Singlepoint, Inc. (OTCQB:SING)

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SinglePoint Completes Asset Acquisition of Direct Solar Expects to Dramatically Increase Revenues over $5 Million in First 12 Months

Phoenix, AZ – May 16, 2019 – SinglePoint Inc. (OTCQB: SING) completes Asset Acquisition of Direct Solar, SinglePoint Largest Deal to Date Expects to Dramatically Increase Revenues. Direct Solar operates on a Lending Tree/Rocket Mortgage model in which the company provides the homeowners which options for installers that service their area and the loan programs they have access to. This allows for the company to expand throughout the US and globally. With the backing of SinglePoint Direct Solar will have the ability to quickly scale into new markets and establish the company’s foothold in the Solar market.

 

Video Introducing Direct Solar – https://www.youtube.com/watch?v=jl0u8eZpUrI&t=1s

 

“This acquisition will securely place SinglePoint on a new path towards growth, revenue and overall profitability. We believe Direct Solar has the people and the ability to scale beyond initial projections and truly make an impact on SinglePoint’s goal of getting a NASDAQ or NYSE. We believe, in the following 12 months from the date of the acquisition, revenues will be in the multiple millions along with profitability. This acquisition is a new opportunity and puts SinglePoint on a whole new trajectory path,” states Greg Lambrecht, CEO of SinglePoint.

 

“We are excited to officially be a part of SinglePoint. The access to growth capital will allow us to scale quickly and turn the processes we have built into revenue generating opportunities. We signed over 570,000 dollars of contracts in April with very little marketing per sales budget. With the backing and support of SinglePoint we believe we can exponentially increase our sales pipeline,” states Pablo Diaz Founder/CEO of Direct Solar.

 

 

Direct Solar has seen tremendous growth over the past year which aligns well with the industry over all. In Q4 2018, the U.S. solar market installed 4.2 GWdc of solar PV, a 139% increase from Q3 2018 and a 4% increase from Q4 2017. This is attributed to environmental awareness and the overall cost of solar becoming affordable for customers.

 

About SinglePoint, Inc.

SinglePoint, Inc (SING) is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry.

 

Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
For more information visit: www.SinglePoint.com 

 

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

 

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

 

Corporate Communication

SinglePoint Inc.

855-711-2009

investors@SinglePoint.com

SinglePoint.com

 

 

More Mergers Expected as Cannabis Sector Heads into New Year of Growth

Denver CO – February 20, 2019 –  Several years of impressive growth are expected to continue in the cannabis sector in 2019, and companies are making the most of it through mergers and acquisitions.

  • The cannabis industry has seen growth in acquisitions over the past two years.
  • A large part of this comes from the emergence of the hemp/CBD market.
  • Industry commentators expect these trends to continue.


SinglePoint Inc.
(OTC:SING) (SING Profile) is tapping into this exciting potential through a strategy of well-financed acquisitions and investment in other cannabis companies. PotNetwork Holdings Inc. (OTC:POTN) has built up a series of subsidiaries and is now reaching out to mainstream markets with its products. KushCo Holdings Inc (OTC:KSHB) has recently established new supply arrangements that will increase its already growing profits. Following the legalization of hemp farming, CV Sciences Inc. (OTC:CVSI) has become one of the United States’ first certified hemp producers. And Green Organic Dutchman (OTC:TGODF) (TSX:TGOD) (TGOD Profile) is building improved cultivation facilities to meet the demand of cannabis’s growing customer base.

 

To view an infographic of this editorial, click here.

 

The Cannabis Merger Boom

 

Over the past year, the cannabis industry has seen a significant new trend emerge. So far, the industry has mostly been made up of small businesses, but a series of mergers and acquisitions have started to change the layout of the land. The larger, more confident cannabis businesses have started to absorb their smaller competitors, creating businesses with greater efficiency, vertical integration and increased market shares.

 

This boom in cannabis mergers and acquisitions extends beyond committed cannabis companies. Top-tier businesses have started paying attention to the sector, buying substantial holdings in cannabis companies. Cannabis companies themselves have encouraged this interest, seeking outside help to fuel their growth.

 

The Merger Market

 

For companies building a strategy around cannabis acquisitions, such as SinglePoint Inc. (OTCQB:SING), current trends are legitimizing what they already held to be true — that there’s great potential in building larger, more diverse cannabis companies through mergers and acquisitions.

 

The numbers are clear. Eighty-six cannabis companies in the United States were targeted for mergers and acquisitions in 2017, and that number rose to 140 in 2018. That’s a significant increase two years in a row for an industry that’s previously been driven by small start-ups, and commentators expect the trend to continue. In Canada, recreational legalization has triggered an intensive period of ambitious growth. In the United States, the illegality of transporting cannabis across state lines has discouraged expansion beyond the state level, but companies are starting to overcome that barrier, finding ways to run nationwide businesses in a state-by-state market.

 

For SinglePoint, this means making moves such as the company’s recent significant investment in TorusMed, an organization working on finding new ways to grow industrial hemp. Hemp is an important subset of the cannabis industry — and one that looks set to expand, thanks to federal legalization of the crop under the 2018 Farm Bill.

 

The bill allows cultivators to grow hemp for cannabidiol (CBD), an increasingly popular component, without the restrictions placed on other forms of cannabis. SinglePoint’s work with TorusMed is aimed at producing more consistent crops of high-CBD hemp with lower costs because of TorusMed’s greater efficiency. The investment appears to provide an effective way for SinglePoint to gain an advantage in the cannabis sector across the United States and beyond.

 

SinglePoint’s investment in TorusMed isn’t an isolated example. SinglePoint has built a solid strategy around acquisitions and investment. SinglePoint President Wil Ralston appeared on MoneyTV to discuss the company’s financing options for acquisitions, and in November, SinglePoint announced that it had raised $5 million in fresh funding from its own investors for the explicit purpose of fueling this approach. Thanks to the confidence of the market in the future of cannabis, SinglePoint has had no trouble raising funds or gaining attention for its work.

 

A Growing Industry

 

One of the reasons SinglePoint has seen such success in finding funding is the wider growth of the cannabis sector.

 

In the United States, where SinglePoint is based, cannabis legalization has steadily been spreading on a state level. Thirty-three states have now made the drug legal for medical purposes, while 10 have made recreational cannabis legal. North of the border, Canada has become the first G8 country to legalize cannabis nationally, not only setting an international precedent but also generating interest from American companies. The spread of public health solutions to cannabis use over prohibitory ones has become an international trend, creating a global cannabis market.

 

Over the past five years, this trend has led in a surprising direction: hemp and CBD. Hemp is a form of cannabis that doesn’t contain THC, the chemical that produces a high in users. Related to that trend, researchers have found growing evidence that CBD, a nonpsychoactive ingredient found in all strains of cannabis, may be beneficial for health and well-being.

 

This promising research has led to a surge in hemp cultivation and even the legalization of hemp farming in the United States, a move that is expected to provide a lifeline for many struggling farmers. Hemp cultivation is an increasingly large portion of the cannabis market, and one that the deal with TorusMed will help SinglePoint access.

 

Based on both this shift for hemp and wider trends, commentators are predicting even greater growth in 2019 and beyond; one report has calculated that the industry will be worth $146.4 billion by 2025. Even half that growth would provide a huge opportunity for companies such as SinglePoint, and if the industry actually reaches that figure, current players could be big winners.

