Tuesday 7 January 2020
#Cannabis/ #Solar #Stock News: SinglePoint (OTCQB: $SING) CEO Shares Exciting 2020 Vision; @_singlepoint_
#Cannabis/ #Solar #Stock
News: SinglePoint (OTCQB: $SING) CEO Shares Exciting 2020 Vision;
@_singlepoint_
#SinglePoint Inc. ( $SING) shares a recap of
2019 and direction for 2020
Phoenix, Arizona - January 7, 2020
(Investorideas.com Newswire) To our shareholders:
I personally want to thank all of our 24,000+
shareholders for their continuing support of SinglePoint. This year management
has set an internal goal to surpass $10,000,000 in gross revenues, primarily by
the Company's subsidiary SinglePoint Direct Solar LLC ("Direct Solar"
doing business as Direct Solar of America). 2019 was a great year for
SinglePoint in terms of continued fundamental improvement, setting the
foundation for anticipated continued growth in 2020 and beyond. The Company
achieved some significant milestones this year; it became fully reporting with
the Securities and Exchange Commission, increased annual revenue, and acquired
a Fifty One Percent interest in Direct Solar. We will continue to focus on
creating shareholder value utilizing an acquisition strategy looking for
emerging growth companies that would benefit from exposure and access to
capital that a public company can provide.
Direct Solar now has over 60 people deployed across
11 states and 20 cities. In the 3rd and 4th quarters of 2019 we launched a
national proprietary brand. 1606 Original Hemp capitalizes on the emerging
trend in the smokable hemp market and has already been picked up by distributors
and retail outlets. We also continue to expand our merchant service portfolio.
From 2017 to 2018 our gross revenue increased over
344% and is expected to increase to approximately $3,000,000 (Three Million) in
2019 representing our largest annual reported revenue in company history. In
2020 we expect this revenue increase to continue as SinglePoint will benefit
from a full operating year of Direct Solar.
My belief in SinglePoint is more concrete than
ever. As the CEO and a large shareholder, I have personally invested capital
into the company to expand our growth and operations. SinglePoint has made
tremendous strides in sales revenue and account acquisition which gives me a
high level of confidence and excitement for the future.
In 2020 management is optimistic that the
establishment of solid fundamentals and the continued growth of the Company
provides the opportunity to drive the Company's market cap and overall
shareholder to exceed historical levels. Over the past three years the volume
weighted average price has been approximately $0.05 and our historical average
daily volume has provided significant liquidity for our shareholders.(1)
The 2020 domestic Solar Market is showing continued
signs of riding a new tailwind driven by talks of a New Green Deal. We
anticipate that renewables will continue to be an important issue around the
country, and plan to focus the majority of our attention on growth in the solar
and renewables space. National media attention on the renewable energy
opportunities should provide increased exposure which we believe will help
drive the business, and revenue of Direct Solar, and hopefully increase our
market cap and shareholder value. We are not alone in our belief in the
emerging renewable energy market; recently Goldman
Sachs has announced a $4,000,000,000 fund for
renewable energy.
Vision for 2020
We plan to drive our 2020 vision through organic
growth in high value, high opportunity markets, scale and grow revenue through
synergistic acquisitions, and to invest in and develop exceptional talent
within our organization and our subsidiaries. In mid 2019 we acquired Direct
Solar which has grown at a greater rate than anticipated, and has developed a
scalable business model that is attracting talented industry business
professionals to help accelerate its rapid national footprint expansion. In
just a few months since May 2019 Direct Solar has expanded into multiple states
including Arizona, Texas, New Mexico, Illinois, Florida, Missouri, and South
Carolina.
Direct Solar operates under a unique national solar
energy brokerage model. It helps identify and provide contractors for the
installation of the best available solar energy system for any residential or
commercial location. This model benefits our customers by making sure they see
increased benefits and complete satisfaction, while we make sure they realize
the most optimal cost savings. With various financing options, multiple choices
for Solar Power technology, and 100's of contractors to choose from, our
customers value our extensive experience in creating customized solutions that
meet their needs. We are changing the way people currently purchase solar.
Continuing to scale Direct Solar is a strategic focus for 2020. We continue to
explore additional markets and assess market viability.
In addition to the success of Direct Solar, our
initial investment in Jacksam Corporation also proved to be fortuitous. Jacksam
Corporation continued to grow within its market and eventually went public at
an initial valuation which was higher than our initial investment.
Additionally, our acquisition of Discount Indoor Garden Supplies, Inc.
