- SING providing a rich, diversified holding base while creating new branded products
- Company continues to see month-over-month growth, realizing opportunity in solar industry
- New 1606 Original Hemp Cigarette receives phenomenal response at MJ Business Conference
SinglePoint Inc. (OTCQB: SING) is seeing continued impressive growth through its recent acquisitions and ventures into the solar and industrial hemp spaces. SING president Wil Ralston shared on “MoneyTV” with Donald Baillargeon that business is continuing as usual, which means more impressive growth and opportunity as SING heads into the new year.
During the interview, Ralston discussed the strengths of the company, which he’s touched on in previous interviews (http://cnw.fm/tKL3c), spurring Baillargeon to chuckle, saying it sounded like “more of the same.” In the past six months, DirectSolar has shown constant, sustainable growth and promise. “More of the same” means the completion of SinglePoint’s largest quarter ever – more than 50 agents working the phones and a partnership with over 40 schools in Texas.
“We’ve taken a lot of swings with some acquisitions,” Ralston stated in the interview. “DirectSolar… has paid off, and it’s really doing a great deal for us. Exciting to have acquired DirectSolar and watching the growth path and how tightly that ship is run over there. It’s really something else. We’re excited to keep showing the shareholders and everyone else out there just how big this solar play is going to be.”
SING took another swing recently when the company released 1606 Original Hemp, a new hemp cigarette, at the 2019 MJ Business Conference (http://cnw.fm/A0pys). Response to the new product at the show exceeded the SinglePoint’s expectations.
“The most surprising to us was just the number of individuals that were truly excited about this product and [had] never seen anything like it before,” continued Ralston, who noted that attendees were returning to the SING booth on day two and three to let company representatives know how much they enjoyed the 1606 Original Hemp Cigarette experience. Ralston is confident that SinglePoint will be receiving additional orders from stores and distributors in the near future.
This conference attendee excitement proved to be a great indicator for the product’s market viscosity, as SING received its first major 1606 Original Hemp order: approximately 5,000 packs from one distributor. Ralston noted that the company is following up with attendees, selling to additional distributors and working to establish 1606 Original Hemp as the premier hemp cigarette brand in the industry hemp market, which is projected to reach $26.6 billion by 2025 (http://cnw.fm/BF6Gh).
SinglePoint provides investors with the opportunity to make investments across a wide range of assets that currently include but are not limited to solar energy, hemp, mobile-payment applications and more. SING is leveraging technology expertise into emerging opportunities. By building a portfolio in undervalued companies, the company is able to provide a rich, diversified holding base and create branded products.
For more information, visit the company’s website at www.SinglePoint.com
NOTE TO INVESTORS: The latest news and updates relating to SING are available in the company’s newsroom at http://cnw.fm/SING
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.
To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.CannabisNewsWire.com
Do you have a questions or are you interested in working with CNW? Ask our Editor
CannabisNewsWire is part of the InvestorBrandNetwork.