On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

SinglePoint Inc. (SING), Direct Solar Discuss Asset Acquisition in New Interview

  • SinglePoint is building a cannabis-friendly portfolio through ancillary asset acquisitions fueled by an LOI to inject $12 million in capital
  • The company’s acquisition agreement with brokerage Direct Solar and customer lead generator AI Live Transfers leads the way for solar power boost to portfolio
  • A new interview with SinglePoint and Direct Solar highlights the companies’ enthusiasm for the potential of completing the agreement by April 15

Technology-building firm SinglePoint Inc. (OTCQB: SING) is advancing its commitment to the environment and its investment in the cannabis industry through the acquisition of two companies that have successfully applied the Lending Tree model to the solar power products and services industries. A new interview featuring SinglePoint President Wil Ralston and Direct Solar Founder Pablo Diaz highlights the companies’ expectations for the acquisition agreement involving Direct Solar and affiliate AI Live Transfers, which is scheduled to close by April 15.

“There’s only a few ways to affect climate change, and lower the carbon footprint is it,” Diaz told Ralston in the video interview (http://cnw.fm/kVm7F). “One thing that we think is going to be a great union with SinglePoint is your access to the cannabis industry. One of the highest expenses that the cannabis industry experiences is the electricity costs. Solar is a fabulous solution to high energy costs. You want to increase margins? Great place right there… It’s an untapped market. It’s ready for maturity.”

Diaz explained how he built a side interest in solar power during a commercial real estate project that contracted for solar product installation and, ultimately, brokered for solar contractors under the Direct Solar name.

“A contractor is limited in the lending options they can give to their customer base… (And) every contractor isn’t built the same from a construction knowledge perspective,” Diaz said, noting that solar energy regulation is built on a regional utility basis that can vary from place to place.

“With the knowledge that we gained as a contractor, we built the infrastructure to be able to work with multiple contractors (nationwide)… They love us because we bring them free business,” he said. “Homeowners love (our model) because we’re a free resource to them… We’re finding solutions for the homeowner, bringing them their best options and making it efficient as a process for them and the contractor also.”

The Lending Tree model refers to strategies that connect people seeking loans to a variety of loan providers nationwide so they can shop for a service that most closely suits their needs. Diaz said that the maturing solar industry is driving many growing contractors to outsource the work involved in customer acquisition because “their time spent on that is not really translating for them in higher margins.”

Direct Solar’s revenues have increased exponentially, exceeding $1.5 million during the past year, and Diaz said that the company expects to have top $350,000 for the month of February alone.

A company press release about the acquisition agreement noted that the companies expect revenues to increase dramatically during the year following closure of the acquisition and profit margins to rise significantly, which will help bolster the company’s growth. (http://cnw.fm/ZeyH6). Included in the projections is a plan to draw on AI Live Transfers’ artificial intelligence platform to seek out potential customers using a progressive technological strategy that maximizes closing agents’ time (http://cnw.fm/C5jHY), a developing lead-generation project Diaz and Ralston alluded to at the end of their interview.

SinglePoint has been highly focused on the hemp market through subsidiary SingleSeed.com and is establishing a place in the CBD market supply chain as legalization in the United States opens the door to new opportunities. SinglePoint CEO Greg Lambrecht told MoneyTV recently that the company has signed a letter of intent to raise up to $12 million to help the company fund its M&A activity in the CBD space (http://cnw.fm/k4E1d).

Analysts at the Brightfield Group forecast a $22 billion market for hemp-derived CBD by 2022 (http://cnw.fm/4H1Yt).

For more information, visit the company’s website at www.SinglePoint.com

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

Receive Text Alerts from CannabisNewsWire: Text “Cannabis” to 21000

For more information please visit https://www.cannabisnewswire.com and or https://CannabisNewsWire.News

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

CannabisNewsWire (CNW)
Denver, Colorado
www.cannabisnewswire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

Archives

Select A Month

Official NewsWire Relationships

Alternative Products Expo Benzinga Cannabis Capital Conference Cannabis Business Summit & Expo 2019 Cannabis Drinks Expo Cannabis World Congress & Business Exposition Cannexpo Marigold PR MjMicro Conference New England Cannabis Network O'Cannabiz Conference & Expo Tether BudTender Tether BudTender Appreciation Week

CannabisNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Doge Coin

Dogecoin

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 303.498.7722