("DIGS") is beginning to produce positive results. DIGS is an
established business providing white label and fulfillment services for the
hemp and CBD industry. DIGS is self-sustaining and continues to organically
grow providing the company with additional revenue each year. Our early success
with DIGS led us to reinvent SingleSeed which now provides CBD products direct
to consumers at SingleSeed.com. Our exposure to the consumer CBD market allows us to identify early
consumer product trends and opportunities, which we are uniquely positioned to
take advantage of given our historical expertise. In late 2019 we developed and
launched a proprietary brand of hemp products called "1606 Original
Hemp" and 1606hemp.com. We are encouraged by the reception and demand this new product
category received at the 2019 National Association of Convenience Store Show
("NACS"). Our success at NACS with the smokable hemp product allowed
SinglePoint to secure a distribution agreement to distribute PrimeTime Flavored
Cigars with Japan Tobacco USA, a division of Japan Tobacco International which
operates in over 130 countries. I have a long history in the Consumer Product
space and was a part of the initial launch of the PrimeTime product, placing it
in over 25,000 accounts, in conjunction with my involvement at Premium Cigars
International in which I was a principal founder prior to its Initial Public
Offering on NASDAQ.
In closing, I believe best of SinglePoint is yet to
come. I believe we are currently undervalued compared to our historical
valuation range over the past three years, but our continued focus on the
fundamentals of acquiring great businesses in emerging markets is starting to
show results that should increase our shareholder value. I started SinglePoint
over 13 years ago as LifeStyle Wireless. I have been the CEO of this public
entity since 2011, working every day to increase shareholder value. Through
revenue and profit we expect our share price to follow suit. I believe our
acquisitions have the ability to create sustainable revenue growth and
profitability. I am committed to continuing to improve the Company's profile as
evidenced by SinglePoint achieving fully reporting status with the SEC and
listing to the OTCQB. There is more work to do and SinglePoint is up to the
challenge. I am looking forward to more positive results this year and
appreciate the continued support of our shareholders.
-Go SING!
Sincerely
Greg Lambrecht
Founder and Chief Executive Officer
SinglePoint, Inc.
Founder and Chief Executive Officer
SinglePoint, Inc.
About SinglePoint, Inc.
SinglePoint,
Inc (SING) invests in and acquires brands and
companies that will benefit from an injection of growth capital and the sales
and marketing expertise of SinglePoint. The Company's portfolio currently includes
solar, Hemp and distribution tobacco products. SinglePoint is working to grow
the company to a multinational brand.
About Direct Solar of America
Direct
Solar of America is a subsidiary of SinglePoint Inc. (SING). Direct Solar of America, a solar energy brokerage, helps find and
install the best available solar energy system for any building, residential or
commercial.
About DIGS
DIGS operates Private Label Hemp Co which is a seed to
sale full-service private label manufacturer of industrial hemp CBD products
with over 10 years industry experience. All of our products are of the highest
quality and include third party accredited lab Certificates of Analysis (CoA's)
demonstrating purity and potency.
About SingleSeed
SingleSeed is an ecommerce platform distributing multiple brands of hemp CBD
products. We strive for quality in the products we produce and carry.
SingleSeed offers the highest quality USA grown Hemp based CBD Products. We
pride ourselves on providing premium products and customer service to ensure
the best experience possible. SingleSeed offers a variety of CBD products from
tinctures to capsules. Quality CBD you can Trust.
Connect on social media at:
Forward-Looking Statements
Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under the Securities
Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are
subject to the safe harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without limitation,
statements regarding potential future revenues, growth, acquisitions, financial
projections, plans and objectives of the Company, are forward-looking
statements that involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements.
Technical complications, which may arise, could
prevent the prompt implementation of any strategically significant plan(s)
outlined above. The Company undertakes no duty to revise or update any
forward-looking statements to reflect events or circumstances after the date of
this release.
More info on SING at Investorideas.com Visit: https://www.investorideas.com/CO/SING/
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SinglePoint Inc (OTCQB: SING) is a paid annual news and social media
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Monday 6 January 2020
Investorideas.com - Cannabis Stock News: Supreme Cannabis (TSX: FIRE) (OTCQX: SPRWF) Announces Leadership Transition as Company Accelerates Transformation into Premium Cannabis CPG Company
Investorideas.com - Cannabis Stock News: Supreme Cannabis (TSX: FIRE) (OTCQX: SPRWF) Announces Leadership Transition as Company Accelerates Transformation into Premium Cannabis CPG Company
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www.investorideas.com - news that inspires big ideas
Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move; (CSE: $HARV.C) (CSE: $HUGE.C) (OTCQX: $MRMD) (TSXV: $LIFT.V) (OTCQB: $LFCOF)
Investor
Ideas #Potcasts; #Cannabis News and #Stocks on the Move; (CSE: $HARV.C) (CSE: $HUGE.C) (OTCQX: $MRMD) (TSXV: $LIFT.V)
(OTCQB: $LFCOF)
Delta, Kelowna, BC, January 6, 2020 (Investorideas.com Newswire)
www.Investorideas.com, a global news source covering leading sectors including
marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast edition of cannabis news and stocks to watch plus insight
from thought leaders and experts.
