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) Initiatives in Hemp, Residential Solar Driving Record Sales Growth Despite Uncertain Economic Landscape

  • SING’s 1606 Hemp subsidiary achieved 133% increase in quarterly sales growth
  • Product marketing and content strategy grew 1606 Hemp social media presence to 20,000 followers, boosting online sales
  • SING achieved 300% increase in Q1 revenue and gross profit with majority coming from subsidiary Direct Solar

Despite unusual events creating an uncertain economic landscape, 2020 is proving to be a successful year so far for SinglePoint (OTCQB: SING), a diversified holdings company with operations in several high-performance market sectors. With impressive results coming from both their 1606 Hemp and Direct Solar subsidiaries, SING continues to successfully propel its business model forward by acquiring significant stakes in businesses and then fast-tracking their growth with operations, development, and management expertise.

SING continues to make gains with 1606 Hemp, its iconic smokable hemp brand that imparts the richness and quality of American-grown, harvested and cured hemp flower, processed according to quality assurance techniques that date back to the year 1606. Touted as a safer alternative to tobacco, 1606 Hemp cigarettes saw a remarkable 133% quarter-on-quarter increase in sales growth, along with increased distribution to new retail outlets across the country (http://cnw.fm/J7Lfv).

“We have over 400 storefront locations now in about 20 different states. We’ve officially launched our 6-pack point-of-sale display and that’s going really well. The beautiful thing about that is that it can sit right there (on the counter),“commented SING president Wil Ralston in a recent television interview (http://cnw.fm/bb3hL).

Social media and product marketing have played key roles in the successful growth of 1606 Hemp. Leveraging the popularity of key influencers in the hemp space forms part of 1606 Hemp’s social media strategy, in addition to enriching the consumer experience with lighters, ashtrays and hats branded with the 1606 logo.

“Everything we’ve done, we’ve been trying to do it to the next level and being able to position this brand as a leading brand within this market. In doing that we’ve gained over 20,000 followers on Instagram and multiple Youtube views,” commented Ralston on the growth strategy.

When asked about fulfillment issues that may arise from the boost in online sales, Ralston stated that “there are plenty of opportunities for us to continue to fulfill. We’ve got two different partners that can manufacture more than enough for us. We’re also able to expand beyond that as there is a lot of hemp being grown right now.”

Aside from expanding its footprint in the hemp industry, SING’s subsidiary Direct Solar is positioned to continue growing through the launch of the first phase of its new website aimed at streamlining the online purchasing process for residential solar.

“We are working on a brand-new site where a customer can come onto our site, put in their address and information, and we can get all the needed documents in order to be able to give you a quote for your house, and that’s version 1.0. When we come out with the second version, we’ll be able to actually get you pre-approved for a loan,” Ralston explained, highlighting SING’s aim to capitalize on the consumer shift to purchasing high-value items online. Recent financial statements released are proving the success of this strategy, showing a 300% increase in Q1 revenue and gross profit, with the majority of that growth coming from the acquisition of Direct Solar (http://cnw.fm/8Mu28).

SinglePoint has grown from a full-service mobile technology provider into a recognized brand that benefits from multiple revenue streams through its diverse portfolio of undervalued subsidiaries. The company strives to create long-term value for its shareholders by offering opportunities to invest across a diverse range of industries.

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

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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.cannabisnewswire.com

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

Do you have questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
303.498.7722 Office

CannabisNewsWire is part of the InvestorBrandNetwork.


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 Cash

Bitcoin Cash

Doge Coin






USD Coin

USD Coin

Contact us: 303.498.7722