Singlepoint, Inc. (SING)

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Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Wed May 10, 2017 3:56 pm

Marijuana Stocks Drive Corporate Value by Delivering Automation, Technology and Diverse Application

NetworkNewsWire Editorial Coverage: The marijuana market is ripe with investment opportunities, and the leaders of the pack are those who demonstrate the vision and ability to increase corporate value. Be it through revolutionary technology, health applications, packaging and accessories, cultivation tools or other means, companies like SinglePoint, Inc. (SING) (SING Profile), Kush Bottles, Inc. (KSHB), Insys Therapeutics, Inc. (INSY), Solis Tek, Inc. (SLTK) and Medical Marijuana, Inc. (MJNA) are capturing their share of a burgeoning market and presenting investors with unique and exciting opportunities to climb aboard.

In North America, the cannabis market was valued at approximately $7.2 billion in 2016, and it shows no sign of slowing down. Not only is the market’s CAGR forecast between 17 and 25 percent within the next few years, but a recent report from New Frontier Data further estimates that by the year 2020, U.S. medical marijuana sales alone will increase to $13.3 billion, while adult recreational marijuana sales will grow to approximately $11.2 billion (1).

Because marijuana is still illegal on a federal level (29 states and the District of Columbia have passed initiatives or laws legalizing or regulating the substance), some investors see the market as a risky bet. The gargantuan size and potential of this market cannot be ignored, however, and numerous companies are hedging against risks of violating federal law by offering a hands-off approach that serves marijuana businesses without ever touching the plant.

One such example is SinglePoint (SING) a provider of technology solutions to enable seamless business transactions that’s building an acquisition portfolio of undervalued subsidiaries with an emphasis in new technologies. When it comes to opportunities in the marijuana industry, SinglePoint is taking advantage of a couple avenues to maintain diversification and build corporate value.

SinglePoint’s cannabis vertical, SingleSeed has a competitive “head start” in providing mobile payment processing solutions, business tools and text message marketing to “unbankable” marijuana dispensaries whose operations are crimped because of the lack of banking in the industry. SinglePoint founder and CEO Greg Lambrecht further discusses this obstacle, the company’s revenue-generation strategy, and how SingleSeed.com could be a “pick-and-shovel” for the cannabis industry in a podcast interview here: http://nnw.fm/L9HdG

“The long-term vision is to build SingleSeed.com into a market-place for dispensaries to buy the products they need to do business. SingleSeed will also provide consulting services to cannabis businesses who need help gaining traction and success in their strategies,” Lambrecht explained in a recent shareholder update (http://nnw.fm/edXE2).

Another component of SinglePoint’s strategy in the cannabis space also centers on technology via its investment in Convectium, a profitable provider of equipment, branding and packaging solutions for the cannabis industry. Convectium is the developer of the first cartridge and vape pen oil filling machines made for wholesale distribution to marijuana dispensaries. Convectium’s 710Shark and 710Seal machines are capable of filling and packaging more than 100 cartridges or disposable vape pens in just 30 seconds – an automation that represents a significant advancement over the traditional, time-consuming and messy method of filling cartridges by hand. Currently, these machines are sold to dispensaries through the EquipCanna.com brand, and Convectium further operates a consumer brand that includes BlackoutX and HazeSticks, reaching customers in over 52 countries.

Diversification is a considerable aspect of SinglePoint’s strategy to build corporate value. Earlier this week SinglePoint signed a reseller agreement that enables the company to start onboarding “high risk” merchant accounts. Over 100 business types are considered high risk, including auctions, vape pen sales, gambling, online gaming and more. This approach serves as a doorway for SinglePoint to offer payment solutions to cannabis businesses, which are also considered high risk, when the industry becomes bankable.

“We are providing multiple solutions to the cannabis space and we are trying to do the same in the payments space as well. Being able to offer a payment solution to multiple different verticals gives the company a larger target market to tap into. We believe high risk is a huge opportunity and an underserved market at this point,” Lambrecht stated in the news release (http://nnw.fm/3iacI)

In addition to the need for marketing and automation, growing interest in cannabis/marijuana products is also driving demand for packaging and accessories. This is where Kush Bottles (KSHB) steps in – also taking advantage of a hands-off approach. Kush Bottles started out in 2010 as a provider of innovative packaging solutions for the marijuana industry, and the company has since expanded its product line to range from custom packaging and labeling items to point-of-sale products like grinders, lighters, papers and glass pieces. Serving thousands of dispensaries, retail shops, growers and consumers, Kush Bottles has become a premier packaging supply and services company, catering exclusively to the needs of the cannabis industry.

