Singlepoint, Inc. (SING)

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Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Tue Aug 22, 2017 5:21 pm

Cannabis and Cryptocurrency: The Time Is Now

NetworkNewsWire Coverage: Two booming markets are intersecting in the United States right now: legal cannabis and bitcoin. America’s cannabis market is predicted to reach a valuation of up to $50 billion by 20261, and the value of bitcoin reached record highs in August, surpassing $4,000 per coin and remaining above that mark as of August 192. Both unquestionably hot market segments right now, cannabis and bitcoin are now being linked thanks to the enterprising efforts of companies like SinglePoint, Inc. (SING) (SING Profile), which aims to utilize bitcoin in addressing a problem currently faced by legal cannabis businesses in the U.S.: a lack of banking options due to federal restrictions. The activities of companies like Bitcoin Services, Inc. (BTSC), Bitcoin Investment Trust (GBTC), Advanced Micro Devices, Inc. (AMD) and NVIDIA Corp. (NVDA) attest to the red-hot market status that bitcoin and other cryptocurrencies are enjoying right now. As a solution for currently “unbankable” legal marijuana businesses, cryptocurrency seems like a perfect fit.

The new bitcoin exchange being pioneered by SinglePoint (SING) aims to provide cannabis merchants with a means of processing debit and credit card transactions independent of banks and the FDIC (http://nnw.fm/Ln5ot). This will not only allow marijuana businesses to begin conducting non-cash transactions (cash currently being the only option for most), but it will also allow customers to purchase cannabis products with their debit and credit cards, just as they would purchase any other type of merchandise at any other type of store.

SinglePoint is developing an in-house solution that would allow cannabis consumers to obtain bitcoin at any point of sale and instantly make bitcoin-powered purchases using their debit and credit cards. Users will be able to sign up prior to visiting a vendor or sign up quickly right at the point of sale. A beta version of SinglePoint’s bitcoin solution is set to debut in November at the Las Vegas Marijuana Business MJBIZCON event.

While similar solutions exist internationally, SinglePoint is an early mover in bringing this technology to the U.S. The solution will be KYC-AML compliant, and it will be applicable outside of the cannabis market and could be utilized by any kind of business desiring to offer an option for bitcoin transactions.

Though the beta launch is still a few months away, potential patrons are already signing up through SinglePoint’s website.

A cannabis-specific cryptocurrency known as $Weed was recently purchased (http://nnw.fm/M9vYG) by SinglePoint from First Bitcoin Capital Corp (BITCF) and will also be incorporated into SinglePoint’s cryptocurrency solution, enabling marijuana dispensaries and customers to complete transactions using either bitcoin or $Weed. A recent initial coin offering (ICO) for $Weed resulted in an impressive yet illiquid market cap of nearly $60 million.

While cryptocurrency wallets can be obtained at the point of sale through SinglePoint’s solution, SinglePoint and BITCF intend to implement a consumer-first approach and invest heavily in enticing customers to sign up for their cryptocurrency wallets ahead of time. This will ensure consumers can make their onsite cannabis product purchases without delay, and it also lets vendors deploy loyalty programs, special offers and more and to access consumer data regarding products.

For additional information about SinglePoint’s operations, view the company’s IR Kit here: http://www.networknewswire.info/sing/ir/.
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Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Tue Aug 22, 2017 5:42 pm

NetworkNewsBreaks – SinglePoint, Inc. (SING) Enters Letter of Intent to Acquire Dr. FeelGood

Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced that it has signed a letter of intent to acquire Dr. FeelGood, a profitable Phoenix-based medical marijuana company with plans to develop a proprietary delivery and ordering technology. Per the terms of the agreement, SinglePoint will acquire 51 percent of Dr. FeelGood through a combination of cash and stock, adding an additional revenue stream to SinglePoint while solidifying its acquisition-based revenue strategy. “This acquisition is right in our wheel house,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “I previously took a distribution company public on the NASDAQ and believe with my experience in distribution we can grow this company quickly. The acquisition of Dr. FeelGood will be the third acquisition of the year. Through the acquisition of DIGS Hydro and Convectium, SinglePoints revenue has increased 378 percent compared to the first quarter of 2017. SinglePoint is in a better position than it has ever been before. We are looking at additional companies and plan to complete additional acquisitions prior to the end of the year. We are well capitalized to continue acquisitions and we are optimistic to complete around three more acquisitions and significantly increase the company’s revenue.”
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Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Wed Aug 23, 2017 3:54 pm

SinglePoint, Inc. (SING) Shines among Diversified Players in the Legalized Cannabis Space

- Commencing volume manufacturing, allowing ramp-up of distribution and sales
- Partnering with Bitcoin Capital to create proprietary bitcoin payment solution to serve cannabis industry

SinglePoint, Inc. (OTC: SING) continues making great strides in its strategic diversification efforts and has become a compelling and diversified player within the cannabis market. In a recent article, SinglePoint was mentioned among other standout companies that are making their mark in unique ways within the cannabis industry (http://nnw.fm/xtM87). Shining among these other standouts in the blossoming legal marijuana market, SinglePoint has begun demonstrating its ability to generate revenues through strategic acquisitions in the marijuana space—all without ever touching the plant.

