=====================
Our New Pick is: SinglePoint, Inc. (SING)
Current Price: $0.01
Investor Presentation
Website | News
========================
Members,
We've just identified another great trade idea with tremendous upside potential.
Please turn your immediate attention to SinglePoint, Inc. (SING).
SING is leading technology and acquisition company focused on making continued strategic acquisitions and investments in companies operating in high growth areas
The Company just released big news that we believe could spark a huge rally this week.
SinglePoint Announces Distributor Agreement with JTI USA
Minutes ago, the Company announced a new distribution agreement that allows for the expanded footprint of PrimeTime little cigars in North America and will be attending the 2019 MJBIZCON show in Las Vegas December 11-13, booth number C9132. The company recently signed on as a distributor for JTI USA, part of the JT Group of companies, a multibillion-dollar organization with international presence in 130 countries. Initially, SinglePoint will start out by supporting to further drive the distribution and sales of PrimeTime Little Cigars.
“We are excited to be working with SinglePoint. SinglePoint CEO Mr. Lambrecht’s prior experience in distribution of premium cigars, we believe will lead to continued growth of JTI USA products and the PrimeTime™ brand,” states Renee Duszynski, Director of Sales JTI.
SinglePoint will commence sales and take orders for JTI’s “PrimeTime Little Cigars” at the 2019 MJBIZCON being held at the Las Vegas Convention Center, December 11, 12 and 13.
“I’m excited and honored to be working with JTI to distribute PrimeTime Little Cigars... The opportunity to work with a global leader in this category is exciting and we are ready to expand Primetime’s U.S. market share with our unique experience in alternative markets. Having placed premium cigars in over 30,000 accounts, we expect this opportunity to be one of our major revenue sources in coming years, and to distribute additional JTI products as we grow this category,” says Greg Lambrecht, CEO SinglePoint.
PrimeTime Little Cigars are known as “The best flavored little cigars on the market” available in many flavors such as: Cherry, Grape, Vanilla, Peach and more. This tobacco product line offers a great alternative to cost conscious adult smokers, looking for a quality product.
“Innovation has always been central to what JTI does…For example, PrimeTime has the only encapsulation machine that can manufacture and package individual PrimeTime Little Cigars,” Lambrecht says.
A long-standing staple in the tobacco industry, PrimeTime has been in major accounts such as Circle K and 7/11 for over 20 years and continues to be a leading consumer brand, continuously gaining retailer and adult consumer traction. SinglePoint will be representing the product in its debut at MJBIZCON and will be taking orders at the show leading to additional distribution and alternative markets.
According to Mordor Intelligence, the global cigar market is forecasted to grow at a CAGR of 4.23% during the forecast period (2019-2024). The Cigar market is currently a $10 Billion market and growing.
This was the latest in what has been a month full of milestones for SING
On Friday, SING announced that it has signed an agreement with AFG Distribution of North Carolina to sell, market, and distribute the company’s newest product “1606 Original Hemp” a filtered hemp pre roll. The companies will exhibit at the MJBIZCON show in Las Vegas December 11-13, 2019. Singlepoint is in booths C9132 and C4247. AFG is in booth C2558.
According to Wil Ralston, President of SinglePoint, "A phenomenon is occurring where people are substituting or modifying tobacco consumption with smokable hemp. We believe we have the best filtered hemp pre roll using 100% hemp in the market and are tremendously excited to partner with AFG Distribution to accelerate our product placement into mainstream and alternative retail outlets nationwide.”
AFG Distribution Marketing Manager Bennett Dickert stated, “I see the smokable hemp trend continuing to grow across our over 8,000 accounts and my team here at AFG is excited to represent this outstanding product. We are confident that we can help establish ‘1606 Original Hemp’ as a meaningful leader in the hemp pre-roll category. Retail outlets and specialty shops across the country have dedicated shelf space for CBD and are anxious to expand, especially with hemp pre-rolls. SinglePoint as a public company brand brings an elevated standard of product to the market thereby enhancing the consumer’s experience while adding revenues and profits to the retailers.
As the company comes off its largest 3rd quarter in history, exceeding $1,000,000 in revenue for the quarter. The company continues to see expanded growth in two major markets, Hemp and Solar. Throughout Q4 and into 2020 SinglePoint will focus on growing these two market segments as demand increases for both. SinglePoint recently launched 1606 hemp which will have its major debut at the December 11-13, 2019 MJBIZCON where thousands will converge at the Las Vegas Convention Center to see the latest products in the industry. SinglePoint expects the sale of 1606 to be a large contributor in 2020 to overall company growth.
SING Sees +176% Revenue Growth In Q3. Largest Q3 In History
Last month, SING Reported revenues of $1,050,374 for the three months ended September 30, 2019, a 176% increase over the same period in 2018.
The Company’s most recent acquisition, Direct Solar, continues to exceed revenue growth targets and has been pivotal to improving the Company’s financials.