Kush recently acquired Los Angeles-based CMP Wellness, LLC, a privately held distributor of vaporizers, cartridges and accessories. According to the press release, this move is expected to diversify Kush’s product range and deliver new distribution channels and cross-selling opportunities for existing product lines. Like SinglePoint’s Lambrecht, Kush CEO Nicholas Kovacevich also acknowledged the need for financial options in the cannabis industry.

“The rapid growth of the cannabis market, coupled with the lack of access to traditional financial services, creates a unique opportunity for Kush Bottles. As a market leader, we are in a strong position to leverage our first-mover advantage to grow market share and scale our business through market consolidation. We have the necessary infrastructure to immediately support a larger customer base and benefit from operational synergies while maintaining Kush Bottles’ high production standards,” Kovacevich stated in the press release.

Another company serving the marijuana industry is Solis Tek (SLTK), a vertically integrated technology company that provides digital lighting equipment for hydroponic cannabis cultivation. The company’s digital lighting solutions are designed to help increase yield, lower costs and improve crop growth for cannabis growers. Solis Tek’s customers include retail stores, distributors and commercial growers both in and outside of the United States, and the business model is paying off. Solis Tek earlier this week reported record revenues for the quarter ended March 31, 2017, of $2.9 million compared to revenue of $2.5 million in the first quarter of 2016, representing a 12% year-over-year increase. The company attributes this growth to strength in the overall cannabis market, brand recognition and its ability to attract new clients. It also noted “a number of significant expansion projects from our existing customers.”

Another high demand aspect of the marijuana industry is medicinal purpose. Insys Therapeutics (INSY), a specialty pharmaceutical company, is successfully navigating the medical marijuana market—in a manner of speaking. The company’s innovative drugs are synthetic cannabinoids. In developing these pharmaceutical cannabinoids, Insys aims to address the clinical shortcomings of existing commercial products and to improve quality of life for patients with unmet medical needs. The company’s SUBSYS drug has been approved for managing breakthrough pain in cancer patients 18 years and older who are already receiving and have become tolerant to opioid therapy. It is delivered via Insys’ proprietary sublingual spray technology and is the first and only breakthrough pain medication for cancer patients to be offered as a sublingual spray. In 2016, the FDA also approved Syndros, the company’s dronabinol oral solution, for anorexia-associated weight loss in AIDS patients and for nausea and vomiting in chemotherapy patients. The Drug Enforcement Agency recently placed Syndros in Schedule II of the Controlled Substances Act.

It is clear that many of the standout leaders within the marijuana market are capitalizing on its performance in unique and innovative ways while promoting corporate growth. These “hands-off” companies demonstrate the diverse opportunities for the savvy investor looking to profit on the explosive potential of the blooming marijuana market, but there is also opportunity for a direct encounter.

Medical Marijuana (MJNA) is an innovative company that does handle the cannabis plant, but in a unique way. MJNA has identified a means of working within federal government restrictions on cannabis to legally provide high-quality cannabis-derived products in the United States. The key is non-psychoactive cannabinoids like cannabidiol (CBD), which has a wealth of potential health applications without reliance on tetrahydrocannabinol (THC). By growing low-THC varieties of cannabis—aka hemp—outside of the U.S., MJNA was able to create CBD hemp oil and successfully import it into the U.S. CBD hemp oil is a fully legal extract from carefully cultivated hemp plants and is non-psychoactive, contains a full spectrum of phytocannabinoids, is high in CBD, and contains almost no THC, which is why it can be legally sold in the U.S.

The company’s products, offered through the distribution divisions HempMeds and Kannaway, include pure CBD hemp oil extracts, tinctures, sprays, capsules, vaporizers, bath and body products, and even chewing gum. In addition to selling CBD hemp oil products to more than 200,000 consumers in the U.S., MJNA has additionally been able to offer the very first legal cannabis products in Brazil and Mexico.

Sources:

(1) New Frontier Data: http://nnw.fm/2Gezn

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

Postby QualityStocks » Thu May 11, 2017 6:11 pm

SinglePoint, Inc. (SING) Set to Capitalize on Payment Markets Opportunity in MMJ Industry after Congress Triggers Safe Harbor Protection

With the passage of the Rohrabacher-Farr amendment in the $1.1 trillion spending bill to fund the government until September 30, 2017, Congress continues its hands-off approach to the medical marijuana industry. Attached as a rider to the appropriations bill, Rohrabacher-Farr now allows marijuana dispensaries powerful ‘safe harbor’ protections. As a consequence, SinglePoint, Inc. (OTC: SING) is rebooting its initiatives, started two years ago, to be a ‘first mover’ in providing payment solutions to the cannabis vertical through its SingleSeed payments subsidiary.