 

Positioning for Advantage

 

It is in this context that SinglePoint, a company whose other work lies in the tech sector, has made the move to expand its position in cannabis. Through its SingleSeed subsidiary, SinglePoint has become a distributor of hemp-derived CBD products at a critical moment.

 

“It seems like two years ago I started to hear a little bit about CBD and what it was doing for people,” said SinglePoint CEO Greg Lambrecht. “Momentum has really been building for CBD. People are using it for a variety of things. As CBD becomes legal, you’re going to see this product sold in more traditional stores like Walgreens and 7-Eleven. We’re really excited about our online presence, but we’re also very focused on putting this product into retail too.”

 

The cannabis market has already been seeing steady growth. The legalization of hemp is likely to continue this promising trend. Companies such as SinglePoint that have raised funding and established a foothold in the hemp sector appear to be well positioned to take advantage of that change.

 

Lining Up for Growth

 

Of course, It’s not just a matter of making mergers and acquisitions, it’s making the right ones. Several other companies join SinglePoint in making those sound decisions. Among the companies making significant mergers and acquisitions in cannabis are holding companies such as PotNetwork Holdings Inc. (OTC:POTN). PotNetwork’s subsidiaries cover various parts of the cannabis industry, including production, sales and support; its subsidiaries include Diamond CBD Inc., which produces a line of CBD-based oils, creams and edibles.

 

Like SinglePoint, KushCo Holdings Inc. (OTCQB:KSHB) has entered the cannabis sector from elsewhere  through an interest in providing other services to cannabis companies. In KushCo’s case, this was packaging solutions, the sort of unglamorous but important service that any industry needs. KushCo has since expanded its work in the sector, creating a one-stop shop for cannabis products. This approach paved the way for KushCo to secure new long-term supply arrangements with three large companies, agreements expected to be worth $75 million. Having already seen its quarterly revenues rise 186 percent on the same period last year, 2019 is off to a strong start for KushCo.

 

CV Sciences Inc. (OTCQB:CVSI) has a business rooted in the fundamentals of the cannabis market, with two distinct business segments: research and development, and consumer products. Following the recent founding of the U.S. Hemp Authority certification program, CV Sciences has become one of the country’s first certified hemp manufacturers. This certification provides CV Science customers assurance about the quality and safety of the company’s products, including verifying that its products are made entirely from hemp and not from other cannabis strains.

 

Green Organic Dutchman (OTC:TGODF) (TSX:TGOD) produces organic, sustainably grown cannabis, catering to the substantial part of the cannabis market concerned with the environment and ethical farming. The company is building two new growing facilities and has been looking for ways to improve its designs as it builds. Recent improvements will increase production capacity from 156,000kg of cannabis to 202,500kg.

 

While improvements in technology, techniques and certification are helping companies tap into the growing cannabis sector, mergers and acquisitions are also allowing companies to access all of these while increasing their market share. Those who make the right moves now could benefit from dramatic growth over the next few years.

 

For more information about Singlepoint, please visit SinglePoint Inc. (OTCQB:SING).

 

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New Laws Set Up US Cannabis Industry for Explosive Growth

DENVER CO – January 16, 2019 –  The 2018 U.S. Farm Bill changes the way that CBD-based products are legally classified. If the federal government permits the sale of cannabis-sourced products online, established companies in the space could reap huge rewards.

 

  • The legalization of cannabis in Canada and some U.S. States has demonstrated the latent demand for cannabis-based products.
  • CBD is used to make numerous products and its potential uses are growing.
  • Research suggests that the market for CBD products could grow to an estimated $22 billion over the next four years.

 

There are likely big changes coming to the cannabis sector this year. The 2018 U.S. Farm Bill took a major step towards the normalization of cannabis-based products. Now that the bill has passed into law, industrial hemp — and its byproduct CBD — will be regulated by the U.S. Department of Agriculture. SinglePoint Inc. (OTC:SING) (SING Profile) is in a good position to take full advantage of the changes in how CBD products are regulated. Major producers such as Cronos Group Inc. (NASDAQ:CRON) (TSX:CRON), Aphria Inc. (NYSE:APHA) (TSX:APHA), Medical Marijuana Inc. (OTC:MJNA) and OrganiGram Holdings Inc. (OTCQX:OGRMF) (TSX.V:OGI) are also well-placed to expand into the CBD space, but they may have to compete with a new class of growers.

 

There are more than 80 kinds of psychoactive compounds found in the cannabis plant. While most people are familiar with THC, which is used recreationally, CBD has shown promise in treating everything from insomnia to serious neurological disorders. The 2018 Farm Bill leaves THC-based products under the jurisdiction of the Drug Enforcement Agency (DEA) but gives jurisdiction of CBD-based products to the individual states. Most industry experts predict that the popularity of these products will explode as they become easily available due to the new regulations.

 

To view an infographic of this editorial, click here.

 

A Waiting Market

 

Until now, CBD-based products were subject to federal regulations, which made them impossible to distribute nationally. They have been sold on a statewide basis in areas that allowed their use, but anyone who dealt with these products was shut out of the federal banking system because the crop — and its subsequent products — were categorized as illegal at a federal level.

 

With the signing of the new legislation, that appears likely to change. SinglePoint (OTCQB:SING) is an established distributor of CBD products and owns a decade-old web domain. Not only does the company have experience with marketing and distributing CBD-based products, it also has a background in payments processing.

 

CBD-based products are a new, largely unfamiliar area that may pose challenges for new companies entering the space. Universal standards for many CBD products have yet to be established or identified, so having a positive market image will likely be a significant benefit. Established companies with an existing client base and a positive reputation may be in a better position to leverage growth in the CBD sector. SinglePoint seems to fit this criteria well.

 

Wide-Open Potential

 

There is a big difference between cannabis grown for medicinal use and hemp that can now be used as a feedstock for CBD in the United States. Major cannabis producers have a much higher cost of production than hemp growers. With new changes that the 2018 Farm Bill creates for hemp farmers, the price of CBD may fall substantially.

 

Instead of being cultivated in near-laboratory conditions, industrial hemp is grown like any other commercial crop. Now that CBD can be refined out of commercially produced hemp, it will be difficult for anyone but U.S. hemp farmers to compete on price when it comes to CBD.

 

Additionally, the 2018 Farm Bill normalizes the CBD economy at a federal level. For the first time, hemp growers can use the banking system, insure their crops, and even sell their future hemp production via futures. Like any new market, it will take time for the infrastructure to be developed, but early movers in the space may have a significant advantage.

 

Big Changes for CBD

 

SinglePoint is in a unique position in the emerging CBD space. As both an online marketer and payments processor, the company looks to be in a strong position to help deliver CBD products to their target markets. The company has a strong strategy to grow its presence in the CBD space. Unlike many of the other publicly traded, cannabis-focused companies, SinglePoint has no connection with cannabis plants and cultivation, so the company should be able to take full advantage of the recently passed 2018 Farm Bill.

 

It appears that there is no shortage of potential CBD-based products. Currently, CBD is integrated into everything from lotions and edibles to beer and oil. With the legalization of CBD widely anticipated, research will almost certainly lead to additional discoveries into CBD properties and benefits, as well as  the creation of new products targeting specific market segments.