Among its exciting achievements, SinglePoint recently forged an agreement with Premier Biomedical, Inc. (OTCQB: BIEI) to act as a volume supplier in the manufacture of Premier’s new CBD Hemp Oil Skin Patch, which is anticipated to be the first in a line of products stemming from the agreement between the two companies.

Commencing the volume manufacturing of its products will enable Premier to start aggressively expanding its distribution network and increase sales volumes in domestic and foreign markets. For SinglePoint, it is anticipated that this new business will significantly contribute to the company’s revenue goals.

SinglePoint has also been working diligently in its acquisition efforts and inside sales in order to bolster revenues. Among the company’s other recent accomplishments, SinglePoint has joined forces with First Bitcoin Capital Corp. (OTC: BITCF) to create a proprietary bitcoin payment solution to serve U.S. cannabis businesses that are currently “unbankable” due to federal restrictions. The bitcoin solution is being collaboratively developed by the two companies and can be deployed in any point-of-sale machine through a simple download. This will allow marijuana businesses to begin accepting credit and debit card purchases independent of banks and the FDIC, giving cannabis customers a seamless payment experience similar to what they would have in any type of store.

The bitcoin solution will further build on SinglePoint’s track record of offering advanced payment technologies. The company already serves the cannabis industry through its SingleSeed subsidiary (http://www.SingleSeed.com), which supplies various services to marijuana businesses and has become a hub for dispensaries that are looking for payment processing solutions and other business tools. SingleSeed additionally provides payment processing and text message marketing solutions for marijuana businesses.

Other SinglePoint endeavors include the company’s recent acquisition of Discount Indoor Garden Supply (DIGS), which has positioned the company to be a leader in online products, retail stores, cannabis consulting and equipment in California, serving the thousands of marijuana-related businesses in that state. SinglePoint has acquired 90 percent ownership of DIGS.

SinglePoint also invested in Convectium earlier this year. This California-based provider of equipment, branding and packaging solutions for the cannabis industry developed the very first cartridge and vape pen oil-filling machines offered for wholesale distribution to cannabis dispensaries. Convectium’s 710Shark and 710Seal machines, currently sold through the EquipCanna.com website, are able to fill and package over 100 cartridges of disposable vape pens in only 30 seconds. Additionally, Convectium operates a consumer brand that includes HazeSticks and BlackoutX products.

SinglePoint continues to stand out among companies that are making their mark in the marijuana space through distinctive approaches to this burgeoning market. With so many rivals now looking for a piece of the pie in the marijuana space, SinglePoint’s diversification and unique approaches to profiting from the cannabis boom without actually touching the plant make this company one to watch.

For more information, visit the company’s website at http://www.SinglePoint.com
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Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Thu Aug 24, 2017 5:02 pm

SinglePoint (SING) Featured in Article Outlining Explosive Growth of Legal Cannabis Industry in North America

- SinglePoint positioned for success in the cannabis market through its rapidly expanding portfolio of holdings positions
- Company reduces risk of changing state and federal laws by not touching the plant, but instead focusing on tools and services for the cannabis industry
- Proprietary bitcoin payment solution in development

Specialized holding company SinglePoint, Inc. (OTC: SING) was featured prominently in a recent article (http://nnw.fm/gK79q) detailing the rapid growth in the North American legal marijuana market. The article explains how several companies, including SinglePoint, are taking advantage of this new market space.

Experts are predicting a 25 percent compound annual growth rate for the cannabis industry; $6.7 billion in retail activity was reported during 2016 in Canada and the United States. The marijuana market in the United States is poised for further explosive growth, and SinglePoint is taking big steps toward dominating the market and reaping the attendant rewards.

SinglePoint is rapidly expanding its portfolio in the cannabis markets with strategic acquisitions of companies offering services to the cannabis industry. With the company’s ongoing strategy of providing tools and services to the cannabis industry without touching the plant, SinglePoint eliminates the risk of being adversely affected by changes in state or federal laws, SinglePoint CEO Greg Lambrecht said in a recent interview (http://nnw.fm/iRp6Y).

In one of several recent acquisitions of companies involved in the cannabis industry, SinglePoint announced in March the first round of funding to acquire a portion of Jacksam Corp., dba Convectium. Based in Orange County, Convectium provides branding, packaging, equipment and a proprietary oil filling system; the company also sells specialized machines that fill vials with oil and a unique system for filling and packaging vape cartridges and disposable vape pens.

In May, SinglePoint announced its acquisition of a 90 percent share in Discount Indoor Garden Supply (DIGS Hydro), further diversifying the company’s investment portfolio and revenue sourcing. DIGS Hydro provides online products, retail stores, consulting and equipment to the cannabis industry in California, where thousands of cannabis-related businesses and customers are located.

In June, SinglePoint announced an agreement (http://nnw.fm/RyyU9) between DIGS Hydro and Premier Biomedical, Inc. (OTCQB: BIEI) to manufacture Premier’s new CBD Hemp Oil Patch in high quantities. The move is expected to contribute significantly to SinglePoint’s revenue goals.

Federal restrictions have forced the industry to utilize only cash transactions, despite cannabis being legalized for medical or recreational use in 29 states and the District of Columbia. A partnership with First Bitcoin Capital Corp. (OTC: BITCF) allows SinglePoint to move forward with a bitcoin payment solution for the cannabis industry.