SinglePoint has been working with medical marijuana (MMJ) businesses for a long time, as GeekWire reported in August 2014 (http://nnw.fm/TM4qv). Back then, the company engaged with more than 100 state-licensed dispensaries in Colorado and Washington to set up point-of-sale terminals that would enable patients to pay for their marijuana purchases with debit and credit cards. SinglePoint’s leadership in providing payment solutions to the newly legalized MMJ industry went up in smoke, however, since banks, afraid of falling afoul of the law, refused to process the payments. Federal money transmitting regulations prohibit ‘the transportation or transmission of funds that… have been derived from a criminal offense or are intended to be used to promote or support unlawful activity’.

In this decidedly more benign environment, SinglePoint, through its SingleSeed Payments subsidiary, is offering a novel payment solution to MMJ dispensaries with its cashless ATM that closely resembles the typical debit/credit card terminal. However, unlike traditional terminals that are associated with an identifiable merchant account, the SingleSeed terminal is linked to the ATM network. As a result, a transaction through a SingleSeed cashless ATM, like a cash withdrawal from any ATM, involves only the account holder, his bank and a cash amount… devoid of other transaction details.

SinglePoint is also breaking ground with its Pay-by-Text™ technology, a tool that facilitates both promotional outreach and payments. Pay-by-Text™ offers a swipe-less payment option to customers who install the app on their mobile phones. To make a payment, the purchaser sends a text message to the payment provider, who clears the transaction with the vendor. The cost of the purchase, subsequently, appears on the monthly phone bill. In addition, the Pay-by-Text™ app becomes a marketing tool. Once the customer has set up a Pay-by-Text™ account, the vendor can issue an invitation to receive text messages. With these promotional and payment solutions, SinglePoint is set to capitalize on the opportunities in payments now that federal legislative and judicial action has created a safe harbor for the MMJ industry.

But a lot has changed since then. Now, even though marijuana remains a Schedule 1 substance like ecstasy, heroin and mescaline under the Controlled Substances Act of 1970, 29 states and the District of Columbia have passed resolutions or laws legalizing medical marijuana or regulating its adult use like alcohol or tobacco.

This has prompted a supportive response from the legislative and judicial branches of the federal government, in stark contrast to the mixed messages coming from the executive. Most importantly, the continuation of Rohrabacher-Farr, which prohibits the Justice Department from using funds allocated by Congress to interfere with the implementation of state medical marijuana laws, triggers the ‘safe harbor’ protections of an important court ruling last year.

On August 16, 2016, in United States v. McIntosh, the Ninth Circuit Court of Appeals, the federal appellate court for the states of Alaska, Arizona, California, Hawaii, Idaho, Montana, Nevada, Oregon and Washington, created a ‘safe harbor’ for medical marijuana establishments. Its ruling requires federal district court judges to provide medical marijuana suppliers and users with a pre-trial evidentiary hearing so that they can establish that their activities are compliant with applicable state law. If such compliance is established, then prosecution under the Controlled Substances Act (CSA) should be dismissed or discontinued, as long as Rohrabacher-Farr, which first became law in May 2014, stands. This means that if MMJ dispensaries can demonstrate compliance with state laws by, for example, having a compliance program in place, they cannot be prosecuted under the CSA.

In addition, SinglePoint has announced in a press release (http://nnw.fm/E0Qps) that it has signed an agreement allowing the company to begin offering “high risk” merchant accounts. This is a major step toward providing previously unavailable financial services to companies in high-risk categories, and the company plans to integrate this into their Pay-by-Text solution.