 

The emerging CBD economy is also supported by the ability for hemp producers to raise funds publicly. Much like the Canadian cannabis producers that were able to expand quickly because of their publicly traded equities, U.S. hemp producers can now go public and leverage public interest in CBD to expand their operations.

 

Changing Production Profiles

 

The 2018 Farm Bill is a huge positive for U.S.-based hemp producers and CBD consumers.

 

One of the largest publicly traded cannabis producers available to U.S. investors, Cronos Group (NASDAQ:CRON) (TSX:CRON) owns two fully licensed cannabis producers in Canada and has other interests spread around the world. The company has maintained a multibillion-dollar valuation, despite some weakness in the publicly traded cannabis sector. In addition to producing cannabis in Canada, the company is involved in the distribution of cannabis products in many of the markets in which it operates. In the third quarter last year, the company reported increased revenues by 186 percent and sold 213 percent more kilos of cannabis than in the same time a year earlier.

 

Aphria (NYSE:APHA) (TSX:APHA) has grown its presence in the Canadian cannabis space via acquisitions and strategic investments and is one of the largest publicly traded cannabis producers. The company made two high-profile acquisitions last year, taking over Broken Coast Cannabis and buying Nuuvera, a Canadian cannabis company with already-existing strategic exposure to German and Italian markets. The vast majority of the company’s production capacity for cannabis is concentrated in a single facility, called Aphria One, which is located in Leamington, Ontario.

 

Medical Marijuana (OTC:MJNA) has been operating in the legal cannabis space for longer than most. The company owns numerous subsidiaries, including HempMeds, Kannalife and Kannaway. It also operates an international division, which has developed a substantial presence in Brazil, where it was the first company to introduce legal cannabis-based medicines to the Brazilian market. The company also has a direct marketing structure for cannabis products and appears to be well-placed to grow in the emerging CBD market.

 

OrganiGram Holdings (OTCQX:OGRMF) (TSX.V:OGI) is the parent company of Organigram Inc., one of the largest licensed producers of cannabis in Canada. The company delivers industry-leading yields from its growing facilities and is focused on expanding in the Canadian market for recreational and medicinal cannabis. Organigram developed a portfolio of brands for a variety of uses, including The Edison Cannabis Company, Ankr Organics, Trailer Blazer and Trailer Park Buds. In addition to growing cannabis, OrganiGram also distributes it.

 

With the passage of the 2018 Farm Bill changing the legal status of CBD, it is estimated that the CBD market will grow to be a $22 billion industry by 2022. SinglePoint has created a solid platform to be a part of that industry.

 

For more information about SinglePoint, please visit SinglePoint Inc. (OTCQB:SING).

 

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Political Change and E-commerce Drive Ongoing Growth for Cannabis Industry

Denver CO – November 28, 2018 – Years of steady growth in the cannabis industry are expected to continue.

 

  • Cannabis industry forecasts anticipate revenues of $146 billion by 2025.
  • Individual U.S. states are already seeing cannabis sales exceed $1 billion in a year.
  • The departure of Jeff Sessions and expected passage of the Farm Bill will bolster these profits.
  • E-commerce is helping cannabidiol (CBD) products reach a growing market.

 

SinglePoint, Inc. (OTC:SING) (SING Profile) is showing how much technology can boost the industry, with support software and an online store. Terra Tech Corp (OTC:TRTC) is also profiting from supporting producers, through the sale of hydroponic equipment. American Premium Water Corp (OTC:HIPH) (HIPH Profile)  is providing innovative cannabis-based products in the form of its CBD-infused water. Alkaline Water Company, Inc. (OTC:WTER) (TSX.V:WTER) has announced the formation of a beverage division that will offer a hemp-derived, CBD-infused product, while Level Brands, Inc. (NYSE:LEVB) is partnering with a pharmaceutical and wellness company to provide CBD cream, spray, and edible products.

 

To view an infographic of this editorial, click here.

 

Keeping Up the Cannabis Momentum

 

Turbulent times in the United States are creating uncertainty for a number of industries. But for the cannabis industry, the past few years have been ones of constant growth. The spread of recreational and medical marijuana legalization across the United States and Canada has given the industry a huge boost, both financially and in its public profile, as has the increasing popularity of CBD products.

 

That growth is expected to continue, in large part thanks to the momentum from political change. The departure of U.S. Attorney General Jeff Sessions offers the possibility that the White House may finally commit to President Donald Trump’s electoral promise of cannabis policy reform at the federal level. Meanwhile, the Democratic majority in the House, together with the hemp clauses in this year’s Farm Bill renewal, set the stage to make life easier for those looking to support the American hemp industry.

 

The Growth of Cannabis

 

The past few years have been good for cannabis and technology holding company SinglePoint, Inc. (OTCQB:SING). Like so many other companies working with cannabis, SinglePoint has benefited from a huge growth in business as a once-obscure sector of the economy turns into a growing powerhouse and major employer.

 

There’s an irony to the fact that, for most of the companies working in the cannabis space, being based in North America is what makes their business possible. Thirty years ago, this was the headquarters of the war on drugs —  the U.S. government’s attempt to wipe out the cannabis industry alongside those producing and distributing other drugs. Now the United States and Canada are the world’s biggest markets for legal cannabis as reformers work to take pot profits away from criminal gangs and to bolster public health through a legal, well-regulated industry.

 

As of this year, cannabis is legal for medical consumption in two-thirds of U.S. states and for recreational use in a fifth of them. Recreational use became legal in Canada a month ago — the first G8 country to make such a move. This step forward has created a huge market for companies such as SinglePoint to tap into, with Colorado alone expecting to see a billion dollars of cannabis sales by the end of 2018.

 

This growth isn’t limited to cultivators and retailers, the obvious face of the cannabis industry. Those businesses need support services and infrastructure to do their work. SinglePoint provides a wide range of tech solutions tailored to the sector, including software to measure cultivation, track deliveries and make payments. Other businesses provide nutrients, hydroponic equipment and advisory services to the burgeoning cannabis sector.

 

This also means a growing number of jobs. These are diverse opportunities as well, with many of them involving specialist skills and training from bud tending to compliance, not to mention the coders crafting SinglePoint’s software. During a reporting period between January 2017 and July 2018, the number of job listings in the industry rose by a staggering 690 percent.  And the global market is expected to exceed $146 billion in revenues by the end of 2025, driven in large part by events in North America.

 

Maintaining Marijuana’s Momentum

 

One of the most significant events of the past few weeks for the cannabis industry’s prospects has been the resignation of U.S. Attorney General Jeff Sessions.

 

An outspoken opponent of cannabis reform, Sessions tried to roll back the President Barack Obama-era policy in which the federal government, though still treating cannabis as illegal, accepted the decisions of individual states to legalize it. The federal-level illegality of cannabis is an ongoing problem for the industry for several reasons, including that it makes banks and payment providers wary of providing services to cannabis businesses. Companies such as SinglePoint offer alternative payment solutions, but federal laws still limit the options. Sessions’ departure may create a real potential for change.

 

“This could present a major opportunity for SinglePoint to offer services we have been able to provide to other businesses for years,” said SinglePoint president Wil Ralston. “The biggest winner here could be the ancillary service provides and the potential access to banking.”