Under a joint venture agreement (http://nnw.fm/Qul6s), the two companies will develop and distribute a payments solution using blockchain technology. First Bitcoin Capital provides industry-leading bitcoin and blockchain technology while SinglePoint has a long history in distribution. The partnership will enable both companies to focus on their core strengths to build the best possible bitcoin payment solution.

For more information, visit the company’s website at www.SinglePoint.com
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Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Mon Aug 28, 2017 4:17 pm

SinglePoint, Inc. (SING) Issues Update on Its Acquisitions and Initiatives

- SinglePoint recently completed acquisitions of Convectium and DIGS Hydro
- The company offers an online payment solution through a partnership with First Bitcoin Capital
- Online payments and marketing services are available through SingleSeed.com

SinglePoint, Inc. (OTC: SING) revealed in a July 18, 2017, audio press release that it is now working with a cryptocurrency expert to lead an initiative to develop a payment solution designed for high risk customers. The company has grown from a full service mobile tech provider to a publicly traded holding company serving the cannabis market. Thanks to a joint venture with First Bitcoin Capital Corp., according to the audio press release (http://nnw.fm/RzpQ1), efforts to deliver a testable solution within 60 days are underway.

Helping to drive a consumer-first approach, the joint venture is expected to yield an easier transaction at the point of sale. In addition, two recent acquisitions are driving SinglePoint’s acquisition and growth strategy. One is DIGS Hydro, which now has two operating stores in Southern California and plans to open a third. The company, specializing in growing, cultivating and consulting in the cannabis industry, has seen growth in its first two quarters. The acquisition of Convectium, which manufactures and supplies the 710Shark oil filling machine, has been fulfilling as well.

In a recent podcast (http://nnw.fm/8WZtD), Greg Lambrecht, CEO of SinglePoint, interviewed Wil Ralston, VP of sales and marketing. The two discussed how a new payment solution will avoid issues of purchasing cannabis products through banks, as well as the company’s presence in the OTC markets. Ralston also discussed the expansion of Convectium into a new office, with the addition of five new sales people and an operations specialist, and how it is driving the company’s acquisition phase and revenues.

SinglePoint is also developing an online marketing strategy, which involves selling products nationwide through the DIGS website – DIGSHydro.com. The recently acquired subsidiary received a significant purchase order in June to offer supplies and services to a major biomedical company. Payment solutions are already being offered through the online portal and subsidiary at SingleSeed.com, available now to cannabis retailers. It offers credit card processing, pay by text, cashless ATM, and point of banking services.

The company is also looking into additional acquisition options. It is planning to acquire a technology-driven delivery company and another that provides solar solutions to commercial cannabis growers. It has a presence in the solar industry in parts of Arizona, Texas, and southeast New York. In addition to payment processing, mobile messaging services are available, so companies can reach out to mobile subscribers with deals, coupons, and other notifications via SMS.

For more information, visit the company’s website at http://www.SinglePoint.com
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Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Tue Aug 29, 2017 3:47 pm

SinglePoint, Inc. (SING) Opening the Marijuana Money Spigot

- Legal marijuana sales projected to exceed $20 billion within four years
- Federal banking restrictions make cannabis a cash business
- SING developing bitcoin-based payment solutions

Growing as much as 30 percent annually, legal marijuana sales in North America topped $6.7 billion last year and are projected to exceed $20.2 billion within four years (http://nnw.fm/I7R3k). That’s eye-popping growth by almost any measure. However, this new found avalanche of revenues is shunned by banks.

Most banks won’t touch cannabis cash, because marijuana is illegal under U.S. federal law and banks must comply with federal regulations to maintain good standing. Banks just don’t want to be in the middle of a federal government versus state’s rights issue and risk losing their charter to operate. Effectively, this makes legal cannabis a cash-only business.

An inconvenience for consumers, it’s an enormous problem for private marijuana growers and distributors, creating transactional obstructions within booming businesses. Transacting $20+ billion of business annually in cash is no easy task. Real complications come on the operational end of businesses. There are multiple obvious security risks to business owners and employees paid in cash. Then the headaches really expand when realizing that all operational expenses, like utility bills, are cash payments. Complications and penalties further ensue when paying federal employee-withholding taxes and business income taxes, where headaches turn into migraines.

This constriction in the marijuana money spigot may be solved by a bitcoin payment solution for the marijuana industry, providing a much-needed financial transaction option and allowing cannabis businesses to accept credit card payments without the cooperation of banks or the FDIC. SinglePoint, Inc. (OTC: SING) has announced just such an initiative to develop a bitcoin payment solution for the cannabis industry. SING has partnered with First Bitcoin Capital Corp., an industry-leading bitcoin and blockchain technology provider (http://nnw.fm/d1ewJ), to develop and distribute a viable payments solution targeted at “high-risk payment verticals including the cannabis industry” to “fill the payments gap that currently exists.”

