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Marijuana

Direct Solar America, A Subsidiary Of SinglePoint, Inc. (OTCMKTS:SING), Continues To Drive New Business In 2020 With New Sales And Marketing Initiatives

Director Solar, a subsidiary of SinglePoint, Inc. (OTCMKTS:SING), is gaining new business in 2020 with its sales, and marketing initiatives begin to offer more leads. The company developed a new contract last week because of improvements in customer service, efforts of canvassing teams, and partnership channels.

Posts impressive gains

Founder and Chief Executive Officer of SinglePoint, Greg Lambrecht, said the company is committed to improve the business of Direct Solar and continue the development. With states quickly introducing incentives, the company will act quickly and explore the viability to decide to roll out new teams in that region. Solar is a hot topic and the driving factor and helps the company to expand its business rapidly. Direct Solar has posted revenues of $2 million in the last six months.

SEIA declares 2020 as the solar decade

SEIA (The solar energy industries association) has declared 2020 as the solar decade. Abigial Ross Hopper, Chief Executive Officer, and President, the solar industry, will be the main source of energy this decade. Clean energy technologies such as solar will improve economies and reduce green gas emissions. The solar installations in the US in Q1 2019 have exceeded 2 million.

The solar installations are expected to increase to 3 million next year and 4 million in 2023. It is on the backdrop of improved environmental awareness and reduced installation costs. Renewable solar energy is economical and a substitute for conventional energy sources.

SinglePoint appoints a new CFO

SinglePoint has appointed Corey Lambrecht as the Chief Finance Officer to support revenues expansion. The company will also focus on expanding the footprint for Direct Solar. He also invested in LifeStyle Wireless before joining SinglePoint. Corey also served on the board of LifeStyle after it gets merged with Carbon Credits International.

President of SinglePoint, Wil Ralston, said the company is excited to welcome Corey, who has a broad experience, to support its existing management team and improve shareholder value. He said Corey has a solid experience in strategic acquisitions, sustainability, and new business development. Corey’s presence will help to scale up the solar business. The recently acquired Direct Solar continues to provide promising results. 

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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) Targets Cannabis Industry with Safe, Secure, and Convenient Payment Processing via Cryptocurrencies

SinglePoint, Inc. (OTCMKTS:SING) has been providing the cannabis industry with a variety of services through its SingleSeed subsidiary over the past several years, but they are preparing their greatest service to the industry yet: cryptocurrency payment processing support.

The cannabis industry is under constant threat of federal regulation, which makes traditional financial institutions like banks hesitant to work with cannabis businesses. SinglePoint is developing a payment processing solution that deals with Bitcoin and Ethereum, which provides transparency, security, speed, and convenience to handling payments, as well as giving companies a place to keep their hard-earned revenue. The cannabis industry has been largely cash-based for years, and this creates security threats. Virtual payment options, backed by the ledger that blockchains provide, will be able to protect many of these businesses from the threat of being robbed for their cash in person. It will also provide in-depth records on each transaction and help protect businesses in the event of an IRS audit.

With SinglePoint filling the payment processing gap with a safe and secure solution, they could quickly gain steam as the de facto standard for how cannabis industry payments are made. The company has already begun work on its Bitcoin processing framework, having started developing a solution back in 2014. They just engaged a recruiting firm from the bay area of San Francisco to help hire top Bitcoin software engineers. This will expedite the launch and help SinglePoint fill the market need before another company has the opportunity to step up to the challenge.

Notable Cannabis stocks to watch include the north american marijuana industry players such as Cannabis Sativa Inc (OTCMKTS:CBDS), United Cannabis Corp (OTCMKTS:CNAB), OWC Pharmaceutical Research Corp (OTCMKTS:OWCP), Cannabis Science Inc (OTCMKTS:CBIS), and Marijuana Company Of America Inc (OTCMKTS:MCOA) take advantage of a bitcoin-based payment systems, but also Canadian marijuana companies such as AURORA CANNABIS IN COM NPV (OTCMKTS:ACBFF), APHRIA INC COM NPV (OTCMKTS:APHQF), NEW AGE FARM INC COM NPV (OTCMKTS:NWGFF), and CANOPY GROWTH CORP COM NPV (OTCMKTS:TWMJF) could pioneer in the emerging Marijuana financial sector.

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Business

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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