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

Postby QualityStocks » Fri May 12, 2017 5:41 pm

NetworkNewsBreaks – SinglePoint, Inc. (SING) CEO Discusses Acquisition Strategy in Interview on MoneyTV

Specialized holding company SinglePoint, Inc. (OTC: SING) is a featured company on this week’s episode of MoneyTV with Donald Baillargeon. MoneyTV is an internationally syndicated television program about “money and what makes it happen.” To view the show, visit www.MoneyTV.net. In this week’s episode, SinglePoint CEO Greg Lambrecht discusses the company’s progress toward expanding its presence in the burgeoning legal marijuana industry by way of acquisition. “We’ve spent the last couple of months courting companies to acquire them, particularly in the cannabis space,” Lambrecht noted in the interview. “Actually, I think next week we’re going to be putting an LOI out on a company out of California that we’re going to acquire that has revenue. That was the whole goal behind this is to use our public vehicle to acquire companies with revenues and check that box, and you’re going to be finding that whole plan coming to fruition here shortly… We’re looking to acquire companies that have done all the work and have gotten the license to be a distributor or a manufacturer. Those are so valuable, and that’s what we’re really focusing on.”
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Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Tue May 16, 2017 4:48 pm

SinglePoint (SING) Diversification Strategy Sets Stage for Big Rewards When Cannabis Industry Becomes Bankable

While some investors still view the marijuana market as a new industry, the mammoth potential of the cannabis industry — both in the United States and worldwide — cannot be discounted. While marijuana has not yet been legalized in the U.S. at the federal level, 29 states as well as the District of Columbia have, so far, passed laws or initiatives to legalize or regulate it, and the industry has been growing at an unexpectedly high rate. Some savvy companies are safeguarding against the risk of violating present federal laws by capitalizing on the growth of the cannabis industry in a hands-off way, serving marijuana-related companies without touching the plant themselves. One such company is SinglePoint, Inc. (OTC: SING).

As discussed in a recent article (http://nnw.fm/JRq95), SinglePoint is building an acquisition portfolio of undervalued subsidiaries with a focus on innovative technologies. Within the marijuana industry, the company is pursuing different opportunities to build corporate value and maintain diversification. SingleSeed, SinglePoint’s marijuana vertical, is serving cannabis dispensaries that are currently hampered in their operations due to the present lack of banking options for businesses within the marijuana industry. SingleSeed is engaged in providing mobile payment processing solutions, text message marketing and business tools to marijuana dispensaries, with a long-term goal of building SingleSeed.com into a hub where dispensaries can purchase the products they need to conduct business. It is also planned that SingleSeed will offer consulting services for cannabis businesses that need assistance in getting a foothold and becoming successful in their strategies.

SinglePoint’s own strategy further involves the utilization of marijuana-related technology through its investment in Convectium, which is a successful equipment, branding and packaging solutions provider to the marijuana industry. Convectium has developed the very first cartridge and vape pen oil filling machines created for wholesale distribution to cannabis dispensaries. The 710Shark and 710Seal machines offered by Convectium, currently sold through the EquipCanna.com brand, can fill and package more than 100 cartridges or disposable vape pens in 30 seconds, revolutionizing the inefficient traditional method of hand-filling cartridges. Convectium additionally operates a consumer brand that includes HazeSticks and BlackoutX, with a customer reach that encompasses more than 52 countries.

SinglePoint recently signed a reseller agreement that enables the company to begin onboarding “high risk” merchant accounts, which includes more than 100 types of businesses. Cannabis businesses are currently counted among these high-risk business types, along with enterprises like auctions, gambling, vape pen sales, online gaming and others. Serving SinglePoint’s diversification strategy, this move will enable the company to provide payment solutions to cannabis businesses as soon as the marijuana industry becomes bankable. Offering payment solutions to various verticals in this way enlarges SinglePoint’s target market and paves the way for enormous success in catering to an underserved market.

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

Postby QualityStocks » Wed May 17, 2017 6:03 pm

NetworkNewsBreaks – SinglePoint, Inc. (SING) Enters Letter of Intent to Acquire Stake in Discount Indoor Garden Supply

Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced its entry into a Letter of Intent with Discount Indoor Garden Supply (“DIGS”). Per the terms of the LOI, SinglePoint will acquire 90 percent of DIGS in a stock and cash transaction. The company anticipates that the acquisition will bring immediate revenues to SinglePoint while positioning it as a leader in online products, retail stores, cannabis consulting and equipment in California. “We are committed to identifying and making investments that will strengthen both parties’ position in the cannabis industry while building SinglePoint’s corporate value,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “California is a major market opportunity, and we will work to find the right companies, such as DIGS, in which we can invest to gain a stronger foothold in the broader marijuana industry.” In addition to an online store (www.DIGSHydro.com), DIGS currently operates two store front locations strategically located to capitalize on the sustained growth of the California marijuana industry. DIGS has plans to open a third store front location in the near future, and it’s working on a bid to build-out a 15,000 plant operation in Southern California.
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Re: Singlepoint, Inc. (SING)

