannabis Company Inc (OTCMKTS:AMMJ) to improve its performance over a short period. The company reported $482,000 in revenue in the most recent quarter, 3Q. That was a significant improvement considering that the company generated just about $20,605 in revenue a year earlier. Additionally, the company earned a net income of $75,238 in the latest quarter, compared with a loss of $181 a year ago.

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