Third Quarter 2019 Unaudited Financial Performance Highlights:
Revenues of $1,050,374
Cash on hand $294,062
Gross Profit $525,891
Third Quarter 2019 Unaudited Financial Performance Summary: (comparisons to prior year period):
Total revenues were $1,050,374 compared to $381,037;
Gross profit was $525,891 compared to $75,353;
Nine Months 2019 Unaudited Financial Performance Summary: (comparisons to prior year period)
Total revenues were $2,170,123 compared to $881,157;
Gross profit was $559,729 compared to $229,017;
“This has been a great quarter for SinglePoint, we are very excited to see the growth of the company. We are establishing solid financials and we anticipate a big fourth quarter. Everything is firing on all cylinders and we continue to hit our numbers. We believe SinglePoint’s revenues will continue to grow as our subsidiary Direct Solar expanded into new markets,” states Greg Lambrecht CEO SinglePoint.
According to VP of Sales Don Smith, “Initial response to the ‘Pure American Hemp Cigarette’ has been overwhelming. After a successful launch at the National Association of Convenience Stores Show in October 2019, we have shipped multiple orders to both distribution and retail clients. SinglePoint is launching our newest smokable hemp-based product - 'ORIGINAL 1606 HEMP.' To capitalize on the increasing demand for these products we will continue to expand our product line, strengthen our manufacturing capacity and grow our global distribution channels in efforts to become the premier brand in this category”.
Strong Guidance Has Us Confident That New Highs Are On The Way For Sing
“We are excited for the launch of our 1606 Original Pre-rolled Hemp. We believe we can quickly scale the sales of this product via ecommerce and retail buyers. The Hemp Pre-rolls have a major profit margin which will support continued organic growth,” states Wil Ralston, President SinglePoint.
1606 Original Hemp cigarettes are nicotine and tobacco free. Some research suggests that smoking hemp cigarettes could be a potential tool to replace tobacco and nicotine addictions. According to a Brightfield Group survey of more than 5,000 CBD users in the U.S.:
24% have used it to help quit smoking.
Quitters are often replacing cigarettes with either smokable hemp or vaping.
41% of quitters have entirely replaced traditional smoking with hemp CBD.
According to a June 2019 market research report published by MarketsandMarkets™, the industrial hemp market is projected to grow from $4.6 billion in 2019 to $26.6 billion by 2025, recording a compound annual growth rate of 34.0% during the forecast period. The cannabidiol (CBD) market is on track to grow to $23.7 billion through 2023, according to Brightfield Group. The firm also estimated the smokable hemp market to be valued at $11.5 million in 2018, a growth of 250% from 2017.
“We have an exceptional strategic plan in making SinglePoint one of the biggest publicly traded companies in the Smokable hemp space. We believe we offer investors and our current shareholders tremendous value given our leadership position in several explosive markets including ecommerce, Hemp and Solar. As SinglePoint continues to grow revenue and profit we continue to strive for meeting the qualifications to apply for a listed exchange,” states Greg Lambrecht, CEO SinglePoint.
SinglePoint predicts growth in its markets will continue. Support for legalization passed Wednesday when lawmakers in the House Judiciary Committee approved a Bill that stands to decriminalize marijuana at the federal level. The Marijuana Opportunity Reinvestment and Expungement Act of 2019 (the “MORE Act”) passed by a wide margin with bipartisan support. This bill will now head to Senate; this is just the first of many steps but as support continues SinglePoint believes it will only continue to open up options for businesses to obtain legal payment processing accounts. SinglePoint is currently growing its portfolio of accounts and as soon as the company believes there is a viable, stable payments option it will be able to onboard additional clients.
As SinglePoint’s Hemp business continues to blossom, Direct Solar of America drives additional expansion. Direct Solar, a subsidiary of SinglePoint Inc. (SING), a leading residential and commercial solar brokerage, continues to exceed revenue growth targets and has been pivotal to improving the Company’s financials.
Quarter Three 2019 Highlights of Direct Solar include:
Contracts Originated $4,965,975 (installs set for Q4 and Q1 2020)
Opened in three new states
Launched high school partnership program with 47 Texas based high schools
Signed MOU with SchollyMe to develop online and mobile solar purchasing ability
Launched Direct Solar Capital and Direct Solar Commercial
Direct Solar of America is filling a gap in the solar market by providing homeowners the knowledge and comfort throughout the solar purchasing cycle. There are many complexities when it comes to the purchases including tax credits, leasing vs. buying, installers among other decisions to make. Direct Solar separates itself by becoming experts in the intricacies of solar in each market. Direct Solar has surpassed over $900,000 in revenue in just six months of operations.
Flagship CBD Portal, and Much More
Launched in 2017, SinglePoint's e-commerce site SingleSeed.com offers a wide variety of both in-house and third-party products ranging from topical creams to enhanced water to dog treats to vape cartridges. SinglePoint is actively growing the selection through its own product development efforts as well as through distribution partnerships with other brands.