Bitcoin, the world’s first and most recognized cryptocurrency, recently vaulted to new record highs above $4,000. Valued around seven dollars five years ago, the digital currency has quadrupled in value in 2017, jumping 40 percent in August alone (http://nnw.fm/e7ClN). Cryptocurrencies have attracted a lot of attention in recent years. The underlying blockchain technology of bitcoin and other cryptocurrencies has the potential to transform transactional business by transferring value anywhere around the world without the need of traditional intermediaries such as clearing firms or banks. The ability to transfer value solely through software could become a transformational breakthrough.

As part of a broad strategy to cement its position in the cannabis industry, SinglePoint has been actively providing corporate solutions to cannabis businesses through its SingleSeed subsidiary. Without actually touching the plant, SinglePoint profits from the booming marijuana markets by providing much-needed business solutions to growers and providers. Providing a payments solution to the projected $20+ billion marijuana markets would be a game changer. SING’s strategic joint venture partnership with First Bitcoin Capital Corp. may very well be the transformational breakthrough needed by the burgeoning marijuana industry.

For more information, visit the company’s website at www.SinglePoint.com
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Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Fri Sep 01, 2017 3:40 pm

SinglePoint, Inc. (SING) and SingleSeed Continue Focus on Payment Solutions for Cannabis Industry

- SinglePoint’s development of SingleSeed payments provides attractive option to cannabis consumers and retail merchants with a new, proprietary bitcoin exchange
- New, in-house payment solution will be KYC-AML compliant, allowing retailers and consumers to complete transactions with confidence
- SingleSeed payment option can be used to purchase any retail product, not just cannabis-based items, through bitcoin-powered purchases using debit and credit cards

SinglePoint, Inc. (OTC: SING) has grown from a full-service mobile technology provider to a publicly-traded holding company building a diversified holding base. The development of its SingleSeed subsidiary is geared toward solving an industry-wide payment problem plaguing the expanding legal cannabis market.

Analysts predict that the medical marijuana and recreational cannabis market in the United States alone could be worth upward of $50 billion by 2026. In order to successfully ride such a trajectory, SinglePoint and its investors knew a critical component of the business model was missing: a way to process debit and credit card transactions independent of banks and the FDIC (http://nnw.fm/zuCI5).

Waiting on federal banking guidelines to solve this problem wasn’t at the top of the company’s to-do list. Instead, SinglePoint, like it has for years, started working on finding solutions. Cryptocurrencies like bitcoin and ethereum, as well as their underlying blockchain technology, are on the table, and SinglePoint is among the first in line to serve up a solution for these high risk industries.

Bitcoin’s success can only be described as booming, and cannabis consumers will find the instant access provided by SingleSeed payment solutions an easy, secure option at the point of purchase. A beta version of SinglePoint’s bitcoin solution is set to debut in November at the Las Vegas Marijuana Business MJBIZCON event.

For more information, visit the company’s website at www.SinglePoint.com
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Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Wed Sep 06, 2017 3:59 pm

Cannabis Industry Leaders Drive Growth with Acquisition Strategies and Territorial Expansion

NetworkNewsWire Editorial Coverage: Exceeding $7.2 billion in 2016, the legal cannabis market is maintaining a rapid expansion rate, according to Forbes, thanks to a demand for both medical marijuana and legal adult recreational sales in many U.S. states. Growth is expected to continue at a compound annual rate of 17 percent, but it is more than a diverse and accessible customer base fueling the fire. Companies such as SinglePoint, Inc. (SING) (SING Profile) have been busy with acquisitions that have expanded its capabilities and reach. The company not only serves the legal markets in Arizona, but also California, Nevada, and potentially other soon-to-be-legal markets such as Texas. This pattern is industry-wide. Terra Tech Corp. (TRTC), MassRoots, Inc. (MSRT), ABcann Global Corp. (ABCCF) (ABCN), and Medical Marijuana, Inc. (MJNA) have also trended with acquisitions and expansions, giving the industry the boost everyone has anticipated.

SinglePoint, Inc. (SING) recently made two major acquisitions: Convectium, a manufacturer and supplier of vaporizer filling machines; and DIGS Hydro, a Southern California dispensary operator. With these two acquisitions, SinglePoint in the second quarter grew revenues by 378x compared to the first quarter of 2017 (http://nnw.fm/82o4T). As noted in a press release discussing its current position, SinglePoint’s acquisition strategy has a third transaction underway.

Detailing the success of the company’s acquisition-based growth strategy, SinglePoint CEO Greg Lambrecht in a recent press release, said, “…SinglePoint is in a better position than it has ever been before. We are looking at additional companies and plan to complete additional acquisitions prior to the end of the year. We are well capitalized to continue acquisitions and we are optimistic to complete around three more acquisitions and significantly increase the company’s revenue.”

A closer look at SinglePoint’s acquisition history underscores Mr. Lambrecht’s favorable sentiment of the company’s position in the cannabis market. Its 90-percent stake in DIGS Hydro, which currently has two operational stores strategically located close to established licensed growers, has positioned SinglePoint as a leading provider of a wide range of growing equipment and accessories for individual and commercial plant cultivators in California (http://nnw.fm/oh7ZW). The strategy yields considerable potential, as recreational cannabis is projected to be fully legalized by June 2018. DIGS Hydro’s products include all-in-one systems for growing plants plus grow rooms, supplies, HVAC system setup, hydroponic garden products, and accessories. Territorial growth into large, opportunistic markets like this promises to fuel continued growth for the company and the industry.