Postby QualityStocks » Wed May 24, 2017 5:16 pm

Evolution of Marijuana Industry Creates Wealth of Opportunity for Companies with Foresight and Action

NetworkNewsWire Editorial Coverage: The marijuana industry continues to evolve at a breakneck pace in the United States, and an increasing number of businesses are finding their niche in this rampant market as it burns toward nationwide legalization. In the wake of this evolution, various new types of businesses are emerging to provide the consumer and commercial markets with products and services such as branding and packaging, smoke lounges, cultivation operations, grow equipment, pain management, payment solutions and numerous others. SinglePoint, Inc. (SING) (SING Profile), Medical Marijuana, Inc. (MJNA), Kush Bottles, Inc. (KSHB), Scott’s Miracle-Gro Co. (SMG) and Canopy Growth Corp. (TWMJF) represent a handful of innovators finding ways to cash-in on the plentiful opportunities within this budding market.

A quick browse through marijuana-related news provides just a glimpse of the progress being made in the mammoth industry. In Vermont, a landmark bill legalized marijuana for adults over 21, marking the first time a state legislature has ever originated and passed a marijuana legalization bill. Previously, adult-use legalization measures in the U.S. were passed by popular citizen vote. Massachusetts and Maine are also moving forward, with retail stores expected to open in both states in 2018. In Oregon, the City of Portland is backing cannabis businesses in lobbying for a bill that would permit marijuana consumption at licensed lounges, similar to tobacco smoking patios. These are only the latest in a wave of headline-making happenings related to marijuana legalization efforts throughout the country.

Companies like SinglePoint (SING) are well-aware of these developments and are making headway in their respective niches. SinglePoint is building an acquisition portfolio of undervalued subsidiaries with a focus on innovative technologies. When it comes to opportunities in the marijuana industry, SinglePoint’s strategy is to provide various ancillary services and non-plant-based solutions to dispensaries, growers and consumers.

Due to federal restrictions, marijuana businesses lack access to banking options, but industry experts expect this to change. Anticipating the need for electronic payment options once the industry does become bankable (http://nnw.fm/8oB02), SinglePoint has structured its cannabis brand subsidiary, www.SingleSeed.com, as a hub for the online sale of cannabis products to marijuana dispensaries. When the tide turns, SinglePoint will be a “first mover” in providing payment solutions to cannabis businesses through its SingleSeed Payments, which is geared up to provide payment solutions such as mobile marketing, cashless ATM, Pay-by-Text™ and text message marketing (http://nnw.fm/W84Lt). Ready at the gates, SingleSeed.com has become a standout resource for marijuana dispensaries seeking merchant payment processing solutions and other business tools.

Waiting on this opportunity doesn’t mean inaction, however. SinglePoint in early May announced (http://nnw.fm/QjJ9m) its plans to start onboarding “high risk” merchant accounts, a category of more than 100 types of businesses, including auctions, vape pen sales, gambling, online gaming and more, which typically offer higher margins than traditional accounts.

“We are providing multiple solutions to the cannabis space and we are trying to do the same in the payments space as well,” SinglePoint CEO Greg Lambrecht stated in the news release. “Being able to offer a payment solution to multiple different verticals gives the company a larger target market to tap into. We believe high risk is a huge opportunity and an underserved market at this point.”

SinglePoint’s core business strategy (http://nnw.fm/obb8Z) is one of diversification and the relentless pursuit of building corporate value. On point, the company earlier this year announced its investment in Convectium, a profitable provider of equipment, branding and packaging solutions to the marijuana industry. Convectium has developed the very first cartridge and vape pen oil filling machines created for wholesale distribution to cannabis dispensaries. The company’s 710Shark and 710Seal machines, currently sold through its EquipCanna.com brand, can fill and package more than 100 cartridges or disposable vape pens in 30 seconds, providing an attractive alternative to the traditional, time-consuming method of hand-filling cartridges. Also operating consumer brands HazeSticks and BlackoutX, Convectium has a market reach into more than 52 countries.

SinglePoint also recently signed a Letter of Intent (http://nnw.fm/0iSI1) to acquire 90 percent of California-based Discount Indoor Garden Supply (“DIGS”), a provider of growing equipment and accessories for individual or commercial plant cultivators. In addition to its online store (www.DIGSHydro.com), DIGS operates two store-front locations with plans for a third in the near future.

This acquisition is expected to bring immediate revenues to SinglePoint as it deepens its reach in the State of California, which houses thousands of cannabis-related businesses. Through DIGS, SinglePoint will be able to offer soil and supplies similar to a household brand and recognizable player in the marijuana industry, Scotts Miracle-Gro (SMG).