To complement these efforts, the company operates a manufacturing facility in Carlsbad, California. The licensed factory provides formulation and production services for multiple brands, developing products both for its own SingleSeed brand as well as for partners on a white-label basis. Strategically located between Los Angeles and San Diego, the facility serves the world's largest legal cannabis market (California) as well as the broader and recently-legalized national CBD market.
Expansion into the facility came as a result of SinglePoint's 2017 acquisition of DIGS, an online, retail, and cannabis consulting company based in California. Carey Haas, DIGS CEO, recently stated that "Developing and manufacturing finished goods for clients of all sizes has been our key to success. With low minimum quantity orders, we are able to work with small clients and scale with them as they grow. Offering hemp topicals, lotions and vape pods and much more we are able to fulfill a vast array of services for clients. In just the last 60 days, we have moved into a larger facility, taken over $50,000 in orders, and acquired clients looking to increase production and reorder additional products."
SinglePoint recently ensured consistent supply of high quality hemp for CBD processing through an agreement with hemp and CBD-isolate supplier JMSJ Holdings. The company also announced a deal to be the master distributor for a line of hemp CBD 'cigarettes' called Pure Hemp. SinglePoint aims to leverage its extensive distribution relationships as well as CEO Greg Lambrecht's history with Premium Cigars International, an online and direct marketer of fine tobacco products he led to an IPO.
Click here to see the company corporate presentation
Complementary Initiatives
Early in SinglePoint's history, the company launched payment processing services into the burgeoning legal cannabis industry. That initial effort showed a lot of promise but ran into too many regulatory roadblocks to make it practical at such an early stage of the industry's development. The company sees more opportunity now and is refocusing its payments and merchant services offerings in the cannabis and hemp spaces, alongside a variety of other retail business verticals. Developing these accounts could complement SinglePoint's product distribution efforts by establishing trusted relationships with retailers in the space.
SinglePoint is also investigating the introduction of its highly successful Direct Solar model into the cannabis cultivation space. With high electricity costs among the biggest concerns for cannabis producers, the company sees a natural fit with small-scale solar operations. Direct Solar also has financing capabilities, making it as easy as possible for commercial customers to make the leap into solar.
Covering the Bases
SinglePoint is an investment company with disparate holdings, but there are definitely connectors amongst its businesses as they relate to the cannabis and hemp industries. The company offers equipment and consulting to growers, formulation and production of hemp-derived products, distribution through its online portal as well as through brick and mortar sites, its own retail product lines, and merchant services to retailers. That sort of comprehensive, vertically-integrated presence in the hemp CBD and cannabis world has been SinglePoint's goal for some time. Through a flurry of recent developments, it is becoming clear the company is executing on all fronts in the high growth world of legal hemp and cannabis products. Stay tuned for further developments…
About SinglePoint, Inc.
SinglePoint, Inc (SING) is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base.
Recent SinglePoint key highlights include:
Reported revenues of $1,050,374 for the three months ended September 30, 2019, a 176% increase over the same period in 2018
Signed an agreement with AFG Distribution of North Carolina to sell, market, and distribute the company’s newest product “1606 Original Hemp” a filtered hemp pre roll.
A joint venture with Smart Cannabis Corporation (OTC: SCNA) to license and market Smart Cannabis’ SMART APP. SMART APP enables cannabis growers to measure all aspects of cultivation, from soil nutrient levels to watering cycles and carbon dioxide content in the air. SMART APP will integrate SinglePoint’s bitcoin payment solution to enable growers to process safer and more secure transactions.
A joint venture with Global Payout (OTC: GOHE) will build on existing financial technology solutions developed by SinglePoint and Global Payout’s subsidiary MoneyTrac Technology, Inc., to fully optimize the delivery of mobile payment applications for domestic and international organizations.
A joint venture with AppSwarm (OTC: SWRM) to start development on a proprietary delivery application that will enable licensed cannabis delivery services and licensed dispensaries to safely make in-home cannabis deliveries.
Signed original “Shark Tank” member Kevin Harrington as company spokesman for an innovative, compatible virtual wallet to store any type of cryptocurrency. Harrington recently finished shooting a new national ad campaign featuring SinglePoint and the virtual wallet’s secure method of storing cryptocurrencies.
Entered into a letter of intent to acquire 100 percent of Bitcoin Beyond, a premier platform that enables merchants to accept bitcoin payments using existing web-enabled point-of-sale devices.
Through SING subsidiary, SingleSeed, the company will soon offer a proprietary cryptocurrency solution that links both cannabis merchants and consumers who seek to take advantage of bitcoin-powered transactions using debit and credit cards. In addition to making bitcoin-backed card purchases possible, the solution enables cannabis dispensaries to digitally track and manage their product inventories, performing tasks like uploading product data, photos and descriptions. The system deducts items automatically from a dispensary’s product listings when a purchase is made. While this fully KYC-AML compliant point-of-sale platform can be utilized for any other retail setting, it will fill a critical need in the underbanked cannabis industry as it continues to seek non-cash payment solutions outside of traditional banking circles.