 

During his election campaign, President Trump promised reform on cannabis. But after two years of a Trump White House, there’s been nothing more substantial than vague rumors. With Sessions gone, now may be the time to act as more states move to legalize cannabis. And even without federal reform, changes on the state level are still positive for the industry. As SinglePoint CEO Greg Lambrecht said in an interview with MoneyTV, “as more states come on, it’s just better for us.”

 

CBD: A Cannabis Surprise Hit

 

The other big political reform about to hit the industry is the 2018 Farm Bill. Delayed by political conflict over food stamps and immigration, the bill’s passage is now expected to speed up as Republicans push through a version they can live with before losing control of the House. This bill is set to legalize the hemp industry in the United States, allowing the cultivation of a nonpsychoactive form of cannabis.

 

Hemp promises to be a big cash crop. CBD oil extracted from hemp is used in a wide range of health and wellness products, such as the CBD water and tinctures recently released through SinglePoint’s SingleSeed site. The CBD side of the industry reaches markets that raw cannabis can’t and, as a result, has seen huge growth, spreading into health stores and international markets.

 

But it’s through e-commerce that CBD has really taken off. More than $4 million of CBD products were sold through Amazon just in July this year. For companies, such as SinglePoint, that are using their own e-commerce stores, there’s even greater potential for profit than through Amazon. By providing both the product and the marketplace, they create a complete funnel to customers, benefitting from all the profits and building a loyal client base.

 

Beyond Weed

 

As SinglePoint’s software and the growth of the CBD market show, the cannabis industry is about far more than just selling weed.

 

For Terra Tech Corp (OTCQX:TRTC), the focus is on supplying equipment. A producer of cultivation equipment such as hydroponics and moving tables, Terra Tech provides cannabis growers with the tools they need to grow rich, profitable crops. The growth of the industry has increased sales for hydroponics companies, a trend that’s expected to continue. Terra Tech is investing heavily in a hydroponics provider to reduce its costs and improve its ability to ensure supplies to growers.

 

The growing popularity of CBD has drawn in companies from outside the cannabis industry as well. American Premium Water Corp (OTC:HIPH) is a diversified luxury consumer product company that uses biotech as the basis for health and beauty merchandise. It has produced a CBD-infused drink — Lalpina CBD water — that makes it one of the first to turn CBD into a widely available edible product.

 

Alkaline Water Company, Inc. (OTCQB:WTER) (TSX.V:WTER) announced the formation of its A88 Infused Beverage Division, Inc. The company currently offers products trademarked Alkaline88  that are available in more than 40,000 retail locations across the United States, including 39 of the top 50 grocers in the country. The new division — A88 — will focus on brand extension and product innovations in the healthful water category, with plans to offer a hemp-derived, CBD-infused Alkaline88 water product.

Level Brands, Inc. (NYSE American:LEVB) has launched a new line of CBD products developed jointly with Isodiol International, Inc. The products include CBD oral sprays marketed under kathy ireland® Health & Wellness; CBD edibles marketed under Chef Andre Carthen Edibles; and a CBD pain-relieving cream available under Ireland Men One, a men’s lifestyle brand focused on millennials.

 

The cannabis industry is already seeing huge growth, creating jobs and wealth. With legal reform in the United States and the momentum provided by e-commerce, this growth appears set to continue for a long time to come.

 

For more information about Singlepoint, please visit SinglePoint, Inc. (OTCQB:SING).

 

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As the Cannabis Industry Grows, So Do Challenges of Supply and Distribution

New York NY – November 6, 2018 – The cannabis industry is seeing repeated waves of growth, creating challenges for supply and distribution.

 

  • Currently worth over $7 billion, the cannabis industry is expected to exceed $65 billion in the next five years.
  • This growth is creating challenges for supply and distribution, as companies struggle to meet surging demand.
  • The passing of the 2018 U.S. Farm Bill will allow for further growth, adding to the cannabidiol (CBD) supply.

 

SinglePoint, Inc. (OTC:SING) (SING Profile) is one of the companies tackling distribution problems through the establishment of an online store selling CBD products. Tetra Bio-Pharma, Inc. (TSXV:TBP) (OTC:TBPMF), a medical cannabis company, is expanding into the leisure market with a hemp-based energy drink. Luxury consumer products company American Premium Water Corp. (OTC:HIPH) is tapping into a similar market with CBD-infused water. The Supreme Cannabis Company (TSXV: FIRE) (OTC: SPRWF) (FIRE Profile) just launched 7ACRES, an exclusive brand of high-end cannabis flower. And through its focus on research, Insys Therapeutics, Inc. (NASDAQ:INSY) is exploring the use of cannabis to tackle anxiety, autism, and early psychosis.

 

To view an infographic of this editorial, click here.

 

Can Cannabis Live Up to Expectations?

 

After decades exiled to the criminal economy, cannabis is finally finding a place in mainstream business. Liberalizing attitudes, especially in North America, are driving a change in the plant’s legal status. First as a medical drug, then as a recreational one, and finally as a wide range of derivative products, cannabis is turning into big business.

 

For cannabis users and patients hoping to benefit from it, this is an historic moment. As celebrations around recreational legalization in Canada showed, there’s huge excitement about what the future brings for cannabis fans. Those high hopes come with high expectations, with consumers queueing up to buy their first legal weed, and many expecting to have access to a regular supply from the moment legalization reaches their country or state. But the reality is more complicated, and if the legal industry is to succeed in drawing business away from criminal dealers then it will need to rise to the challenge of meeting uncertain and possibly unrealistic demand.

 

Cannabis Comes Out of the Shadows

 

Right now, cannabis is big business. Companies such as SinglePoint, Inc. (OTCQB:SING) are building entire strategies around selling hemp-derived CBD, derivative products, and the support systems needed by cannabis retailers. It seems extraordinary that, only 22 years ago, there was no legal cannabis industry.

 

Starting in 1996, individual American states began legalizing the use of cannabis for medical purposes. At the time, this was a rare and controversial novelty, tied to the plant’s potential to tackle both pain relief and the high-profile problem of nausea from cancer treatment. In less than a generation, that first drop in the ocean has become a rising tide that looks set to wash away cannabis’s illegality. Thirty-one U.S. states now allow the sale of cannabis for medical purposes. Nine of those states, along with Uruguay and Canada, allow the sale and consumption of cannabis for recreational purposes. Other countries are taking steps towards joining them.

 

The market isn’t just about straightforward cannabis. Industrial hemp, a form of cannabis that doesn’t get users high, is being used to produce products containing cannabidiol (CBD). Outlets such as SinglePoint’s SingleSeed.com are selling everything from muscle salves to beard oils infused with CBD. CBD is reaching places that more familiar cannabis products can’t.

 

As a result, SinglePoint’s products are now part of an industry worth billions of dollars. The global market for legal cannabis was worth $7.7 billion in 2016, and it keeps growing, with analysts predicting a value of $65 billion by 2023.

 

The Challenge of Distribution

 

This astounding forecast presents a great opportunity for cannabis companies, but it’s not without its problems. Given that there was no cannabis industry two decades ago, there has been an impressive rush to create infrastructure from scratch. Each new burst of growth generates demand for swift innovation, including the establishment of fresh supplies and distribution systems, an area in which SinglePoint specializes.