Well known for its lawn and garden care products, Scotts Miracle-Gro is also heavily investing in hydroponics – the method of growing plants without soil – a method primarily used in indoor and urban gardening. Hydroponics has also become the standard for growth in the marijuana industry. In May 2016, The Hawthorne Gardening Company, a wholly owned subsidiary of Scotts Miracle-Gro, spent $136.2 million on the acquisition of a 75 percent stake in greenhouse and hydroponic indoor lighting producer Gavita. In October 2016, The Hawthorne Gardening Company also acquired American Agritech, which is a hydroponic growing systems and plant supplements producer.

Industry peer Medical Marijuana (MJNA) is taking a unique approach to providing marijuana products without waiting for federal governmental approval to do so. The company has discovered a way to work within federal government cannabis restrictions to legally offer high-quality cannabis-derived products in the United States. The key to doing so pertains to non-psychoactive cannabinoids like cannabidiol (CBD), which has a wide variety of potential health applications but does not rely on tetrahydrocannabinol (THC), the psychoactive chemical compound in cannabis. MJNA’s approach is to grow low-THC varieties of cannabis (hemp) outside the United States, create CBD hemp oil, and import it to the United States. Taken from carefully cultivated hemp plants, CBD hemp oil is an extract that is completely legal, non-psychoactive, contains a full spectrum of phytocannabinoids, is high in CBD and has almost no THC, making it legal to sell in the U.S. MJNA’s products, provided through the HempMeds and Kannaway distribution divisions, include pure CBD hemp oil extracts, sprays, tinctures, capsules, vaporizers, bath and body products and chewing gum. Along with selling CBD hemp oil products to more than 200,000 individuals in the U.S., MJNA has also been able to offer the first legal marijuana products in Brazil and Mexico. Recently, the company’s Kannaway brand expanded into the European marketplace and is expected to be fully operational there by the fourth quarter of 2017.

Another company set to cash-in on the evolution in the marijuana industry is Kush Bottles (KSHB). Getting its footing in 2010 as a provider of cutting-edge packaging solutions for the marijuana industry, Kush Bottles has since expanded its product line, which now ranges from custom packaging and labeling items to point-of-sale products like grinders, papers, lighters and glass pieces. Kush Bottles serves thousands of cannabis dispensaries, retail shops, growers and consumers and has become a leading packaging supply and services company that exclusively addresses the needs of the marijuana industry. Recently, Kush Bottles added the web domain Roll-uh-Bowl.com to its list of acquisitions. Attracting an average of 39,500 web users monthly, Roll-Uh-Bowl.com is an online distribution platform for the retail sale of collapsible, unbreakable medical-grade silicone water pipes.

Canopy Growth (TWMJF) is also successfully navigating the marijuana market. A leading global diversified cannabis company, Canopy Growth operates various diverse brands and curated strain varieties that are supported by more than half a million square feet of indoor greenhouse production capacity and that are also partnered with some of the biggest names in the sector. The company’s core brands include Tweed, which has become one of the most recognized marijuana production brands in the world; Bedrocan medical-grade cannabis; and the Mettrum natural health brand.

Consumer demand, political support, and public opinion are powerful drivers behind the movement toward legalized marijuana, and present an increasing number of opportunities for companies to profit. The named companies are among standouts in this sector that are successfully navigating the growing cannabis market and implementing smart strategies to capitalize on its manifold opportunities.

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

Postby QualityStocks » Wed May 24, 2017 5:40 pm

NetworkNewsBreaks – SinglePoint, Inc. (SING) Completes Acquisition of Discount Indoor Garden Supply

Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced the completion of its acquisition of Discount Indoor Garden Supply (“DIGS”). Under the terms of the agreement, SinglePoint has acquired a 90 percent stake in DIGS through a stock and cash transaction, further demonstrating the company’s ability to strategically expand its portfolio of investments in established, high-potential cannabis businesses. “This acquisition is an important one for SinglePoint and strengthens our footing in the cannabis industry,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “The acquisition of DIGS is phenomenal for the company’s books. More importantly though are the people that come along with this. We are investing in people we believe in, people that we know can continue to run and grow their company.” DIGS currently operates both an online store and two store front locations, with plans to open a third in the near future. Both of its stores are strategically located to capitalize on a sizable presence of licensed cannabis growers, which could provide an opportunity for considerable market growth following California’s anticipated 2018 legalization of recreational cannabis use.
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