SinglePoint CEO and founder Greg Lambrecht leads the company in its mission to capture opportunities through an aggressive expansion strategy across a broad range of assets. Lambrecht oversees all company operations including investor relations, leadership of the board of directors, and daily business activities. As the founder of PCI, a leading consumer product distribution company, Lambrecht negotiated agreements with the nation’s largest retail outlets and led PCI through a NASDAQ listed IPO, raising $10 million.
Eric Lofdahl, SinglePoint’s chief technology officer, has more than 20 years of experience in the technology sector including positions in software development, program management, complex system integration and engineering process definition. Prior to SinglePoint, Lofdahl worked at the Boeing Company where he led a team that successfully developed advanced wireless and satellite data products based on commercial technology for the U.S. Air Force.
SinglePoint President Wil Ralston is well known for his successful track record of building and maintaining great relationships with clients. Ralston graduated cum laude from the WP Carey School of Business at Arizona State University with a degree in Global Agribusiness and a specialization in Professional Golf Management. He is currently recognized by the Professional Golfers Association of America (PGA) as a Class A Professional
SING Product Lines
Payment Processing
Every business is unique. SinglePoints solutions are designed to meet your specific needs. From Restaurants to Gas Stations and e-commerce stores we are here to work with you on designing the solution that fits you best.
Below are some of the most common types of processing. Don’t worry if you don’t see your business type we can work with any business including High-Risk!!
Retail
This is when a customer is making a purchase face-to-face. Customers physically hand you their credit card and you swipe the card to start purchase transaction. Retail is typically the safest way to process transactions. This merchant type usually has the lowest Interchange rates of all six business types listed here.
Retail with Tip
This is the same as retail however the service you provide may have to option to include a tip. Examples are salons, quick serve coffee shops, and more.
Restaurant
Still a card present transaction just as retail is. The difference is that instead of paying up-front, customers are billed at the end. Servers can swipe the card at their point of sale machine and then come back later to adjust the amount to include a tip once the customer has signed the receipt.
MOTO
MOTO stands for Mail Order/Telephone Order. With this type of account your most likely do not see customers face to face. Expect higher rates as there is more room for error and fraud. However, our partners have security features in place for you, to help keep your processing costs low, such as fields to enter additional information to authenticate the transaction.
Internet / E-Commerce
Selling a product or service online? This is the account for you. Integrate with multiple shopping carts or utilize and API to tie into your own custom shopping cart. Customers will input their information to make the purchase. Your business will receive this order and payment and your ready to take the next steps in getting that customer their purchase.
Solar
A New Wave of Energy
SinglePoint has teamed up with Direct Solar to provide the most cost effective solar power systems for any needs. Currently serving, Arizona, Austin, Houston, San Antonio, El Paso, and South East New York for residential, commercial and municipal services.
Save money, save energy and receive more predictable energy costs through Solar. Energy costs can skyrocket at much as 300% during peak months and hours. Solar will reduce your need for on grid electricity and provide savings for your home and business.
Solar is Easy!
Our partner Direct Solar handles all the paperwork, permits, system requirement and everything in between. From call to install we will be there for you resulting in clean, hassle-free renewable energy for your home.
Zero money down
No upfront costs
FREE Installs
State / Federa incentives
SAVE MONEY on energy bills !!!
Text Marketing
Mobile Message Made Easy
Messaging – SinglePoint enables companies to send messages seamlessly to all mobile subscribers at one time. Easily send notifications, deals, coupons and even send a request for payment!
SMS – Commonly known as text messaging can send 160 character basic messages to your customers instantly.
High Open Rate
Reports show 99% of text messages are opened
Cross Device
All device support text. Consumers can receive text message no matter what device is being used
Used Daily
Text messaging is engrained in daily life. No need to download a new app.
Instantaneous
Reports show that 90% of text message are opened within three minutes of being sent.
The Bottom Line
Despite a record breaking year, shares of SING are trading at their 52-week low.
A run back to its 52-week of $0.028 from today's alert price would show traders a +180% ROI!
This is one of the most attractive buy-low/sell-high opportunities we've ever seen!
Let's also not forget, that just like several of our past big winners, SING trades on the OTCQB Venture Marketplace.
Securities trading on OTCQB have higher reporting and certification standards, which tends to lead to increased liquidity, investor confidence, as well as enhanced shareholder value.
This could be the perfect entry point for traders looking to get their maximum ROI on a ticker that appears to be destined for a breakout.
As such, we are urging all members to act fast, start their research, and make sure to add SING to the top of their watchlist
(*Remember to use a Stop-Loss Order or basic Limit Order to protect your gains, as well as limit possible losses.)
Best Regards,
Past performance is not an indicator of future returns. The publishers of this report are not investment advisors and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. The publishers of this report has received TEN thousand dollars compensation to complete this 1 DAY marketing campaign for SING .We have previously been compensated ten thousand dollars by a third party to conduct investor relations advertising and marketing for SING -which has now expired. Never make investment decisions based on anything the publisher of this report says. This message is meant for informational and educational purposes only and does not provide investment advice.