 

The challenges of this were well demonstrated when Canada legalized recreational cannabis on October 17. Some licensed shops were unable to obtain supplies of cannabis for days on end and had to turn away customers. In Ontario, no licensed dispensaries are expected until April, and the government store faced more demand than it could possibly handle. Even big companies faced supply chain issues and an uncomfortable few weeks of business. Unable to obtain the cannabis they had been told would be theirs, customers headed back to the black market.

 

With demand for both cannabis and CBD products rising, but patterns of demand still uncertain, companies are looking for flexible ways to reach their customers. Approaches such as SinglePoint’s online SingleSeed store offer a way to quickly reach a large number of customers, without the geographical limitations of brick and mortar stores. The company has been negotiating additional distribution contracts, as the industry rushes to catch up with customer demand.

 

Innovative use of technology will be crucial in creating smoothly running, adaptable supply channels. While also applicable to other sectors, SinglePoint’s LastMile delivery platform and SingleCoin digital wallet offer the types of solutions that could make the process of selling cannabis and CBD simpler. With access to an innovative electronic payment system and a delivery product targeted at small and medium businesses, retailers will be able to get started more quickly, serving customers in under-served markets. Technology won’t magically make the sector’s problems go away, but it will make it easier to face them.

 

More Growing Pain to Come

 

It’s important for the industry to get solutions such as LastMile into place now, because there are signs that another growth spurt is coming.

 

Throughout the summer, U.S. politicians have been discussing the 2018 Farm Bill, a wide-ranging bill that will establish U.S. agricultural policy for the next few years. The bill includes a measure that would legalize the growing of hemp, which federal authorities currently only allow in research and test crops. This could lead to potentially huge growth in the production of CBD, tackling some of the supply and demand issues. Though the Farm Bill is currently stalled, it will be a high priority for many politicians after the mid-term elections. And while there is dispute between Republicans and Democrats over other parts of the bill, there is cross-party agreement on the hemp measure.

 

The passage of this legislation will be good news for SinglePoint and other sellers of CBD products. Researchers at Brightfield Group predicted a doubling in the size of the CBD market to $1 billion from 2017 to 2022, and farmers are eager to grow hemp as a high-value cash crop. Though it will take time to ramp up production, companies that already have distribution infrastructure will be well-positioned to make the most of this growth.

 

Seizing the Potential of CBD

 

With the cannabis and CBD market growing, companies are moving fast to create a range of products for the health, well-being, and recreational markets.

 

Tetra Bio-Pharma, Inc. (OTC:TBPMF) is primarily working in medical cannabis. The company is working with drug regulators on pharmaceutical trials to better understand the effects of cannabis and its medical use. In particular, it is working on the use of cannabis to manage chronic pain as a healthier alternative to the opioids currently causing health problems across the United States. Tetra is also using its cannabis expertise to move into the broader CBD sector, offering products such as a hemp-based energy drink, for which it has recently signed a major distribution deal for both U.S. and Canadian markets.

 

A diversified luxury consumer products company, American Premium Water Corp. (OTC:HIPH) is developing health and beauty products using biotech. American Premiums is using this technology to help the body absorb CBD, courtesy of its Lalpina CBD water. This puts the company at the forefront of development of cannabis-based drinks, which are set to become an important part of the industry. Allowing consumers a more sociable way of consuming cannabinoids, food and drink have the potential to make cannabis and CBD as mainstream as alcohol.

 

The Supreme Cannabis Company (TSXV: FIRE) (OTCQX: SPRWF) established 7ACRES as the first licensed producer focused on growing high-quality cannabis in high quantities. Last month, Supreme announced that its initial 7ACRES product was available exclusively online through Canada’s provincially regulated adult-use channels. The full line of 7ACRES products will be available soon both online and in brick-and-mortar stores.

 

A specialty pharmaceutical company focused on cannabinoids and novel drug delivery systems, Insys Therapeutics, Inc. (NASDAQ:INSY) is involved in several studies with the University of California San Diego School of Medicine. Covering issues such as anxiety, autism and early psychosis, these studies are exploring the untapped potential of CBD. If they prove successful, then the market could see it used in treating a wide range of health problems.

 

Many companies are working in the cannabis sector and so are now relying on suppliers to tackle problems of distribution and supply. Fortunately, other companies are rising to the challenge, allowing this new industry to sustain its extraordinary growth.

 

For more information about SinglePoint, please visit SinglePoint, Inc. (OTCQB: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.

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Payment and Delivery Technologies Transform the Future of Shopping

New York NY – October 24, 2018 –  Changes in the way people make payments and receive goods have created a new vision for the future of shopping.

 

  • Increasingly efficient delivery systems bring goods to shoppers’ doorsteps.
  • Electronic payment is making payment processing faster for consumers and businesses.
  • Blockchain offers a potential route to further speed up payment systems.
  • All of this will have consequences for the companies providing processing power.

 

SinglePoint, Inc. (OTC:SING) (SING Profile) is involved in two of the biggest shopping technology trends, having developed both a delivery system and an electronic payment wallet. Those payments are made using cryptocurrency, produced through the mining operations of companies such as the Marathon Patent Group, Inc. (NASDAQ:MARA). PayPal Holdings, Inc. (NASDAQ:PYPL) remains a leader in electronic payment and has made acquisitions to ensure its position. The need for more memory and processing power increases demand for secure data storage, which is provided by companies such as Seagate Technology PLC (NASDAQ:STX). Even the eminent legacy brand International Business Machines Corporation (NYSE:IBM) is involved in these changes with its own blockchain payment system creation.

 

To view an infographic of this editorial, click here.

 

The Transformation of Shopping

 

In the 20th century, shopping underwent a transformation. For most people, shopping had simply been a practical activity, a way of getting what they needed. But as consumer culture took hold, it became a thing of pleasure as well. Shopping developed into browsing the aisles of specialty shops for a wide range of enjoyable luxuries, from fine foods to console games.

 

Now, shopping has been transformed again. Technology is removing many of the inefficiencies from supply chains and allowing customers to get what they want faster and cheaper. They still browse for pleasure, but now that’s as likely to take place online as in a city center or a mall. Even for those venturing out to a local shop, the experience is changing. Checkouts are being replaced by self-service stands; cash by electronic payment.

 

Two of the most important developments in the latest transformation of shopping are home delivery and payment systems.

 

Delivering Products to Your Doorstep

 

Online shopping is an incredibly powerful economic force. Online sales around the world totaled $2.3 trillion last year, and that’s expected to nearly double by 2021. This is made possible by the revival of home deliveries. Large companies such as Amazon can employ their own delivery staff, allowing them to control the whole supply chain, while others are turning to companies providing specialized delivery services, such as SinglePoint, Inc. (OTCQB:SING) and its LastMile delivery platform.

 

LastMile is a prime example of the ways that these services can benefit both businesses and customers. By making the most of superior technology and systems design, LastMile can make delivery systems more efficient while providing more information, cutting costs and removing the frustrations of uncertainties and delays.

 

Designed to tackle the final few miles from retail outlets to consumers, LastMile has been built to serve small- to medium-sized businesses, those who can’t afford to build their own delivery systems. It provides a way to schedule deliveries, track the location of products and estimate the time of arrival. For businesses, it means more control, while for customers it means more precise delivery times — removing the need for them to wait at home for hours because of a vague delivery window.