Listen to the podcast:
Read this in full
at https://www.investorideas.com/news/2020/cannabis-potcasts/01061HARV-HUGE-MRMD-LIFT-LFCOF.asp
Today’s podcast overview/transcript:
Good
afternoon and welcome to another episode of Investorideas.com
"Potcast" featuring cannabis news, stocks to watch as well as
insights from thought leaders and experts.
In
today’s podcast we look at a few early announcements.
But
first, while sales of Cannabis 2.0 products has begun in most every province
already, the latest generation of cannabis products will now also be available
for legal sale in Ontario starting
today as The Ontario Cannabis Store releases 59 new
products, including edibles, beverages, lotions and concentrates.
Like
with dry flower the year previous, the OCS warns supplies are limited and
expected to run out fast.
Harvest Health
& Recreation Inc. (CSE:
HARV) (OTCQX:
HRVSF), a vertically integrated cannabis company with one of
the largest and deepest footprints in the U.S.,
today announced that negotiations to acquire Interurban
Capital Group, Inc., the owner and operator of Have a Heart CC, have reached a
stage that require disclosure.
Preliminary
terms contemplate an acquisition price of approximately $87.5 million in
Harvest stock and assumption of debt convertible into 205,594 multiple voting
shares of Harvest stock, subject to applicable Canadian securities laws. Have a
Heart assets include 11 operating dispensaries in California, Washington and
Iowa and licenses for seven retail locations in California.
Prior
to completion, the potential acquisition remains subject to, among other
things, due diligence, the execution of definitive agreements, the receipt of
regulatory approvals and the satisfaction or waiver of closing conditions
customary for a transaction of this nature.
FSD Pharma Inc. (CSE:
HUGE) (OTCQB:
FSDDF)
announced that its Class B Subordinate Voting Shares have been
approved for listing on the NASDAQ Capital Market under the symbol 'HUGE'.
Trading on the NASDAQ is expected to commence at market open on Thursday,
January 9, 2020.
The
Company's Shares will continue to be listed on the Canadian Securities Exchange
under the symbol 'HUGE'.
"As
we announce this much anticipated and coveted milestone, I want to congratulate
the FSD Pharma team, our stakeholders, and, most importantly, our shareholders.
I also want to extend my gratitude to the members of the Board of Directors of
FSD Pharma, and especially to the founders of the Company, for their vision and
for giving me an opportunity to lead the FSD Pharma team to achieve this
strategic advantage. It is exciting to realize that once we begin trading on
NASDAQ, we will be included in a select group of 12 Canadian-domiciled cannabis
companies trading on either the NYSE or NASDAQ, and the first company in the
history of the Canadian Securities Exchange (CSE) to be dual-listed on a major
U.S. exchange," stated Raza Bokhari, MD, Executive Co-Chairman and CEO.
MariMed
Inc. (OTCQX:
MRMD) a leading multi-state cannabis and hemp operator
focused on health and wellness, announced
today that their Illinois dispensaries in Anna and
Harrisburg saw a significant uptick in sales on the first day under new laws to
legalize recreational use of cannabis throughout the state.
In May 2019, the
Illinois General Assembly passed the HB 1438 law legalizing recreational
cannabis use and sale in the state for adults which became effective January 1,
2020. Illinois is the 11th state in the nation to allow the sale of
recreational marijuana. Thirty-three states allow the sale of marijuana for
medical use, which Illinois legalized in 2013. Industry analysts estimate the
new legal market for recreational, or adult-use cannabis, could exceed $2
billion annually. This new market is in addition to a surging medical marijuana
market, which, according to Illinois government sources nearly doubled in size
and number of patients during 2019, exceeding $200 million and nearly 90,000,
respectively.
On Dec. 31, the eve
of adult-use cannabis legalization in Illinois, Gov. J.B. Pritzker announced
that he was pardoning more than 11,000 low-level cannabis-related convictions
ahead of adult-use sales. The pardon cleared 11,017 convictions involving less
than 30 grams of cannabis.
According to
Marijuana Business Daily, the maximum number of adult-use dispensaries allowed
in Illinois in 2020 is 185, or 1.5 retail stores per 100,000 residents. By
comparison, Oregon currently has 15.7 recreational marijuana retailers per
100,000 residents. MariMed Inc. plans to open two additional Illinois
dispensaries in the coming year.
