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Marijuana

SinglePoint, Inc (OTCMKTS:SING) Announces The Remarkable Performance Of Its Hemp™ Cigarettes

SinglePoint, Inc (OTCMKTS:SING) is pleased about the success it witnessed at the 2019 National Association of Convenience Stores Show (NACS). The company sold multiple cases. It says the demand for Pure American Hemp™ Cigarettes has shot up. This business guru vows to do all within its means to ensure it adequately serves this demand and also reaps the high revenues.

Research findings

 The Arcview Market Research projects and BDS Analytics have been conducting market research in the U.S. They estimate that by 2024, the collective market for CBD products will have surpassed $20 billion.

On the other hand, the New York-based investment bank Cowen & Co points to a figure of about $15 billion by 2025. The lead researcher for this body says the smokable hemp market at the moment is representative of about 2% of the entire CBD market. However, it has witnessed a 250% growth between 2017 and 2018, and he thinks the future is even more promising.

A Chicago-based cannabis market research firm Brightfield Group is the other one that has unveiled its findings. According to its research, the dried and smokable hemp flowers are performing quite well. The body has rated it as one of the fastest-growing segments in the whole CBD market.

Importance of the event

SinglePoint is pleased that the event also had it interact and share a lot with the representatives of the various stores that bought from it. These retail owners represented about 2500 stores. The others that the company interacted with included some buying groups and national distributors who were linked to about 20,000 retail locations. There is a massive demand to be met, and the business giant has already ordered additional products.

It was in the previous year that the 2018 Farm Bill was passed, and the CBD hemp flower mainstreamed. It was a transformative moment because the market for hemp cigarettes that fall under the innovative products category has gone up. SinglePoint says it is making major investments in efforts to add more reliable suppliers. Such suppliers are necessary for the company to succeed in its efforts to move its wide range of products. The company is pleased to be rated as one of the dominant players in the market.

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Marijuana

SinglePoint Inc (OTCMKTS:SING) Poised For More Growth In Future

In a June 6th press release, SinglePoint Inc (OTCMKTS:SING) announced the completion of the production of their crypto wallet commercial that featured the original Shark Tank member Kevin Harrington which was aimed at introducing their new product to the market. According to the release, the eventual intention of the commercial was to attract more users to their platform as well as to “provide an educational document and help those interested in Bitcoin and crypto become more familiar and comfortable with it.”

The effort seems to be paying off. In another release August 8th, the company provided a revenue update alongside other updates and the numbers are nothing but positive. Per the statement, over the past year, the firm has successfully integrated its acquisitions and as a result, it has been able to report revenues of over $188,000 for Q1 of 2018.

Successful acquisitions

The past year, the company reported a number of acquisitions that have been finalized with the sole aim of angling the whole business for profitable times ahead. The release reveals that the acquisitions have been crucial in the company being able to “build a solid financial base” and that the company is putting in more effort to grow the business. There is a lot hope in the company, as evidenced by the release, that the growth it is experiencing will continue “both organically and with larger investments and or acquisitions” which the firm believes that it will further solidify the current positive financial position.

Solid base

In comments accompanying the press release, Greg Lambrecht, CEO of SinglePoint, expressed his belief that the positive numbers seen at the moment are as a result of a lot time, effort and money that was put in the company during the last year. Per the CEO, “We built a solid base throughout 2017 and have been building upon that in 2018 which has led to SinglePoint starting to generate a major increase in revenue compared to previous years. We are looking to acquire companies that are cash flow positive. This will give SinglePoint the ability to operate and continue taking risks in hyper growth opportunities.”

The company also announced the successful completion and filing of the company’s Form 10 Registration Statement with the Securities and Exchange Commission which will enable the company build a credible reputation in the eyes of investors.

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Business

SinglePoint, Inc. (OTCMKTS:SING) Receives LOI to Takeover Phoenician Engineering

SinglePoint, Inc. (OTCMKTS:SING)  has received a letter of intent to takeover Phoenician Engineering. Following the takeover, the three trademarks, nine issued patents, and additional pending patents to the asset class of SinglePoint.

Chief Executive Officer of SinglePoint, Mr. Greg Lambrecht said the company has confidence in the founders of Phoenician. The founders have developed a scalable and sustainable business. Working with the founders and bringing the business to next level is quite easy for SinglePoint.  SinglePoint can utilize the e-commerce knowledge, funding and along with the product line of Phoenician to improve revenues by almost five times in the next one and a half year.

Chief Executive of Phoenician, Mr. Colton Dukat said the company is excited to work with SinglePoint. The merger brings an opportunity to work together and add more value to the business and shareholders.

The two year audit of SinglePoint has been completed and is preparing to submit Form 10 Filing with SEC. Form-10 filing will provide more funding to the company to grow the business.

Phoenician is engaged in offering commercial grade equipment and consumer products. The company is currently offering medical grade grinders for the customers. It plans to unveil commercial grade grinders in the near future. Phoenician grinders are available in red, gold and black colors. Apart from dispensing in the US, the company also sells the products to nations worldwide. It is one of the reputed brands in the market for lifetime guarantee and good quality.

Following the merger, the company will continue to grow with SinglePoint. SinglePoint will utilize its expertise in online advertising and e-commerce arena to grow the business of Phoenician.

ShieldSaver, a subsidiary of SinglePoint, Signs Pact with CarFax

ShieldSaver, which is a subsidiary of SinglePoint, has entered into a pact with CarFax to pull out the data from the CarFax system and enhance efficiencies within its mobile application. The company also sends detailed information to the CarFax. The company is its footprint across the nation by establishing alliances with LAZ Parking and WallyPark, the international airport parking lot companies.