In March of 2017, SinglePoint made an investment in Convectium, the creator of a unique oil filling machine capable of filling cartridges or disposable vape pens for wholesale distribution to dispensaries. Convectium’s 710Shark and 710Seal system can fill and package up 100+ cartridges or disposable vape pens in 30 seconds. Leaning on the marketability of this first-of-its-kind system for the cannabis industry, as well as its line of B2C products, Convectium previously forecast full-year 2017 sales of $3.5 million (http://nnw.fm/Uz1hR).

“We have evaluated numerous investment prospects in the cannabis space, and found there is nothing that compares to this opportunity we have with Convectium,” Lambrecht stated in a press release announcing the deal (http://nnw.fm/WrO6R). “With this transaction, we will acquire a stake in a cannabis business that never touches a marijuana plant. This is the strategy we will use as we move forward to hedge us against changing federal and state laws.”

In August, SinglePoint signed a Letter of Intent to acquire a 51-percent stake in Phoenix-based medical marijuana distribution company, Dr. FeelGood. With its acquisition of Dr. FeelGood on the horizon, SinglePoint will soon add another revenue stream to its model, as well as the decades of expertise of owners Scott Riley and Jeff Clevenger who will run the daily operations of Dr. FeelGood and assist with its expansion strategy.

The initial plan calls for the development of a delivery platform utilizing SinglePoint’s location-based delivery application. Additional features, such as a directory and ordering system to directly compete with Leafly and WeedMaps, will then be implemented to cement the technology’s position in the market. The collaboration supports Dr. FeelGood’s existing plans to build the app to quickly meet existing and growing interest it the technology.

While SinglePoint enjoys a unique, diversified position in the cannabis industry, the company is joined by several other innovators demonstrating the girth of the market.

Terra Tech Corp. (TRTC) saw a 57.9-percent increase in cannabis-related sales in Q2 2017 compared to the same period during 2016. The company’s Edible Garden subsidiary provides locally-grown herbs and greens nationwide, serving over 40 million medical cannabis customers a month, available at over 1,800 retail outlets. It also recently signed an agreement (http://nnw.fm/QcAk4) to purchase 50 percent of NuLeaf Sparks Cultivation LLC and NuLeaf Reno Production LLC, giving it access to the cannabis cultivation and medical market in Nevada. Two production facilities are under construction in the state from these entities – a 30,000-square-foot facility in Sparks, Nevada, and a 15,000-square-foot facility in Reno.

MassRoots, Inc. (MSRT) recently announced a $12 million stock deal (http://nnw.fm/uoKq3) in the acquisition of CannaRegs Inc., a platform able to track cannabis regulation changes at the municipal, state, and federal level. The company has reported over $450,000 in contractually obligated annual revenue and is also tapping into the legal cannabis market in California. It also entered into a Definitive Agreement with Odava, a company involved in compliance, supply chain management, and point-of-sale technology. The agreement gives MassRoots access to the Oregon market, while its December 2016 acquisition of DDDigtal Inc. gave it access to a high-volume menu management and online ordering platform, which processed more than $5 million in transactions between May and December that year.

ABcann Global Corp. (ABCCF) (ABCN) recently announced expansion plans of its own. In Q3 2017, it will build a 100,000-square-foot facility in Napanee, Ontario, revised from an original phase 1 plan of 71,000 square feet for its Kimmett facility (cultivation is expected to begin by Q4 2018). Also, the company revealed production capacity at the Vanluven facility will double to serve its growing patient base, with first cultivation anticipated for Q1 2018. The company also aims to serve the booming Canadian cannabis market through its acquisition of ABcann Medicinals, one of the dominant medical growers of organic, pesticide-free product in the country. In addition, it announced the purchase of land that would increase its production by 20-fold. With a $43 million cash position only three months after becoming a publicly traded company, ABcann is positioned as one of the leading medical cannabis growers in Canada.

Medical Marijuana, Inc. (MJNA), which merged with CannaBANK in 2011, revealed an acquisition of Kannaway in 2015, a network marketing company, to help expand its brand of cannabidiol-based powders, proteins and supplements. Kannaway’s sales staff in the U.S. and expansion into Europe and South America didn’t hurt with territorial expansion either. It also has subsidiaries in Brazil and Mexico, and an investment in AXIM Biotechnologies, a cannabinoid research and development firm. In July 2017, Kannaway, now an MJNA subsidiary, announced its largest single-day revenue in company history, and also recently announced a 135-percent revenue increase in Q1 2017 over the same quarter a year earlier.

The cannabis industry is growing by leaps and bounds to support demand, helped by acquisition and territorial expansion activity of leading companies. Ease of purchase is aiding sales too; case-in-point, www.SingleSeed.com, launched by SinglePoint to provide a wide variety of business solutions for dispensaries, retailers and other cannabis companies. The bold strategies of SinglePoint and other companies appear to be paying off as the broader marijuana market continues to grow at an accelerated pace.

