- The company is prepping for high foot traffic when showing its Pure American Hemp cigarettes at the National Association of Convenience Stores (NACS) exhibition
- SinglePoint’s tight focus on solar and CBD is promoting profits as both industries continue to perform well
- The company’s well-timed investment in Jacksam creates high expectations in the cannabis sector
SinglePoint Inc. (OTCQB: SING), a company that specializes in the acquisition of small to mid-sized businesses, is seeing significant gains across multiple assets.
SING CEO Greg Lambrecht joined Donald Baillargeon on MoneyTV to discuss the company’s latest product: Pure’s American Hemp cigarettes. Smoking hemp, a trend that began in the south, has been sweeping across the country. Providing the benefits of CBD along with a great taste, the hemp cigarette looks to bring high dividends to the company.
The product is federally legal under the 2018 Farm Bill and is being used by consumers to substitute for or modify tobacco consumption. The company is planning to present its latest product at the National Association of Convenience Stores (NACS) exhibition slated for October 1-4, where more than 22,000 attendees are expected (http://ibn.fm/WVR0R). SING leadership is optimistic about the exhibition’s impact potential, as a previous cigar product that Lambrecht took to NACS ended up in 30,000 accounts, and the firm he represented at the time later went public on the Nasdaq.
In an effort to ramp up the marketing and foot traffic at NACS, SING is sending over 5,000 direct mailers to various potential distributors and an email to the more than 22,000 attendees prior to the event. “We believe this is going to be a huge success for us, and we are excited to launch this product at the largest, most respected show in the industry,” Lambrecht stated in a news release (http://ibn.fm/8BfKj). The company is taking significant strides in order to position itself as a leader in hemp cigarettes.
SinglePoint’s tight focus on solar and CBD has proven to be successful, as both industries are flourishing. According to Lambrecht, SING’s solar subsidiary, Direct Solar, is continuing to earn $1 million a month in contracts.
As Donald Baillargeon stated toward the close of the interview, “Solar is hot, and CBD is smoking, so I guess you are in the right places.” During the interview, Lambrecht reiterated the current success of both industries and noted that he is looking forward to sharing the company’s third-quarter numbers (http://ibn.fm/Q5yGW).
Lambrecht isn’t the only SING executive making news. SING President and Director Wil Ralston recently made an appearance on the Investor Ideas Podcast (http://ibn.fm/IDbiz). SING was able to secure a sizeable interest in Jacksam (OTCQB: JKSM), a firm that has since gone public. Since going public, JKSM has released a newly engineered automation machine, Convectium, to fill and cap CCell compression cartridges.
“Convectium was founded on the basis that automation, speed, hardware and technology combined for the ancillary cannabis space can help these manufacturers and retailers make their whole filling and supply chain process much simpler and efficient,” Ralston noted on the podcast when asked about Convectium and JKSM.
“Typically what would happen is, people would hire a staff to fill 1,000 cartridges or whatever their need was for the week and have what the industry called ‘filling parties,’ and that’s sloppy, messy and slow,” he continued.
“So Convectium came in and found there was an opportunity there. They’ve built out a machine where you can put in all your oil, and in a single insert of the custom cartridge they give you, you can fill one hundred pens in less than 30 seconds, and there is no spillage or leakage. So not only is your efficiency better, but it’s an easier, cleaner, money-saving and time-saving process,” Ralston concluded.
Convectium is leading the way among competitors by focusing on automation systems and being a value addition to the companies that are already providing effective cartridges to the market. Its automation technology has the potential to disrupt in the industry. SING continues to invest in and acquire small to mid-sized companies, with an emphasis on new technologies, providing investors opportunities across a wide range of assets.
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://ibn.fm/SING
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