 

E-commerce represents 23 percent of retail sales in China and 19 percent in the United Kingdom, but only 9 percent in the United States. There’s clearly huge potential for growth in North America.

 

Customers are becoming increasingly demanding about deliveries. According to a report by member-based business intelligence firm L2, 25 percent of e-shoppers would abandon orders that can’t be completed in a single day. To meet those expectations, faster, more efficient delivery is clearly needed.

 

The ways that customers can order home-delivered goods are increasingly sophisticated. Retailers are anticipating a future where self-stocking store cupboards and virtual fitting rooms will make it even easier for consumers to order exactly what they want, when they want, with products such as LastMile ensuring that it gets to them.

 

When looked at as a way of obtaining products, cutting out trips to the shops has removed an inefficiency from shopping. The resulting decline of physical stores is seen as a downside by detractors. But with coffee shops, bars and other social spaces rising in their place, it’s clear that this isn’t the urban armageddon doomsayers predict. In fact, the services springing up in place of shops should be able to benefit from another of the major developments in how people shop — new payment systems.

 

Smarter Payment Systems

 

A generation ago, most payments were made in cash. Whether at a grocery store or in a bar, businesses expected to provide change for payments in wallet-carried currency. Now, electronic payment is increasingly the norm, with contactless payment making transactions faster and easier than cash. And companies are looking for ways to make payment even more efficient.

 

This is another area that SinglePoint is involved in, through its SingleCoin “digital wallet.”

 

SingleCoin stores cryptocurrencies such as Bitcoin. Accepted by a growing number of retailers, these international currencies only exist in digital form. They allow users to make payments directly to each other, cutting out banks and payment-processing businesses from the equation. This increases the speed with which payments can be received and improves the efficiency of transactions, as well as giving a greater degree of control to currency holders.

 

Public awareness and use of cryptocurrencies has increased significantly in the past two years, but SinglePoint has provided a further boost. As part of the launch of SingleCoin, it was one of the first companies to run a national television advertisement for a cryptocurrency wallet. Featuring Shark Tank’s Kevin Harrington, the promotion was a success for the company, helping to attract 12,000 users in the first few weeks.

 

“This is the beginning of what we hope will be a large build out supporting multiple currencies and cryptos,” said SinglePoint President Wil Ralston. “Our goal is to provide an easy way for users to make purchases using SingleCoin.”

 

Cryptocurrency has the potential to further transform the way people shop thanks to its basis in blockchain technology. Some forms of blockchain can be used to create smart contracts, in which actions are automatically carried out when conditions are met. By plugging payment into smart contracts, blockchain could trigger automatic delivery as soon as a product is paid for. Your payment from a SingleCoin wallet could one day activate the order that will send your shopping home.

 

Getting In on Shopping Technology

 

With both the way we pay for goods and the way we receive them changing, plenty of companies are now involved in technology that could transform shopping.

 

Among the backroom players in this drama are cryptocurrency mining companies such as Marathon Patent Group, Inc. (NASDAQ:MARA). Cryptocurrency mining involves processing large amounts of electronic data to find the mathematical solutions on which these virtual coins are validated. This requires large amounts of computer processing power, often provided by specialist data centers. Marathon launched a new one of these centers in Quebec earlier this year, allowing it to provide a flow of cash to the digital economy.

 

PayPal Holdings, Inc. (NASDAQ:PYPL) offers a range of digital options to make electronic payment smooth and easy. By connecting payment accounts to email addresses, it has simplified online payment while providing customers with a secure payment gateway. The recent acquisition of iZettle, a Stockholm-based financial technology company, will provide even more options for PayPal’s payment technology to support small- and medium-sized businesses in accessing modern shopping technology.

 

A global leader in data storage solutions, Seagate Technology PLC (NASDAQ:STX) has developed technology that will become increasingly important as more shopping is done online and through cryptocurrencies. Greater storage capacity will be needed to hold digital currencies and products, as well as to deal with sophisticated shopping software. With consumers using their phones to browse and make payments, Seagate’s mobile data storage products will make the company particularly relevant for the future of retail.

 

Predictions that blockchain and cryptocurrency won’t last look increasingly implausible thanks to the involvement of big players such as International Business Machines Corp. (NYSE:IBM). IBM has developed a new payment system called Blockchain World Wire, designed to remove intermediaries and support direct payments across existing borders. If a global tech giant such as IBM is betting on the success of blockchain, then its future, and customers’ access to this fast payment technology, look secure.

 

Between new payment systems and sophisticated delivery, technology is transforming the way people shop. The future of retail is upon us.

 

For more information about SinglePoint, please visit SinglePoint, Inc. (OTCQB: SING).

 

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW 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. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, please visit https://www.NetworkNewsWire.com.

 

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

 

DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers. NNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

 

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.

 

NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.  The forward-looking statements in this release are made as of the date hereof and NNW and FNM undertake no obligation to update such statements.

NetworkNewsWire (NNW) is affiliated with the Investor Brand Network (IBN).

About IBN

Over the past 10+ years we have consistently introduced new network brands, each specifically designed to fulfil the unique needs of our growing client base and services. Today, we continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialized teams of experts to serve our increasingly diversified list of clients.

Please feel free to visit the Investor Brand Network (IBN) www.InvestorBrandNetwork.com

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Source:  NetworkNewsWire

Growth of Blockchain Provides Financial Services for Underserved Markets

New York NY – October 4, 2018 –  The growing popularity of cryptocurrencies has led to a surge in payment systems built on the blockchain technological revolution.

 

  • Blockchain-based payments, which can be transacted directly between parties without bank involvement, allow those underserved by banks to access electronic payment.
  • These blockchain-based payment systems are growing in popularity and prestige, with celebrity endorsements and appearances on the high street.
  • They allow consumers to make fast payments and businesses to reduce payment processing fees.

 

The growing mainstream popularity of blockchain-based payments is reflected in a recent TV advertisement by SinglePoint, Inc. (OTC:SING) (SING Profile) for its cryptocurrency wallet.  Online retailer Overstock.com, Inc. (NASDAQ:OSTK) is also launching a digital wallet service that supports cryptocurrencies, following the path of Square Inc. Class A (NYSE:SQ), which is integrating bitcoin into its mobile payment systems. Electronic payment giant PayPal Holdings, Inc. (NASDAQ:PYPL) has taken out a patent for a faster cryptocurrency payment system, reflecting the company’s interest in this sector. Meanwhile, the growth of blockchain is driving growth for NVIDIA Corporation (NASDAQ:NVDA), which produces graphic processing units used in cryptocurrency mining.

 

To view an infographic of this editorial, click here.

 

Serving Underserved Markets

 

The personal finance industry has undergone enormous change during the past generation. Electronic payment, once a rarity, has become the norm. Whether paying online, through chip and pin, or with contactless card services, people use cash less and less. Not being able to pay electronically becomes an unexpected inconvenience.

 

This has created challenges for some businesses and customers. Those who aren’t well served by banks and traditional payment systems struggle to access electronic payment. This makes it harder to make payments, sometimes forcing them to work with cash. This, in turn, creates inefficiencies and increases the risk of accounting mistakes for the businesses involved, as they don’t benefit from having their money and payment records connected in an electronic format.