For more information on SinglePoint please visit: Singlepoint (SING) or www.SinglePoint.com
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Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Wed Sep 06, 2017 4:28 pm

NetworkNewsBreaks – SinglePoint, Inc. (SING) Announces Acquisition of Dr. FeelGood

Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced its acquisition of Dr. FeelGood, a profitable cannabis distribution company headquartered in Phoenix, Arizona. Per the terms of the agreement, SinglePoint will acquire a 51 percent stake in Dr. FeelGood in exchange for cash and stock, allowing SinglePoint to recognize all of the company’s revenue and effectively strengthening its revenue-by-acquisition strategy. “We are very excited for the success of this acquisition,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “The acquisition of Dr. FeelGood is the third acquisition of the year. SinglePoint’s revenue has dramatically increased, which through the acquisition of DIGS Hydro and Convectium has increased 378x compared to the first quarter of 2017. SinglePoint is in a better position than it has ever been before. We are well capitalized to continue acquisitions and we are optimistic to complete additional acquisitions and very optimistic to significantly increase the company revenue.”
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Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Mon Sep 11, 2017 4:06 pm

SinglePoint, Inc. (SING) Acquires Dr. FeelGood; Plans in View for Multistate Brand Expansion

- SinglePoint has completed its third acquisition of 2017
- Company’s revenue has grown 378-fold since first quarter 2017
- Delivery application in development will directly compete with Leafly and WeedMaps
- Company well-positioned to continue acquisition strategy and further increase revenue

Marking its third acquisition of 2017, SinglePoint, Inc. (OTC: SING) announced on September 6 that it has acquired profitable cannabis distribution company Dr. FeelGood. According to the agreement terms, SinglePoint will acquire 51 percent of the company in a combination of cash and stock, allowing SinglePoint to recognize all revenue.

This acquisition adds yet another revenue stream for SinglePoint, further affirming the company’s strategy of revenue by acquisition. The acquisition further provides SinglePoint with new team members who have been active within the cannabis industry for many years.

Based in Phoenix, Arizona, Dr. FeelGood is a leading medical marijuana distribution company that has expansion plans to add a proprietary delivery and ordering technology application. Dr. FeelGood’s founders have established a development plan to create a proprietary mobile application that will both enhance the experience for users and streamline the company’s operations. The app is scheduled to be released within 90 days. Once the app is completed, both companies will be able to license the technology to other distribution companies throughout the United States.

The two companies are also collaborating on a delivery platform, and SinglePoint will leverage its location-based delivery application and add other features, including a directory and ordering system that will compete directly with Leafly and WeedMaps. Dr. FeelGood was already pursuing plans to build the app; with SinglePoint’s progress, the company will be able to utilize the app much earlier than anticipated and begin providing it to interested entities.

Dr. FeelGood offers a broad array of products that are distributed through both B2B and B2C. Current owners Scott Riley and Jeff Clevenger will continue overseeing the company’s day-to-day operations, with plans in view to expand the business and license the Dr. FeelGood brand in other states.

Other SinglePoint acquisitions that have taken place in 2017 include California-based companies DIGS Hydro and Convectium. With these acquisitions, SinglePoint’s revenue has increased 378-fold in comparison with 2017’s first quarter, ideally positioning the company like never before. SinglePoint is well-capitalized to continue its acquisition strategy and further increase revenues.

For more information, visit the company’s website at www.SinglePoint.com
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Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Wed Sep 13, 2017 3:41 pm

Cannabis Sector Strategies Light the Way for Industry Growth

NetworkNewsWire Editorial Coverage: A new report out from Hexa Research projects that the domestic market for medical marijuana is slated to grow over 250 percent by 2024 to reach a new worth of nearly $20 billion (1). Globally, the market is estimated as reaching some $55.8 billion by 2025. Players in the space are banking on this incredible growth, executing their individual strategies to take part in the vast opportunities. SinglePoint, Inc. (SING) (SING Profile) employs a diversified acquisition-based strategy and is moving toward select joint-ventures to further enhance revenue growth potential as an increasingly cannabis-focused holding company. The goal of any company is growing value, and whether we are talking about up and coming growers like Supreme Pharmaceuticals, Inc. (SPRWF), cannabinoid medicine developers such as Emerald Health Therapeutics, Inc. (EMH:CA), suppliers of proprietary cultivation systems like Surna, Inc. (SRNA), or a holding company like General Cannabis Corp. (CANN), revenue growth and expansion are common objectives.

Analysis of publicly available 2016 data by Marijuana Business Daily offers investors clear insight into why companies are looking to gobble up broader footings in this market. One key data point shows that over 64 percent of medical marijuana patients were qualified under chronic or severe pain conditions. Pharmaceutical pain management is a $32.3 billion market in and of itself and is slated to grow at an 8.1 percent CAGR through 2022. Given increased attention to the opioid epidemic in the U.S. and a resounding chorus of voices citing intriguing data such as the 23 percent decrease in hospitalization rates for opioid abuse in states that legalized medical marijuana, we can see clearly why companies want to get their hands on as much of this industry as they can (and fast).

It’s no wonder established sector operators (and even new entrants), many of whom are locked into a single revenue-generating vector, are thinking about intelligently branching out the way SinglePoint, Inc. (SING) has over the past year. The real appeal of such a diversified acquisition strategy has the potential to not only accelerate revenue growth by establishing a more robust set of revenue streams, but to gain a more dominant and solid overall footing within the industry. Why just be an isolated cultivator, equipment supplier, or cannabis medicines developer when one can put together a series of proven, profitable entities of this type and become a real powerhouse operation in this seemingly unstoppable and rapidly growing industry?