Our New Pick is: SinglePoint, Inc. (SING)
Current Price: $0.01
Investor Presentation
Website | News
========================
Members,
We've just identified another great trade idea with tremendous upside potential.
Please turn your immediate attention to SinglePoint, Inc. (SING).
SING is leading technology and acquisition company focused on making continued strategic acquisitions and investments in companies operating in high growth areas
The Company just released big news that we believe could spark a huge rally this week.
SinglePoint Announces Distributor Agreement with JTI USA
Minutes ago, the Company announced a new distribution agreement that allows for the expanded footprint of PrimeTime little cigars in North America and will be attending the 2019 MJBIZCON show in Las Vegas December 11-13, booth number C9132. The company recently signed on as a distributor for JTI USA, part of the JT Group of companies, a multibillion-dollar organization with international presence in 130 countries. Initially, SinglePoint will start out by supporting to further drive the distribution and sales of PrimeTime Little Cigars.
“We are excited to be working with SinglePoint. SinglePoint CEO Mr. Lambrecht’s prior experience in distribution of premium cigars, we believe will lead to continued growth of JTI USA products and the PrimeTime™ brand,” states Renee Duszynski, Director of Sales JTI.
SinglePoint will commence sales and take orders for JTI’s “PrimeTime Little Cigars” at the 2019 MJBIZCON being held at the Las Vegas Convention Center, December 11, 12 and 13.
“I’m excited and honored to be working with JTI to distribute PrimeTime Little Cigars... The opportunity to work with a global leader in this category is exciting and we are ready to expand Primetime’s U.S. market share with our unique experience in alternative markets. Having placed premium cigars in over 30,000 accounts, we expect this opportunity to be one of our major revenue sources in coming years, and to distribute additional JTI products as we grow this category,” says Greg Lambrecht, CEO SinglePoint.
PrimeTime Little Cigars are known as “The best flavored little cigars on the market” available in many flavors such as: Cherry, Grape, Vanilla, Peach and more. This tobacco product line offers a great alternative to cost conscious adult smokers, looking for a quality product.
“Innovation has always been central to what JTI does…For example, PrimeTime has the only encapsulation machine that can manufacture and package individual PrimeTime Little Cigars,” Lambrecht says.
A long-standing staple in the tobacco industry, PrimeTime has been in major accounts such as Circle K and 7/11 for over 20 years and continues to be a leading consumer brand, continuously gaining retailer and adult consumer traction. SinglePoint will be representing the product in its debut at MJBIZCON and will be taking orders at the show leading to additional distribution and alternative markets.
According to Mordor Intelligence, the global cigar market is forecasted to grow at a CAGR of 4.23% during the forecast period (2019-2024). The Cigar market is currently a $10 Billion market and growing.
This was the latest in what has been a month full of milestones for SING
On Friday, SING announced that it has signed an agreement with AFG Distribution of North Carolina to sell, market, and distribute the company’s newest product “1606 Original Hemp” a filtered hemp pre roll. The companies will exhibit at the MJBIZCON show in Las Vegas December 11-13, 2019. Singlepoint is in booths C9132 and C4247. AFG is in booth C2558.
According to Wil Ralston, President of SinglePoint, "A phenomenon is occurring where people are substituting or modifying tobacco consumption with smokable hemp. We believe we have the best filtered hemp pre roll using 100% hemp in the market and are tremendously excited to partner with AFG Distribution to accelerate our product placement into mainstream and alternative retail outlets nationwide.”
AFG Distribution Marketing Manager Bennett Dickert stated, “I see the smokable hemp trend continuing to grow across our over 8,000 accounts and my team here at AFG is excited to represent this outstanding product. We are confident that we can help establish ‘1606 Original Hemp’ as a meaningful leader in the hemp pre-roll category. Retail outlets and specialty shops across the country have dedicated shelf space for CBD and are anxious to expand, especially with hemp pre-rolls. SinglePoint as a public company brand brings an elevated standard of product to the market thereby enhancing the consumer’s experience while adding revenues and profits to the retailers.
As the company comes off its largest 3rd quarter in history, exceeding $1,000,000 in revenue for the quarter. The company continues to see expanded growth in two major markets, Hemp and Solar. Throughout Q4 and into 2020 SinglePoint will focus on growing these two market segments as demand increases for both. SinglePoint recently launched 1606 hemp which will have its major debut at the December 11-13, 2019 MJBIZCON where thousands will converge at the Las Vegas Convention Center to see the latest products in the industry. SinglePoint expects the sale of 1606 to be a large contributor in 2020 to overall company growth.
SING Sees +176% Revenue Growth In Q3. Largest Q3 In History
Last month, SING Reported revenues of $1,050,374 for the three months ended September 30, 2019, a 176% increase over the same period in 2018.
The Company’s most recent acquisition, Direct Solar, continues to exceed revenue growth targets and has been pivotal to improving the Company’s financials.
