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.


Bitcoin and Cannabis: Where the Action Is

A trader’s job is never easy. That’s true almost by definition. But one key lesson that most every trader learns quickly is: Go where the action is. 2017 has been an interesting year thus far. Our job today is to take a closer look at two of the most interesting and most talked-about market spaces: Cannabis and Bitcoin. But first, let’s put things into context.

The year got started with one theme dominating the action: the recent election of Donald Trump as the 45th President of the United States of America. That event completely redefined global financial markets as investors began to anticipate a strong-handed push for widespread deregulation, huge tax reforms, and a massive infrastructure-centric fiscal stimulus meant to supercharge economic growth. The markets also shifted in anticipation of a US trade policy geared toward protectionism and a “zero-sum” view of global relationships – ie, that there are winners and losers, rather than better versus worse global outcomes. It’s a bit like going from a mentality that concerns itself with the size and quality of a pie to one that concerns itself with how big a slice we get on our plate.

However, while all of that stuff was dominating the headlines in the Wall Street Journal and Financial Times, two other trends were starting to take over the spotlight among small cap growth investors.

On the same day that the crown was pressed down on Trump’s head, 9 states went to the ballot boxes in the US to vote on marijuana legislation, with 8 of them passing measures to drastically increase the legality of marijuana use across the US. We saw this rally power most of the leading plays in the space, including 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).

Several weeks later, investors learned that legislation was coming in Canada to fully legalize marijuana for both medical and recreational use on a nationwide basis. That most directly impacted a number of leading Canadian cannabis plays, 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), among others.

That news formed the backdrop for some truly explosive action among a broad group of stocks in the cannabis patch.

Now, it seems as though we are starting to see some similar action for stocks involved in the Bitcoin market space. The value of Bitcoins, in dollar terms, has exploded higher, nearly tripling in the past 3 months. And several related stocks and asset plays are ripping right along with it. The best way to gauge (or, indeed, to impact) interest in any security is through allocation. And this is often a two-way street: allocation grows as accessibility increases; and accessibility increases as interest (allocation) grows.

It’s what we call a “self-reinforcing feedback loop”. That’s what we are seeing here between bitcoin and Bitcoin Investment Trust (OTCMKTS:GBTC). In fact, as we see it, the marketing work has been done sufficiently to get the process of that feedback loop going. All that’s necessary is a vehicle with tons of liquidity and accessibility, and public allocation (and interest) in bitcoin will have an avenue of mass appeal and growth.

GBTC is making a bid to be that vehicle with an active application to become an official “commodity trust Exchange Traded Product”. Will regulators finally allow a super accessible big board bitcoin ETF?

The last two such attempts were thwarted for a very specific reason: The SEC has ruled repeatedly that a commodity trust, in order to qualify as a potential exchange traded product, must have two characteristics.

First, it must have surveillance-sharing agreements in place if it is an international asset (which bitcoin most certainly is, and which bitcoin most certainly does not). And second, it must be a “regulated” market (which bitcoin is not). Hence, unless a whole lot changes, GBTC will not IPO as a big board Bitcoin ETF. That said, for many average investors and market participants, there simply isn’t an easy way to feel comfortable betting on Bitcoin. And GBTC allows for such a move.

There are a few other accessible Bitcoin stocks to watch as well: BITCOIN SERVICES I COM USD0.001 (OTCMKTS:BTSC), FIRST BITCOIN CAP COM NPV(OTCMKTS:BITCF), WPCS International Incorporated (NASDAQ:WPCS), UBI Blockchain Internet Ltd (OTCBB:UBIA), and MGT Capital Investments Inc. (OTCMKTS:MGTI).

Marijuana Medical

Can United Cannabis Corp (OTCMKTS:CNAB) Extend Its Gains?

United Cannabis Corp (OTCMKTS:CNAB) offers intellectual property, trusted brands, patent-pending technology, technical training, clinical data, sales tools, and processes required to help client’s businesses. The firm’s ACT Now Program uses its patent-awaiting Prana Bio Nutrient Medicinals with a ‘HIPPAA’ acquiescent electronic health record software.

It allows physicians to advance comprehensive sequencing charts explicit to their patients’ health problems. The ACT Now EHR software permits for global monitoring, effective CBD therapy protocols and patient management. Unique to United Cannabis is its strong scientific plan to advancing cannabinoid medicines.

The buzz

As per the management, United Cannabis had retired its unpaid notes, established an increasing revenue source from its Prana offerings, and entered numerous strategic relationships. The firm’s Prana Bio Nutrient Medicinal offerings are advanced to help supplement deficiencies linked to the endocannabinoid system including neuropathy, pain, IBS, autism, arthritis, MS, sleep, anxiety, seizures, eczema, head trauma, clinical endocannabinoid deficiencies and opioid dependency.

The firm’s short term plan comprises licensing the technology linked with its products to entities which are licensed to cultivate and sell medical pot in states where medicinal marijuana is approved. As of July 31, 2016, United Cannabis had signed license deals with two firms. It is progressing with a fixed funding commitment by Tangiers Global, LLC.

This amount, which now stands at $10 million was initially set at $5. However, in the first week of January Tangiers Global has increased the commitment. The funds would boost expansion, support clinical trials and subsidize working capital. It makes a remarkable investment candidate with its major competency remains in its management, Prana line, strategic associations in the U.S. and Jamaica, IP portfolio, and comprehensive product pipeline.

As per the Tangiers Global management, the funding commitment was increased based on latest performance of the firm and the expansion plan. Also, additional funds would allow the company to achieve a healthy growth rate.


