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007 Reversal Sparks Singlepoint Inc(OTCMKTS:SING)

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Singlepoint Inc(OTCMKTS:SING) is an exciting emerging cannabis play that we have reported on a number of times in the past writing in September 2017: SING is one volatile stock that saw a spectacular rise up at the beginning of this year from $0.0075 lows to recent highs near $0.15 a share SING is an exciting story in small caps that has quickly attracted legions of shareholders who believe this one goes way higher.

SING has been in a steady downtrend for a long long time now culminating a drop below a penny and $0.007 all time lows last week. Investors are looking for a significant reversal from current levels.

SinglePoint, Inc (SING) is an investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. Founded in 2011, SinglePoint, Inc. (SING) portfolio currently includes solar renewables, Hemp and distribution tobacco products. SinglePoint is working to grow the company to a multi-national brand.

Singlepoint has grown from a full-service mobile technology provider to a publicly traded holding company. Over the past 2 years the Company has made a number of important acquisitions including a Fifty One Percent interest in Direct Solar which has dramatically increased revenues.

Singlepoint CEO Greg Lambrecht recently shared his 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.

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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.

SING is already doing big sales! In November the Company reported its financial results for the third quarter ended September 30th, 2019. The Company reported revenues of $1,050,374 for the three months ended September 30, 2019, a 176% increase over the same period in 2018.

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.

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Currently trading at a $14 million market valuation SING is fully reporting OTCBB with little assets, manageable debt and fast growing sales reporting revenues of $1,050,374 for the three months ended September 30, 2019, a 176% increase over the same period in 2018.. SING is an exciting story in small caps having become fully reporting almost one year ago. Direct Solar now has over 60 people deployed across 11 states and 20 cities. In the 3rd and 4th quarters of 2019 SING launched a national proprietary brand. 1606 Original Hemp which capitalizes on the emerging trend in the smokable hemp market and has already been picked up by distributors and retail outlets. As Greg Lambrecht Singlepoint CEO recent commented. “. We as a team expect to position SingleSeed and SinglePoint as market leader in the CBD market. We will be updating on SING on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with SING.

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Disclosure: we hold no position in SING either long or short and we have not been compensated for this article.

 

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