MariMed’s
dispensaries in Anna and Harrisburg, which operate under the Thrive brand, saw
customers waiting outside for hours before opening. MariMed worked hard prior
to January 1st to prepare for expected demand by recreational users
while ensuring valued medical customers would still receive the attention,
service and access to products that they have come to expect. It was positive to see demand appearing to
be as high in rural areas as in the more concentrated and competitive urban
areas of the state.
According to Gorgi
Naumovski, MariMed’s Director of Operations in Illinois, “The customers were
thrilled to legally purchase recreational cannabis in Illinois for the first
time. This was the single busiest day in over 3 years of operations with
customer count more than 5 times that of a normal day. We are excited for the
industry and what the future holds for the state of Illinois and MariMed.”
During 2019, under
MariMed management, revenue from sales to medical patients grew significantly.
With the addition of recreational clientele, MariMed is expected to realize
significant revenue growth in 2020 which will be reflected in MariMed’s
reported financial results.
MariMed CEO, Bob Fireman,
noted that, “We are excited to see the response by the people of Illinois to
the new law. Gorgi and his team led by Rosie Naumovski, worked diligently
servicing our medical patients while preparing for the recreational launch in
our two dispensaries. They are in the
process of developing two additional adult use dispensaries in Illinois allowed
under our licenses. They have been
valuable advocates for the Illinois cannabis programs from their inception
providing guidance to both state and local authorities. We are proud to have
them as part of the MariMed team. With our consolidation on track, MariMed’s
revenue from these licensed businesses will now be included in our financial
results in 2020 which in turn, will generate greater long-term value for our
shareholders.”
Lift
& Co. Corp. (TSXV:
LIFT) (OTCQB:
LFCOF) returns to Vancouver this week with the annual Lift & Co.
Cannabis Business Conference on Thursday, January 9 at the Vancouver Convention
Centre. Canadian and international industry and business leaders will be taking
the stage for a day of dedicated talks on the topmost topics affecting cannabis
going into 2020.
The Lift & Co.
Cannabis Expo then takes over the VCC for a massive two-day trade show on
Friday, January 10 and Saturday, January 11.
Tapping into this
trend, this year’s 2020 LCBC keynote will be Data: The New Soil For Cannabis Growth, for which Lift & Co.
will be joined on stage by two of North America’s leading data and consulting
firms, Nielsen and EY Canada. This trio of presentations, moderated by Ipsos,
will address the future of data insights and how analytics will propel cannabis
into the next major CPG category.
Lift
& Co. will also be on the Fire &
Flower Stage at the Expo on Friday for a deeper dive into cannabis consumer
insights with a second data talk alongside Ipsos and BDS analytics.
“We’re so excited
to welcome CPG insights heavyweights like Nielsen, Ipsos, and EY Canada to
elevate the cannabis conversation this year,” said Matei Olaru, CEO of Lift
& Co. “Their presence signals an important shift for cannabis in year two,
and will set the tone for a three-day event that will offer attendees the
earliest view into cannabis in 2020. Lift & Co. has always strived to drive
important topics forward at our events, and we’re looking forward to what is
shaping up to be our most important Vancouver conference to date.”
These data sessions
come on the heels of the launch of Lift & Co.’s consumer insights platform Cohesion in 2019, and recently announced
strategic partnership with Nielsen to create an industry-first consumer
segmentation tool for early 2020.
Additional LCBC
talk highlights include:
● The Power and Potential of Psychedelics:
Leading researchers and entrepreneurs provide insights into this uncharted
industry
● Lessons from California: Building a Brand
and an Industry: California-based cannabis leaders will share their
insights and some lessons Canada can take away
● Trust after CannTrust: Rebuilding
Confidence in the Industry: three presentations each touch on how
brands can reframe the conversation to establish and maintain customer
confidence
The Lift & Co.
Cannabis Expo Vancouver 2020 takes place following LCBC, on January 10 and 11.
The Expo features over 280 exhibitors and two full days of talks on the Fire & Flower Stage. Together, LCBC
and Expo are Canada’s largest cannabis consumer and industry convention, with
last year’s Vancouver event drawing in more than 18,000 visitors.
Investorideas.com
and this podcast will attending the conference as media and will be doing
interviews on the Friday, January 10th at 11am, 12pm and 1pm in the MEDIA ZONE
Please call or
email us to ask about participating
Investor ideas
reminds all listeners to read our disclaimers and disclosures on the
Investorideas.com
website and this podcast is not an endorsement to buy products or services or
securities. Investors are reminded all investment involves risk and possible
loss of investment
Learn more about
our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
Investorideas.com
podcasts are also available on iTunes,
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Friday 3 January 2020
Investorideas.com - CSE New Cannabis Listing: Adastra Labs Holdings Ltd. (XTRX)
Investorideas.com - CSE New Cannabis Listing: Adastra Labs Holdings Ltd. (XTRX)
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