Take a look at how SinglePoint has evolved so quickly, going from a core emphasis on advanced payment technologies and full-service mobile technologies leveraging the company’s SingleSeed subsidiary, to a full-fledged holding company specializing in acquiring small to mid-sized companies, and thus judiciously layering up profitable, parallel interests in the ultra-hot cannabis business. Ever since the acquisition of a strategic stake in revolutionary vape pen filling/sealing system developer and B2C purveyor Jacksam Corp. (dba Convectium) in March (http://nnw.fm/3YFg6), SinglePoint has been on a real tear. Two months later, SinglePoint snapped up 90 percent of California-based cultivation hardware supplier and cannabis consulting outfit Discount Indoor Garden Supply (“DIGS”) Hydro (http://nnw.fm/oh7ZW), and more recently acquired a 51 percent stake in Arizona-based medical marijuana distribution outfit Dr. FeelGood (http://nnw.fm/5rT6R). SinglePoint CEO Greg Lambrecht, noted in a recent interview on MoneyTV with Donald Baillargeon how sage use of its public vehicle has allowed the company to rapidly piece together a much more stable footing in the cannabis industry that already delivered a substantial increase in revenues. The acquisition of DIGS Hydro and Convectium, according to Lambrecht, has increased revenues a whopping 378 times compared to Q1 2017.

For a well-positioned operation like SinglePoint, this is music to investors’ ears and Lambrecht also recently pointed out that the company is looking to do more select joint-ventures as well, in addition to further acquisitions that will bring in yet more revenue streams. Looking at Convectium’s revolutionary 710Shark (produced under the BlackoutX brand), which can fill and pack over 100 cartridges for vape pens in 30 seconds at around half the price per machine of the industry standard, it’s easy to understand how Convectium is able to project a 150 percent increase in sales this year to some $3.5 million. This easy-to-use beauty is the only known machine on the market today that can fill cartridges or disposables on this scale for wholesale distribution and the machine utilizes a state-of-the-art dual-heat injection technology that can fill many different types of disposables, using even the thickest of oils. The 710Shark even comes with a 1 horsepower California Air Tools 5.5 gallon, ultra-quiet, oil-free air compressor. The 710 Seal Machine is the other end of the BlackoutX “Fill Seal Sell” System and collectively represents the first such end-to-end system on the market, allowing for easy production of childproof blister packs from loaded cartridges/disposables. Convectium also provides a suite of B2C offerings, which SinglePoint will offer through the SingleSeed platform.

DIGS Hydro is already quite well established in retail via an extensive online catalog featuring a wide variety of growing supplies, as well as equipment ranging from HVAC to complete surveillance systems that are tailored to secure a particular grow op. Furthermore, the company provides a number of mission-critical design, construction and maintenance services, covering indoor, greenhouse, and aquaponic setups. This acquisition also grants SinglePoint access to some talented new personnel, such as DIGS Hydro’s top man Carey Haas, who has over 25 years in the industry and will be instrumental to SinglePoint’s decision-making process moving forward on the cannabis side of the business. Recent estimates for the California cannabis market are very promising, with New Frontier’s analysis recently noted in the LA Times projecting 12 percent CAGR over the next eight years to $6.6 billion. This could make the DIGS Hydro acquisition a big feather in SinglePoint’s cap, particularly as the rest of its diversified acquisition strategy plays out.

Dr. FeelGood already has an established presence on the widely used cannabis locator site Weedmaps, with a 4.9 out of 5 star rating, and a recent announcement indicates that the company is set to release an app to compete directly with the likes of Weedmaps in just three months’ time. This proprietary mobile application will not only enhance the user experience, it will enable licensing of the technology to other distribution entities in the U.S. once the app is complete. The new app will add substantial weight to Dr. FeelGood’s overall presence, which also consists of a wide variety of B2B and B2C distributed products. By leveraging SinglePoint’s existing location-based delivery technology, the app, which has been on the drawing board at Dr. FeelGood for some time now, will take full advantage of additional features like a directory and ordering system. In this way, the app will offer consumers a souped-up and feature-rich version of already successful, similar offerings in the space.

This diversified approach by SinglePoint to the cannabis sector is something for investors to take note of in comparison with other operators in the space today, especially considering how investor-accessible SING’s share price currently is at less than a dime per share. As the pot market continues to mature, we will most likely see an increased drive towards diversification by established sector operators and new entrants alike, with other companies seeking to emulate the roll-up strategy of companies like SinglePoint. This rising trend was mapped out nicely by a recent article in Marijuana Business Daily, highlighting the substantial uptick of M&A activity in the sector. In particular, the Viridian “Deal Tracker” data shows 126 such deals were executed from January 2016 to March 2017 (most likely a conservative estimate).