United Cannabis Corp (OTCMKTS:CNAB)’S Investor Doubles Commitment To $10 Million

United Cannabis Corp (OTCMKTS:CNAB) recently announced that its investor, Tangiers Global expanded its Fixed Funding Commitment by double the amount. The investor’s stake in United Cannabis Corp has gone up to $10 million from $5 million earlier, thereby enhancing the worth of company.

Tangiers Global is convinced with United Cannabis Corp’s expansion strategy

Tangiers Global’s managing partner, Justin Ederle said that their company made an additional analysis of United Cannabis Corp’s recent performance. Happy with the expansion strategy of this company, Tangiers Global decided to double the Fixed Funding Commitment for the company. Larger investment order was the next step, according to the managing partner of Tangiers Global.

Why did this investor decided to go twice the amount it presently has invested in the company? To this, Justin Ederle believes that United Cannabis Corp needs additional funds at the moment, so as to accelerate the growth. This prospect of growth is needed and could be curtailed due to capital reserves constraint. Being a private fund, Tangiers Global found it, its responsibility to fetch a lending hand.

On being at the riskier side, Justin Ederle stated that this was the biggest advantage of being private fund firm. When there is an opportunity that seems similar to this, the Tangiers Global was free to make a move.

Expansion is on the cards for United Cannabis

Delighted over Tangiers Global’s double commitment to his company, the CEO, Earnest Blackmon believes that his company has so far been good in terms of progression. There were lean times when fund operation was low. This required selling of stocks to assist fund operations. However, the company claims to have a commitment towards expansion. At present, United Cannabis Corp is aiming to enter new markets through products and new opportunities.

It would be interested to see this company diversify its portfolio or step a foot in newer markets with additional funds to take the big leap.

Marijuana Medical

United Cannabis Corp (OTCMKTS:CNAB) Updates On Its Latest Fixed Funding Commitment

United Cannabis Corp (OTCMKTS:CNAB) reported that Tangiers Global, LLC has provided the firm with a Fixed Funding Commitment for up to $5 Million. Earnest Blackmon, the CEO, stated that it is remarkable way to close the year! They have retired their outstanding notes, built an increasing revenue stream from their Prana products, and finalized into several strategic associations.

This commitment from Tangiers provides the company the necessary financial resources required to advance many expansion assignments they are pursuing, most remarkably the launch of their new extraction services and products and the initiation of clinical studies on their Prana line.

The expert view

Justin Ederle, the Managing Partner of Tangiers Global, reported that they are extremely active in the cannabis industry and are always seeking for innovative firms with strong growth prospect over the long-term. United Cannabis’ plan to the market led them an extremely attractive investment candidate. They are extremely impressed with management team, Prana line, strategic associations in the U.S. and Jamaica, product pipeline and intellectual property portfolio.

They are confident that their investment will offer United Cannabis the capital required to capitalize on the various opportunities accessible to them and they look forward to associating with them in that endeavor.

The firm’s Prana Bio Medicinal products offer patients a way to match/mix cannabinoids for therapeutic means. These products, licenses to legalized marijuana dispensaries, are segmented into 5 categories that are offered in sublingual’s, capsules, and topical delivery ways. The firm uses a patent-pending infusion procedure using select lipids, fatty acids, and specific combinations of cannabis resultant terpenes to improve bioavailability.

In the last trading session, the shares price of United Cannabis declined over 3% to close the day at $1.69. The decline came at a share volume of 829,561 compared to average share volume of 480,461. This has brought the market cap of firm to around $80 million.


New Age Farm Inc COM NPV (OTCMKTS:NWGFF) Launches New Washington Green Campus Plant

There is no doubt that marijuana stocks rallied into the vote. The hype around marijuana stocks finally ended with most the marijuana sector companies experiencing a major correction including United Cannabis Corp (OTCMKTS:CNAB) that dropped from a 52 week high of 3.35 all the way to a dollar. Terra Tech Corp (OTCMKTS:TRTC) is another marijuana stock that fell from 40 cents and since then has been recovering. This brings our attention to late bloomers like New Age Farm Inc COM NPV (OTCMKTS:NWGFF) that is currently on the uptrend. NWGFF has recently completed the construction of its new eco-friendly, 5,600-square-foot marijuana production plant at the Oroville, Washington Green Campus.
The new production facility can accommodate the growing, curing, trimming, and storing of the company’s cannabis products. Formal operations for the the company’s I-502 Tier 3 licensed tenant-grower are set to begin on Wednesday as advised by New Age Farm onsite Master Growers. The I-502 Tier 3 license enables tenant-growers to make up to 30,000-square-foot plant canopy.

According to the Master Growers, the initial harvest can be expected about 90 days following the initial planting of seeds. After this, continuous harvest can be expected every 30 days.

“We are extremely pleased that our Master Growers and operations crew continue to meet and exceed expectations helping us achieve this truly significant milestone at our Washington State Green Campus facility that our growing company needs to attain our strategic goals,” emphasized Carman Parente, New Age Farm CEO and President.

The Master Growers’ knowledge and understanding of the marijuana production industry is backed by more than five decades of combined experience when it comes to commercial cannabis products. Their compelling marijuana production program guarantees an efficient way to maximize the new resources of New Age Farm. As a result, the company can expand its monthly production rate to roughly 1,600 lbs. of flower. With an average selling price of $1,250 per 1 lb. of Marijuana in Washington, at this rate, would bring annual sales to about $24 million.

Earlier this month, New Age Farm has named David Johnson as the newest member of its Board of Directors. With his appointment, the company hopes to tap his expertise in corporate and intellectual property (IP) laws. Parente believes that Johnson will become a valuable asset for New Age Farm as a corporate counsel, citing his years of experience in the field. Specifically, Parente expects Johnson to play a significant role in closing the spinout of NHS Industries Ltd. and in other legal matters. On Friday, New Age Farm had a healthy pull back with another rally expected this week.

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