 

Fortunately, a new technology has arrived to serve these underserved markets — blockchain.

 

Blockchain Hits the Big Time

 

Those who have watched the financial news at all over the past few years have seen the impact of blockchain, even if they didn’t recognize it. Blockchain is the technology underlying cryptocurrencies such as bitcoin, which hit the news last year thanks to a huge surge in market value.

 

Cryptocurrencies are becoming so popular that they now feature in advertisements on national television. SinglePoint, Inc. (OTC:SING) recently released the first TV promotion for its bitcoin wallet application, SingleCoin. SingleCoin can be used to store cryptocurrency and make payments with that currency, giving consumers an easy way to use this new form of electronic money. It’s a straightforward, simple-to-use digital platform that allows everyone to benefit from blockchain payments. SingleCoin is available on both iOS and Android devices and is accompanied by a detailed cryptocurrency guide on the company’s website, making cryptocurrency more accessible for ordinary consumers.

 

The advertisement, which features Shark Tank veteran Kevin Harrington, first aired on Fox Business. It focuses on how easily people can access cryptocurrency using the free SingleCoin app, allowing them to join the millions around the world already using cryptocurrency.

 

This move by SinglePoint is part of a wider shift in the way cryptocurrencies are used. Initially, these digital funds could not be used for ordinary commercial purposes; rather, they were a novelty for tech geeks and speculators. The first time someone paid for a pizza with bitcoin, it made the news. Over time, their use increased, as did speculation by investors. Cryptocurrencies soared in value but were still limited to payments within the internet.

 

Now, cryptocurrency is hitting the high streets. Companies from Japan to America and the Middle East are creating cryptocurrency ATMs and payment systems that allow cryptocurrency to be used in shops. These currencies have more practical value than before, increasing demand for applications such as SingleCoin, which let people buy, store and spend cryptocurrency using their phones.

 

The Benefits of Cryptocurrency

 

To anyone looking at this from the outside, it might seem a little pointless. Why would anyone use cryptocurrency when other currencies are already available and widely used? What’s the point of having an app such as SingleCoin?

 

Cryptocurrencies have several advantages over ordinary currencies, most of them stemming from the direct nature of cryptocurrency payments.

 

Conventional electronic payment takes place through banks, with payment processing companies as intermediaries. People can’t directly send money to each other. These electronic payments are actually requests to the bank to send money elsewhere. This creates delays in transferring the money, as the message filters through the system of separate banks and other companies. It also means incurring transaction fees, as set by banks and payment processors.

 

Cryptocurrencies get away from this. Consumers with cryptocurrency hold a special electronic key that allows them — and no one else — to access and transfer their funds. When they make a payment, the money is sent directly to the recipient. This cuts out the middleman and is often faster than a conventional payment.

 

This method can actually lead to lower payment processing costs. Instead of several banks and middlemen looking to make a profit on each transaction, there’s just the single company through whose exchange the payment is made. This means that companies such as SinglePoint can often afford to charge lower fees than their traditional competitors.

 

Cryptocurrencies can even be used to provide a blockchain backbone to other electronic payment systems. In these, consumers pay in traditional currency and merchants receive that traditional currency at the other end, but the transfers in between are made in cryptocurrency.

 

Dedicated cryptocurrency enthusiasts, with the technical skills to manage electronic finance directly, can use their computing skills to manage their cryptocurrency directly. But for the vast majority of consumers, systems such as SingleCoin may make a new and powerful form of payment accessible.

 

The Growing Credibility of Cryptocurrency

 

Until recently, cryptocurrency hasn’t been widely seen as a credible alternative to conventional payment, but that’s changing. A surge in the market value of cryptocurrencies last year drew widespread attention from investors. In the aftermath of the hype, prices fell, but these currencies were still left more valuable than they had been before. Serious investment sites now cover cryptocurrencies, and investors include them in their portfolios.

 

Celebrity endorsements have added to the credibility of crypto. When Harrington shows faith in blockchain by acting as a spokesman for SinglePoint, people pay attention. With his high public profile and reputation for savvy business dealings, he’s showing that business insiders believe in blockchain.

 

Even banks are paying attention. Though they are still wary of cryptocurrencies themselves, banks and other financial institutions have started researching how they can use blockchain in their own processes.

 

As cryptocurrency ATMs appear on the streets of Japan and SingleCoin wallets appear on ordinary consumers’ phones, it’s clear that blockchain is about to hit the mainstream. What was once a specialist payment tool for computer programmers, then a novel form of asset for investors, is now a widespread way of paying for goods and services.

 

A Different Approach to Finance

 

The increasing use of cryptocurrency is having secondary effects across the finance and tech sectors. The systems behind cryptocurrency are often data hungry, needing a great deal of processing power to run. This has driven increased growth for NVIDIA Corporation (NASDAQ:NVDA), a technology company primarily known for its computer hardware. Sales of graphic processing units have risen to meet the demands of cryptocurrency miners, leading to growth in NVIDIA’s stock prices.

 

Online retailer Overstock.com, Inc. (NASDAQ:OSTK) has also become involved in payment systems. It recently announced the beta launch of a digital wallet service that will make it easier for consumers to bridge the gap between cryptocurrency and conventional payments. By connecting cryptocurrency wallets to their stores, retailers can make themselves the only intermediaries their customers need, increasing efficiency and gaining more control over their markets.

 

The biggest name in electronic payments, PayPal Holdings, Inc. (NASDAQ:PYPL) has taken an interest in blockchain. It was one of the first companies to help merchants on popular websites take payments using cryptocurrency and has been keeping an eye on the progress of this technology. The company is looking at ways to speed up payments using blockchain, as shown in a patent filing from earlier this year.

 

Mobile payment company Square Inc. Class A (NYSE:SQ), whose technology can turn computers and phones into point-of-sale systems, has been working on integrating bitcoin into its systems. Its Square Cash app, which can be used to trade in cryptocurrency, saw growth in its user base even at a time when investor interest in cryptocurrencies was falling. Like SinglePoint, it’s building up a user base of cryptocurrency customers, getting ahead of competitors as cryptocurrency becomes more widespread.

 

Blockchain lets consumers and retailers regain control of their money from the banks. As cryptocurrencies grow in popularity, it could transform payments from Wall Street to the high street.

 

For more information about Singlepoint, please visit SinglePoint, Inc. (OTCQB:SING).

 

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW 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. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, please visit https://www.NetworkNewsWire.com.

 

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

 

DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers. NNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

 

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.

 

NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.  The forward-looking statements in this release are made as of the date hereof and NNW and FNM undertake no obligation to update such statements.

 

NetworkNewsWire (NNW) is affiliated with the Investor Brand Network (IBN).

About IBN

Over the past 10+ years we have consistently introduced new network brands, each specifically designed to fulfil the unique needs of our growing client base and services. Today, we continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialized teams of experts to serve our increasingly diversified list of clients.

Please feel free to visit the Investor Brand Network (IBN) www.InvestorBrandNetwork.com

Corporate Communications Contact:

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Source:  NetworkNewsWire

Video: SinglePoint Bitcoin Wallet Application Airs On Fox Business

SEATTLE, Sept. 27, 2018 — SinglePoint Inc. (OTC:SING) is pleased to announce its first commercial featuring original Shark Tank member Kevin Harrington has successfully aired on Fox Business.