Supreme Pharmaceuticals, Inc. (SPRWF) has pulled back a bit to around $1.02 from highs of early 2017 when it was $1.41 and charging strong, coming off of a banner 2016 that saw completion of the company’s first sale of cannabis genetics to another Canadian Licensed Producer, as well as some $70 million in private placements. This was all subsequent to reception of ACMPR (Access to Cannabis for Medical Purposes Regulations) permission to sell product by the company’s wholly-owned 7ACRES subsidiary in June this year and an uplisting from CSE to the TSX.V exchange. Supreme is quickly realizing its stated mission of producing consistently high-quality cannabis in large quantities for the commercial market and even with a 342,000-square-foot production space at the company’s hybrid greenhouse facility, many investors have not heard the last of this up-and-coming cultivator when it comes to sales.

Surna, Inc. (SRNA) recently initiated a comprehensive new branding strategy, including the launch of a new website, in an effort in to draw greater attention to the company’s emergence as a go-to solutions provider for many in the cultivation industry’ particularly for grow ops looking to optimize energy, water usage, and ultimately crop yields. Surna prides itself on providing cutting-edge industrial technology and products for commercial indoor cannabis cultivators. The company’s user-friendly new site is tailored to Surna’s key demographics, such as engineers and contractors tasked with configuring indoor grow ops in the U.S. and Canada, and it is set up in such a way as to facilitate partnering opportunities with those key demos. The company notes that demand for its systems comes primarily from the construction of new cultivation facilities in North America, and said it anticipates more revenue opportunities as more cultivation facilities become licensed amid regulatory changes. Surna reported $1.742 million in second-quarter revenues, and recently landed $1.3 million contract that is currently in the engineering phase.

Emerald Health Therapeutics, Inc. (EMH:CA) is a serious contender in cannabinoid formulations for medicinal and/or recreational use. Emerald Health has one of the top batches of cannabis genetics in the sector today under the company’s thumb, as well as advanced R&D and extraction technology at its disposal. The last of which is a key point to take note of, given that cannabis oils have seen exceptional increases in demand, with Health Canada data alone showing an 871 percent increase in the amount sold to Canadian clients from Q4 2016 to Q4 2017 (Jan 1 – March 31). Emerald Health Therapeutics announced back in June that the company is laser-focused on heading towards pharmaceutical formulations and clinical studies, having established an Advisory Board containing several highly reputable doctors and professors, who will provide the much-needed strategic guidance for this process.

General Cannabis Corp. (CANN) is a bit more like SinglePoint in its approach to the sector and is designed as a synergistic holding company that provides a one-stop-shop for finding the best cannabis industry service providers. With competencies spanning real estate, consulting, security, financing and infrastructure product distribution, General Cannabis is well on its way to becoming an industry institution. Furthermore, General Cannabis has organized its architecture of subsidiaries to take full advantage of symbiotic relationships between them. Next Big Crop, which represents the company’s operations segment, offers highly professional consulting on cultivation, processing and sales of cannabis via a full-cycle platform replete with hands-on experience rendered techniques. Iron Protection Group is CANN’s security subsidiary and has had its capabilities prominently featured in The New York Times; capabilities only further enhanced by the recent acquisition of Mile High Protection Services as the company seeks to expand an already sizeable position in Colorado’s thriving cannabis market. Chiefton Supply Co. is the apparel wing of the operation and, together with CANN’s brand development and design subsidiary, Chiefton Design, provides a rich and compelling marketing presence for the company. Q2 results for CANN showed revenue up 19 percent year over year, driven in large part by the success of the Next Big Crop subsidiary, which posted a 403 percent increase in revenues over the aforementioned period.

The broader cannabis industry is budding with potential, and the lineup of innovators in this global market provides investors a diverse array of investment opportunities. For SinglePoint, a diversified acquisition strategy puts the company a unique position to explore and acquire various targets that keep the company among the leading cannabis plays as it continues to grow its valuation.

Editorial Sources
1) Hexa Research: http://nnw.fm/aH2Ri
2) Grand View Research http://nnw.fm/PiO4d

For more information on SinglePoint please visit: Singlepoint (SING) or www.SinglePoint.com
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Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Fri Sep 22, 2017 4:43 pm

NetworkNewsBreaks – SinglePoint, Inc. (SING) Continues Focus on Solving Payment Issues for ‘Unbankable’ Legal Cannabis Businesses

Through building a diversified holding base, SinglePoint, Inc. (OTC: SING) has developed from a full-service mobile technology provider to a publicly traded holding company, and its SingleSeed subsidiary is working to solve an issue that is currently plaguing legal cannabis businesses: a lack of traditional banking options. Because of federal restrictions, marijuana merchants in the United States do not have the backing of the FDIC and, consequently, must largely conduct cash transactions because they do not have a means of processing credit and debit cards.

An article further discussing this reads: “Analysts predict that the medical marijuana and recreational cannabis market in the United States alone could be worth upward of $50 billion by 2026. In order to successfully ride such a trajectory, SinglePoint and its investors knew a critical component of the business model was missing: a way to process debit and credit card transactions independent of banks and the FDIC (http://nnw.fm/zuCI5). Waiting on federal banking guidelines to solve this problem wasn’t at the top of the company’s to-do list. Instead, SinglePoint, like it has for years, started working on finding solutions. Cryptocurrencies like bitcoin and ethereum, as well as their underlying blockchain technology, are on the table, and SinglePoint is among the first in line to serve up a solution for these high risk industries.”
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