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Singlepoint Inc (OTCMKTS:SING) Continues to Take a Multifaceted Approach

Singlepoint Inc (OTCMKTS:SING) is a holding company specializing in the acquisition of small to mid-sized companies with an emphasis on new technologies. In recent months, we see this company as increasingly a play on the cannabis patch as part of its pivot away from an emphasis solely built around mobile communications. This pivot has pushed share values higher primarily due to the company’s experienced management team and the clear growth trend inherent in the cannabis business.

New Frontier Data, a cannabis market research and analytics firm, presented its 2017 annual report recently, which mapped out state-by-state sales to $24.5 billion in 2025 and projecting that cannabis industry employment could top 255,000 jobs within three years, New Frontier has joined other prominent analysts in signaling huge promise for the pot industry. But the company has also made headway as a holding company with an aggressive bearing in the market for umbrella brand exposure. If you’re not familiar with this name, here is a quick precis.

Singlepoint Inc (OTCMKTS:SING), according to its press materials, has grown from a mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base.

Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry. Convectium was founded in October of 2013 and based in South Orange County, California. Convectium does not touch plants; its branding, packaging and equipment solutions help grow the companies that do according to the company.

Singlepoint Inc was formerly known as Carbon Credits International, Inc. and changed its name to SinglePoint, Inc. in February 2013. The company was founded in 2006 and is headquartered in Phoenix, Arizona.

Getting the Story Straight

As noted above, the company has found “key player” status in the cannabis space with its moves in SingleSeed and Convectium.

The company recently funded Convectium, the developer of a unique oil filling machine and a leader in the cannabis market space. Convectium sells a line of products on its website, www.Convectium.com, and sells its industry leading machines at 710shark.com. The machine will soon be available on SingleSeed.com as well. SING’s stake in Convectium represents a top line growth driver for the company that could reach $3.5 million in sales during FY2017, representing an increase of 150% over its FY2016 revenue.

In addition, the company’s CEO, Greg Lambrecht, is already becoming seen as one of the go-to industry leaders in terms of voice and prominence, which is not something to be taken lightly. This is evidenced by the fact that Forbes magazine recently sought Lambrecht out for expert commentary and opinion in a recent piece on the impact of Trump administration views and PR where the cannabis industry is concerned in North America: “The current administration has made it very clear they would like to empower the states and Trump has even stated his belief in how medical marijuana can help people. We believe the administration will stick to their word on empowering the states. In Phoenix we have many medical shops, none of which have relayed to us that they are being impacted yet by the administration. The biggest impact the current administration can have in favor of cannabis in the near term would be to give guidelines on how this business can be banked.” (Greg Lambrecht via Forbes)

But that’s just one of the storylines here.

The other is something similar to a miniature Berkshire Hathaway. SING seeks to provide shareholder value by engaging in value-added M&A. In other words, they look to acquire subsidiaries where they find extra value given inside management expertise and synergies with other subsidiaries.

Lambrecht states, “This is an exciting time for SinglePoint. We continue to increase value for our shareholders by focusing on acquisitions while strengthening inside sales and fund raising. We expect 2017 to be a great year for SinglePoint and look forward to providing additional updates on future acquisition targets, joint ventures, and new products.”

The other storyline, as noted above, is about SingleSeed.com, which seeks to engage in “the online sale of cannabis products to cannabis dispensaries.” Leveraging key distribution agreements and a highly-integrated marketing plan, SingleSeed is expected to drive significant sales this year.

“The long-term vision is to build SingleSeed.com into a market-place for dispensaries to buy the products they need to do business,” says Lambrecht. “SingleSeed will also provide consulting services to cannabis businesses who need help gaining traction and success in their strategies.”

To wrap things up, we would note that one might combine the prior ideas and get somewhere still more interesting: SinglePoint is currently in negotiations for more acquisitions in the cannabis space, a market expected to reach $24.5 billion by the year 2025.

 

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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).

 

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