Third Quarter 2019 Unaudited Financial Performance Highlights:
Revenues of $1,050,374
Cash on hand $294,062
Gross Profit $525,891
Third Quarter 2019 Unaudited Financial Performance Summary: (comparisons to prior year period):
Total revenues were $1,050,374 compared to $381,037;
Gross profit was $525,891 compared to $75,353;
Nine Months 2019 Unaudited Financial Performance Summary: (comparisons to prior year period)
Total revenues were $2,170,123 compared to $881,157;
Gross profit was $559,729 compared to $229,017;
“This has been a great quarter for SinglePoint, we are very excited to see the growth of the company. We are establishing solid financials and we anticipate a big fourth quarter. Everything is firing on all cylinders and we continue to hit our numbers. We believe SinglePoint’s revenues will continue to grow as our subsidiary Direct Solar expanded into new markets,” states Greg Lambrecht CEO SinglePoint.
According to VP of Sales Don Smith, “Initial response to the ‘Pure American Hemp Cigarette’ has been overwhelming. After a successful launch at the National Association of Convenience Stores Show in October 2019, we have shipped multiple orders to both distribution and retail clients. SinglePoint is launching our newest smokable hemp-based product - 'ORIGINAL 1606 HEMP.' To capitalize on the increasing demand for these products we will continue to expand our product line, strengthen our manufacturing capacity and grow our global distribution channels in efforts to become the premier brand in this category”.
Strong Guidance Has Us Confident That New Highs Are On The Way For Sing
“We are excited for the launch of our 1606 Original Pre-rolled Hemp. We believe we can quickly scale the sales of this product via ecommerce and retail buyers. The Hemp Pre-rolls have a major profit margin which will support continued organic growth,” states Wil Ralston, President SinglePoint.
1606 Original Hemp cigarettes are nicotine and tobacco free. Some research suggests that smoking hemp cigarettes could be a potential tool to replace tobacco and nicotine addictions. According to a Brightfield Group survey of more than 5,000 CBD users in the U.S.:
24% have used it to help quit smoking.
Quitters are often replacing cigarettes with either smokable hemp or vaping.
41% of quitters have entirely replaced traditional smoking with hemp CBD.
According to a June 2019 market research report published by MarketsandMarkets™, the industrial hemp market is projected to grow from $4.6 billion in 2019 to $26.6 billion by 2025, recording a compound annual growth rate of 34.0% during the forecast period. The cannabidiol (CBD) market is on track to grow to $23.7 billion through 2023, according to Brightfield Group. The firm also estimated the smokable hemp market to be valued at $11.5 million in 2018, a growth of 250% from 2017.
“We have an exceptional strategic plan in making SinglePoint one of the biggest publicly traded companies in the Smokable hemp space. We believe we offer investors and our current shareholders tremendous value given our leadership position in several explosive markets including ecommerce, Hemp and Solar. As SinglePoint continues to grow revenue and profit we continue to strive for meeting the qualifications to apply for a listed exchange,” states Greg Lambrecht, CEO SinglePoint.
SinglePoint predicts growth in its markets will continue. Support for legalization passed Wednesday when lawmakers in the House Judiciary Committee approved a Bill that stands to decriminalize marijuana at the federal level. The Marijuana Opportunity Reinvestment and Expungement Act of 2019 (the “MORE Act”) passed by a wide margin with bipartisan support. This bill will now head to Senate; this is just the first of many steps but as support continues SinglePoint believes it will only continue to open up options for businesses to obtain legal payment processing accounts. SinglePoint is currently growing its portfolio of accounts and as soon as the company believes there is a viable, stable payments option it will be able to onboard additional clients.
As SinglePoint’s Hemp business continues to blossom, Direct Solar of America drives additional expansion. Direct Solar, a subsidiary of SinglePoint Inc. (SING), a leading residential and commercial solar brokerage, continues to exceed revenue growth targets and has been pivotal to improving the Company’s financials.
Quarter Three 2019 Highlights of Direct Solar include:
Contracts Originated $4,965,975 (installs set for Q4 and Q1 2020)
Opened in three new states
Launched high school partnership program with 47 Texas based high schools
Signed MOU with SchollyMe to develop online and mobile solar purchasing ability
Launched Direct Solar Capital and Direct Solar Commercial
Direct Solar of America is filling a gap in the solar market by providing homeowners the knowledge and comfort throughout the solar purchasing cycle. There are many complexities when it comes to the purchases including tax credits, leasing vs. buying, installers among other decisions to make. Direct Solar separates itself by becoming experts in the intricacies of solar in each market. Direct Solar has surpassed over $900,000 in revenue in just six months of operations.
Flagship CBD Portal, and Much More
Launched in 2017, SinglePoint's e-commerce site SingleSeed.com offers a wide variety of both in-house and third-party products ranging from topical creams to enhanced water to dog treats to vape cartridges. SinglePoint is actively growing the selection through its own product development efforts as well as through distribution partnerships with other brands.