 

See the first recording here – https://youtu.be/TsltBV0kHjg

 

“We are elated that the commercial aired and we have successfully started this campaign. With today’s news and senate hearing we believe the audience size is much greater than traditional audiences at this time slot. I believe we will have a great response from this first run and are looking forward to additional airings,” states Greg Lambrecht, CEO.

 

The commercial is schedule to air again tonight during prime time on the west coast at approximately 10:55PM Pacific Standard time on Fox News.

 

About SinglePoint, Inc.

SinglePoint, Inc (SING) is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry.

 

Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
For more information visit: www.SinglePoint.com 

 

Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

 

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

 

Corporate Communication
SinglePoint Inc.
855-711-2009
investors@SinglePoint.com
SinglePoint.com

 

Source: SinglePoint, Inc.

SinglePoint Announces First SingleCoin Commercial Airing During Primetime on FOX NEWS Tonight

SEATTLE, Sept. 26, 2018  – SinglePoint Inc. (OTCQB: SING), a technology company providing mobile payments and blockchain solutions, today announces that its bitcoin wallet application, “SingleCoin,” will air its first national television commercial tonight.  The 60-second commercial is scheduled to air in primetime on Fox News tonight at approximately 10:56 p.m. Pacific Standard Time.

 

“We are very excited for this first commercial to run and kickoff our national campaign.  It’s a big accomplishment for the company and we look forward to announcing several additional airtimes within the next few days, both for our 60-second and 120-second commercial.  This is the first of multiple spots we have purchased, and times of airing will vary.  Once are times are locked in we will provide schedules,” stated SinglePoint President Wil Ralston.

 

About SinglePoint, Inc.

SinglePoint, Inc (SING) is a technology company with a focus on acquiring and or working with companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry.

 

Connect on social media at:
https://www.facebook.com/SinglePointMobile https://twitter.com/_SinglePoint https://www.linkedin.com/company/singlepoint For more information visit: www.SinglePoint.com 

 

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

 

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

 

Corporate Communication
SinglePoint Inc.
855-711-2009
investors@SinglePoint.com
SinglePoint.com

 

Source: SinglePoint, Inc.

About Singlepoint

SinglePoint has grown from a full-service mobile technology provider to a publicly-traded holding company.

 

Through diversification into horizontal markets, SinglePoint builds its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base.

 

At SinglePoint, we research opportunities where we can be active within the company and influence strategy and direction. Target companies are undervalued, cash-flow positive, with high potential and verified assets. SinglePoint acquires and works with key company management to grow successful candidate companies.

 

Our success is built on the trust our customers put in us and our commitment to their success.

 

Executive Team

 

Greg Lambrecht

CEO and Founder

 

As CEO and founder of SinglePoint Inc., Greg leads the company in its mission. He oversees all company operations including investor relations, the leadership of the Board of Directors, and daily business activities. Greg has a successful track record of founding and leading start-up companies. As the founder of PCI, a leading consumer product distribution company, Greg negotiated agreements with the nation’s largest retail outlets such as 7-11 (Southland Corp), Albertson’s, and Costco representing 25,000 retail accounts. Greg lead PCI through a NASDAQ listed IPO, raising $10,000,000. In 2006 Greg started LifeStyle Wireless which he led to the OTC Pink Stock Market changing the name to SinglePoint: ticker symbol SING. Greg is a graduate of Western Washington University with a degree in Marketing and Communications.

 

Eric Lofdahl

Chief Technology Officer

 

Eric Lofdahl has over 20 years experience in the technology sector, including positions in software development, program management, complex system integration, and engineering process definition.  As SinglePoint CTO, Eric has led the definition and deployment of the company’s mobile messaging, anti-spam, and content delivery products.  Before SinglePoint, he worked at the Boeing Company, where he led a team that successfully developed advanced wireless and satellite data products based on commercial technology for the U.S. Air Force.  He also directed the teams that developed new products and capabilities for many military airplane programs, including the AWACS, F-22 and B-1B programs. Eric holds a Bachelor of Science degree in electrical engineering from Iowa State University.

 

Wil Ralston

President

 

Wil has a successful track record of building and maintaining great relationships with clients. Recognized as the top representative in his section by Nike, after college graduation Wil chose to continue in sales with SinglePoint where he has on-boarded marquee clients including GolfLogix and MonteFiore Inspired Medicine. Wil graduated cum laude from the WP Carey School of Business at Arizona State University with a degree in Global Agribusiness and a specialization in Professional Golf Management. Wil is currently recognized by the Professional Golfers Association of America (PGA) as a Class A Professional.

One Stop Shop for your Businesses Payment Acceptance Needs

 

Every business is unique. SinglePoints solutions are designed to meet your specific needs. From Restaurants to Gas Stations and e-commerce stores we are here to work with you on designing the solution that fits you best.

 

Below are some of the most common types of processing. Don’t worry if you don’t see your business type we can work with any business including High-Risk!!

 

Retail

 

This is when a customer is making a purchase face-to-face. Customers physically hand you their credit card and you swipe the card to start purchase transaction. Retail is typically the safest way to process transactions. This merchant type usually has the lowest Interchange rates of all six business types listed here.

 

Retail with Tip

 

This is the same as retail however the service you provide may have to option to include a tip. Examples are salons, quick serve coffee shops, and more.

 

Restaurant

 

Still a card present transaction just as retail is. The difference is that instead of paying up-front, customers are billed at the end. Servers can swipe the card at their point of sale machine and then come back later to adjust the amount to include a tip once the customer has signed the receipt.

 

MOTO

 

MOTO stands for Mail Order/Telephone Order. With this type of account your most likely do not see customers face to face. Expect higher rates as there is more room for error and fraud. However, our partners have security features in place for you, to help keep your processing costs low, such as fields to enter additional information to authenticate the transaction.

 

Internet / E-Commerce

 

Selling a product or service online? This is the account for you. Integrate with multiple shopping carts or utilize and API to tie into your own custom shopping cart. Customers will input their information to make the purchase. Your business will receive this order and payment and your ready to take the next steps in getting that customer their purchase.

 

SOURCE:  https://www.singlepoint.com/

Disclaimer

FN Media Group LLC (FNMG) owns and operates FinancialNewsMedia.com (FNM) which is a third party publisher that disseminates electronic information through multiple online media channels. FNMG’s intended purposes are to deliver market updates and news alerts issued from private and publicly trading companies as well as providing coverage and increased awareness for companies that issue press to the public via online newswires. FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. The companies that are discussed in this release may or may not have approved the statements made in this release. Information in this release is derived from a variety of sources that may or may not include the referenced company’s publicly disseminated information. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. While this information is believed to be reliable, such reliability cannot be guaranteed. FNMG disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. This release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. This release is not without bias, and is considered a conflict of interest if compensation has been received by FNMG for its dissemination. To comply with Section 17(b) of the Securities Act of 1933, FNMG shall always disclose any compensation it has received, or expects to receive in the future, for the dissemination of the information found herein on behalf of one or more of the companies mentioned in this release. For current services performed FNMG has been compensated forty six hundred dollars for Singlepoint, Inc. current news coverage by the company.  FNMG HOLDS NO SHARES OF Singlepoint, Inc.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

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