- SinglePoint CEO Greg Lambrecht enthusiastic about revenue potential for CBD products in light of recent U.S. legalization
- The company plans on diversifying its CBD market opportunities through both Amazon and its online store, www.SingleSeed.com
- Lambrecht notes that the company will be “going after” the CBD and cannabis market “very hard” in 2019
SinglePoint, Inc. (OTCQB: SING), a diversified holding company specializing in the acquisition of small- to mid-sized companies (with an emphasis on new technologies), urges investors to “not sleep on SinglePoint” in 2019 as it looks ahead at a potentially impressive year filled with expansion and revenue growth.
SinglePoint provides its investors the opportunity to invest in a wide range of assets, including payment processing, cannabis and blockchain technologies. Recently, SinglePoint CEO Greg Lambrecht was featured on MoneyTV with Donald Baillargeon to speak to the impact of federal CBD legalization in the United States.
When asked about how the federal legalization of hemp and CBD would impact his company, Lambrecht said (http://cnw.fm/6jnU9), “We’re so excited…we’re going to go after that market very hard. As you know, SinglePoint is now a fully reporting OTCQB company, so we have a lot of opportunities for investment and acquisitions in the CBD market.” Lambrecht indicated that the company would be aggressively pursuing new opportunities in the CBD industry to take advantage of the burgeoning cannabis industry.
SinglePoint has had a historic interest in the CBD market. Lambrecht noted, “In 2014, we were putting terminals in dispensaries and were shut down [by the federal government], but now that CBD is federally legal, that allows us to spend the dollars necessary to be a competitor in the CBD industry.” He continued, “We’ve already signed up for four of the biggest trade shows in the country, [and] we’re going to have our [CBD] rack package ready.”
Aside from trade shows, Lambrecht sees the recent federal legislation opening doors for corner stores in towns across the nation. He explained (http://cnw.fm/6jnU9), “We’re going to go really hard at retail and try to really dominate that market. Now your Walgreens, Circle Ks, [etc.] can put this product in their stores without worrying that the federal government will give them a fine.” Lambrecht added that his personal experience in placing products in retail would align with SinglePoint’s retail goals for 2019.
When asked specifically about the effect that CBD and hemp legalization would have on SinglePoint’s online store, www.Singleseed.com, Lambrecht spoke enthusiastically about the website’s untapped potential. “We’re really getting bombarded with investors right now, and we can take that money and increase our SEO marketing [putting] more products on our online site.” Lambrecht noted that the site currently has over 200 products and has been a huge success. In describing his plans for the company in 2019, Lambrecht said (http://cnw.fm/6jnU9) the company plans on “throwing a lot of money at [the website] as well as getting [its] products on Amazon.”
In closing, Lambrecht advised investors and potential clients (http://cnw.fm/6jnU9), “We expect to do extremely well in the market in 2019, so don’t sleep on SinglePoint.”
For more information, visit the company’s website at www.SinglePoint.com
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