To complement these efforts, the company operates a manufacturing facility in Carlsbad, California. The licensed factory provides formulation and production services for multiple brands, developing products both for its own SingleSeed brand as well as for partners on a white-label basis. Strategically located between Los Angeles and San Diego, the facility serves the world's largest legal cannabis market (California) as well as the broader and recently-legalized national CBD market.
Expansion into the facility came as a result of SinglePoint's 2017 acquisition of DIGS, an online, retail, and cannabis consulting company based in California. Carey Haas, DIGS CEO, recently stated that "Developing and manufacturing finished goods for clients of all sizes has been our key to success. With low minimum quantity orders, we are able to work with small clients and scale with them as they grow. Offering hemp topicals, lotions and vape pods and much more we are able to fulfill a vast array of services for clients. In just the last 60 days, we have moved into a larger facility, taken over $50,000 in orders, and acquired clients looking to increase production and reorder additional products."
SinglePoint recently ensured consistent supply of high quality hemp for CBD processing through an agreement with hemp and CBD-isolate supplier JMSJ Holdings. The company also announced a deal to be the master distributor for a line of hemp CBD 'cigarettes' called Pure Hemp. SinglePoint aims to leverage its extensive distribution relationships as well as CEO Greg Lambrecht's history with Premium Cigars International, an online and direct marketer of fine tobacco products he led to an IPO.
Click here to see the company corporate presentation
Complementary Initiatives
Early in SinglePoint's history, the company launched payment processing services into the burgeoning legal cannabis industry. That initial effort showed a lot of promise but ran into too many regulatory roadblocks to make it practical at such an early stage of the industry's development. The company sees more opportunity now and is refocusing its payments and merchant services offerings in the cannabis and hemp spaces, alongside a variety of other retail business verticals. Developing these accounts could complement SinglePoint's product distribution efforts by establishing trusted relationships with retailers in the space.
SinglePoint is also investigating the introduction of its highly successful Direct Solar model into the cannabis cultivation space. With high electricity costs among the biggest concerns for cannabis producers, the company sees a natural fit with small-scale solar operations. Direct Solar also has financing capabilities, making it as easy as possible for commercial customers to make the leap into solar.
Covering the Bases
SinglePoint is an investment company with disparate holdings, but there are definitely connectors amongst its businesses as they relate to the cannabis and hemp industries. The company offers equipment and consulting to growers, formulation and production of hemp-derived products, distribution through its online portal as well as through brick and mortar sites, its own retail product lines, and merchant services to retailers. That sort of comprehensive, vertically-integrated presence in the hemp CBD and cannabis world has been SinglePoint's goal for some time. Through a flurry of recent developments, it is becoming clear the company is executing on all fronts in the high growth world of legal hemp and cannabis products. Stay tuned for further developments…
About SinglePoint, Inc.
SinglePoint, Inc (SING) is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base.
Recent SinglePoint key highlights include:
Reported revenues of $1,050,374 for the three months ended September 30, 2019, a 176% increase over the same period in 2018
Signed an agreement with AFG Distribution of North Carolina to sell, market, and distribute the company’s newest product “1606 Original Hemp” a filtered hemp pre roll.
A joint venture with Smart Cannabis Corporation (OTC: SCNA) to license and market Smart Cannabis’ SMART APP. SMART APP enables cannabis growers to measure all aspects of cultivation, from soil nutrient levels to watering cycles and carbon dioxide content in the air. SMART APP will integrate SinglePoint’s bitcoin payment solution to enable growers to process safer and more secure transactions.
A joint venture with Global Payout (OTC: GOHE) will build on existing financial technology solutions developed by SinglePoint and Global Payout’s subsidiary MoneyTrac Technology, Inc., to fully optimize the delivery of mobile payment applications for domestic and international organizations.
A joint venture with AppSwarm (OTC: SWRM) to start development on a proprietary delivery application that will enable licensed cannabis delivery services and licensed dispensaries to safely make in-home cannabis deliveries.
Signed original “Shark Tank” member Kevin Harrington as company spokesman for an innovative, compatible virtual wallet to store any type of cryptocurrency. Harrington recently finished shooting a new national ad campaign featuring SinglePoint and the virtual wallet’s secure method of storing cryptocurrencies.
Entered into a letter of intent to acquire 100 percent of Bitcoin Beyond, a premier platform that enables merchants to accept bitcoin payments using existing web-enabled point-of-sale devices.
Through SING subsidiary, SingleSeed, the company will soon offer a proprietary cryptocurrency solution that links both cannabis merchants and consumers who seek to take advantage of bitcoin-powered transactions using debit and credit cards. In addition to making bitcoin-backed card purchases possible, the solution enables cannabis dispensaries to digitally track and manage their product inventories, performing tasks like uploading product data, photos and descriptions. The system deducts items automatically from a dispensary’s product listings when a purchase is made. While this fully KYC-AML compliant point-of-sale platform can be utilized for any other retail setting, it will fill a critical need in the underbanked cannabis industry as it continues to seek non-cash payment solutions outside of traditional banking circles.