License Plate Recognition (LPR) technology is being used by ShieldSaver to collect vital consumer and automotive data on large scale. This data is shared with firms like insurance providers for legitimate need.

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Business

SinglePoint, Inc (OTCMKTS:SING) Sets Out To Recap Major Initiatives

SinglePoint, Inc (OTCMKTS:SING) has today moved ahead to launch its third video of the year and the management has rushed to recap the major events and also served the various shareholders with the much needed insight in line with the progress of the company.

As at the moment, the company is attending the 30th Annual ROTH show and it will be seeking out to establish the additional collaborations and opportunities as well with some of the top innovative companies nationwide.

Basically, the ROTH Capital Partners, LLC (ROTH), is an investment bank which has over the years focused on providing the various investors as well as the emerging growth companies with topnotch services. Operating as a full-service investment bank, ROTH dedicates itself to the delivering corporate access services, market-making services, trading, analytical research and above all the M&A advisory.

An official working with SinglePoint, Inc takes immense pride in the fact that as accompany they have succeeded at achieving quite much in terms of business achievements. He asserted that it was not a joke rising from being a full-service mobile technology provider, way up to becoming a publicly traded holding company. He said that they had diversified in the horizontals markets and would soon be undertaking to build their portfolio in a major way, one of the means being the acquisition of interest in the wide range of the undervalued subsidiaries. It will be about doing all that it takes so that by the end of the day the company succeeded on its quest to provide a rich, diversified holding base.

In other news, SinglePoint has moved ahead to unveil its Cannabis Payment Solution not forgetting the move to serve its shareholders with the most recent company’s updates. The company has much of its focus directed at the financial technology solutions and the striking of alliances with a wide range of other firms, a move that continues to help it develop an edge over rivals. It hopes that by next year it will have made positive step s forward in line with increasing the profile of blockchain know-how.

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Marijuana

Singlepoint Inc (OTCMKTS:SING) Making A Place In The Marijuana Market

NetworkNewsWire reported the publication of an editorial showcasing Singlepoint Inc (OTCMKTS:SING), a customer of NNW focused on solidifying its position in the marijuana market through investment in, or the acquisition of, or small- to mid-sized cannabis firms.

The buzz

SinglePoint focus remains on financial technology solutions via collaborations with other firms. The company is also working to increase the profile of blockchain know-how through an association with entrepreneur and SharkTank veteran Mr. Kevin Harrington, the brain behind 20 firms with combined revenues of more than $100 million and whose public profile will assist bring company’s services to a broader market.

Several of SinglePoint’s financial offerings are geared toward the cannabis industry, a growing segment that has been under-boosted by the conventional finance market. Cannabis sales are now approved in 29 U.S. states; however, vendors find it hard to access conventional banking systems. SingleSeed Payments service offers cannabis suppliers with secure payment systems, enabling these suppliers to approve payment ways other than cash. The firm is also utilizing blockchain to back additional components of the supply chain, counting inventory tracking and deliveries, and informing consumers about offerings and ensuring that operations fulfill stringent regulatory requirements.

SinglePoint has a joint-venture deal with Smart Cannabis Corp. to market and license the SMART APP, which is an industry specific app that allows growers to control entire businesses from a mobile device. Among other measures, the firms are collaborating to integrate company’s bitcoin payment solution into the application and finalize a track and trace solution using blockchain.

SinglePoint has cultivated from a full-service mobile knowhow provider to a publicly traded holding firm. Through diversification into horizontal segments, the company is advancing its portfolio by buying a stake in undervalued subsidiaries, hence offering a rich, differentiated holding base. Through its subsidiary firm SingleSeed, the firm is offering services and products to the cannabis market.

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Business

Singlepoint Inc (OTCMKTS:SING) Making A Buzz

CannabisNewsWire published an editorial featuring Singlepoint Inc (OTCMKTS:SING), a client of firm focused on strengthening its place in the marijuana market through the investment in, or acquisition of, small to mid-sized cannabis firms.

The details

Singlepoint is one firm that has found interesting applications for bitcoin as a way to help solve banking concerns within the U.S. cannabis industry, another investment segment that is currently growing with no end to its development in sight. Despite this, firms in the cannabis market are currently blocked from accessing conventional banking services in the United States due to the Controlled Substances Act, which states pot as a schedule I controlled substance.

Moreover, in U.S. states where marijuana has been legalized, the firms are plagued by a lack of banking alternatives, which largely forces them to perform cash transactions. Singlepoint’s cannabis cryptocurrency offering, which is now just weeks away from introducing in beta form, could assist effectively resolve the problem

The new bitcoin exchange being advanced by Singlepoint will allow cannabis businesses to execute a user-friendly process of accepting debit and credit card payments without the requirement for cooperation from the FDIC or banks.

Singlepoint is advancing an in-house solution that will enable cannabis customers to get bitcoin at any PoS and to instantly make bitcoin-supported purchases using credit and debit cards. The company is an early-mover in getting such technology to the United States, and its bitcoin application will be entirely KYC-AML compliant. Users can sign up at the point of sale or create an account online.

Singlepoint’s offering will further help cannabis dispensaries by allowing them to upload inventory-related data, like product descriptions and pictures, and digitally track their inventory. The product will be automatically deducted from the cannabis dispensary’s inventory listings, after it is bought by customer. This new payment exchange will certainly be a gain for the cannabis market.

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