SinglePoint CEO and founder Greg Lambrecht leads the company in its mission to capture opportunities through an aggressive expansion strategy across a broad range of assets. Lambrecht oversees all company operations including investor relations, leadership of the board of directors, and daily business activities. As the founder of PCI, a leading consumer product distribution company, Lambrecht negotiated agreements with the nation’s largest retail outlets and led PCI through a NASDAQ listed IPO, raising $10 million.
Eric Lofdahl, SinglePoint’s chief technology officer, has more than 20 years of experience in the technology sector including positions in software development, program management, complex system integration and engineering process definition. Prior to SinglePoint, Lofdahl worked at the Boeing Company where he led a team that successfully developed advanced wireless and satellite data products based on commercial technology for the U.S. Air Force.
SinglePoint President Wil Ralston is well known for his successful track record of building and maintaining great relationships with clients. Ralston graduated cum laude from the WP Carey School of Business at Arizona State University with a degree in Global Agribusiness and a specialization in Professional Golf Management. He is currently recognized by the Professional Golfers Association of America (PGA) as a Class A Professional
SING Product Lines
Payment Processing
Every business is unique. SinglePoints solutions are designed to meet your specific needs. From Restaurants to Gas Stations and e-commerce stores we are here to work with you on designing the solution that fits you best.
Below are some of the most common types of processing. Don’t worry if you don’t see your business type we can work with any business including High-Risk!!
Retail
This is when a customer is making a purchase face-to-face. Customers physically hand you their credit card and you swipe the card to start purchase transaction. Retail is typically the safest way to process transactions. This merchant type usually has the lowest Interchange rates of all six business types listed here.
Retail with Tip
This is the same as retail however the service you provide may have to option to include a tip. Examples are salons, quick serve coffee shops, and more.
Restaurant
Still a card present transaction just as retail is. The difference is that instead of paying up-front, customers are billed at the end. Servers can swipe the card at their point of sale machine and then come back later to adjust the amount to include a tip once the customer has signed the receipt.
MOTO
MOTO stands for Mail Order/Telephone Order. With this type of account your most likely do not see customers face to face. Expect higher rates as there is more room for error and fraud. However, our partners have security features in place for you, to help keep your processing costs low, such as fields to enter additional information to authenticate the transaction.
Internet / E-Commerce
Selling a product or service online? This is the account for you. Integrate with multiple shopping carts or utilize and API to tie into your own custom shopping cart. Customers will input their information to make the purchase. Your business will receive this order and payment and your ready to take the next steps in getting that customer their purchase.
Solar
A New Wave of Energy
SinglePoint has teamed up with Direct Solar to provide the most cost effective solar power systems for any needs. Currently serving, Arizona, Austin, Houston, San Antonio, El Paso, and South East New York for residential, commercial and municipal services.
Save money, save energy and receive more predictable energy costs through Solar. Energy costs can skyrocket at much as 300% during peak months and hours. Solar will reduce your need for on grid electricity and provide savings for your home and business.
Solar is Easy!
Our partner Direct Solar handles all the paperwork, permits, system requirement and everything in between. From call to install we will be there for you resulting in clean, hassle-free renewable energy for your home.
Zero money down
No upfront costs
FREE Installs
State / Federa incentives
SAVE MONEY on energy bills !!!
Text Marketing
Mobile Message Made Easy
Messaging – SinglePoint enables companies to send messages seamlessly to all mobile subscribers at one time. Easily send notifications, deals, coupons and even send a request for payment!
SMS – Commonly known as text messaging can send 160 character basic messages to your customers instantly.
High Open Rate
Reports show 99% of text messages are opened
Cross Device
All device support text. Consumers can receive text message no matter what device is being used
Used Daily
Text messaging is engrained in daily life. No need to download a new app.
Instantaneous
Reports show that 90% of text message are opened within three minutes of being sent.
The Bottom Line
Despite a record breaking year, shares of SING are trading at their 52-week low.
A run back to its 52-week of $0.028 from today's alert price would show traders a +180% ROI!
This is one of the most attractive buy-low/sell-high opportunities we've ever seen!
Let's also not forget, that just like several of our past big winners, SING trades on the OTCQB Venture Marketplace.
Securities trading on OTCQB have higher reporting and certification standards, which tends to lead to increased liquidity, investor confidence, as well as enhanced shareholder value.
This could be the perfect entry point for traders looking to get their maximum ROI on a ticker that appears to be destined for a breakout.
As such, we are urging all members to act fast, start their research, and make sure to add SING to the top of their watchlist
(*Remember to use a Stop-Loss Order or basic Limit Order to protect your gains, as well as limit possible losses.)
Best Regards,
Past performance is not an indicator of future returns. The publishers of this report are not investment advisors and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. The publishers of this report has received TEN thousand dollars compensation to complete this 1 DAY marketing campaign for SING .We have previously been compensated ten thousand dollars by a third party to conduct investor relations advertising and marketing for SING -which has now expired. Never make investment decisions based on anything the publisher of this report says. This message is meant for informational and educational purposes only and does not provide investment advice.