|SinglePoint Inc. (SING) Experiences Continued Growth in Solar, Phenomenal Response to New Hemp Product|
- SING providing a rich, diversified holding base while creating new branded products
- Company continues to see month-over-month growth, realizing opportunity in solar industry
- New 1606 Original Hemp Cigarette receives phenomenal response at MJ Business Conference
SinglePoint Inc. (OTCQB: SING) is seeing continued impressive growth through its recent acquisitions and ventures into the solar and industrial hemp spaces. SING president Wil Ralston shared on “MoneyTV” with Donald Baillargeon that business is continuing as usual, which means more impressive growth and opportunity as SING heads into the new year.
During the interview, Ralston discussed the strengths of the company, which he’s touched on in previous interviews (http://nnw.fm/xDLr1), spurring Baillargeon to chuckle, saying it sounded like “more of the same.” In the past six months, DirectSolar has shown constant, sustainable growth and promise. “More of the same” means the completion of SinglePoint’s largest quarter ever – more than 50 agents working the phones and a partnership with over 40 schools in Texas.
“We’ve taken a lot of swings with some acquisitions,” Ralston stated in the interview. “DirectSolar… has paid off, and it’s really doing a great deal for us. Exciting to have acquired DirectSolar and watching the growth path and how tightly that ship is run over there. It’s really something else. We’re excited to keep showing the shareholders and everyone else out there just how big this solar play is going to be.”
SING took another swing recently when the company released 1606 Original Hemp, a new hemp cigarette, at the 2019 MJ Business Conference (http://nnw.fm/C0kTK). Response to the new product at the show exceeded the SinglePoint’s expectations.
“The most surprising to us was just the number of individuals that were truly excited about this product and [had] never seen anything like it before,” continued Ralston, who noted that attendees were returning to the SING booth on day two and three to let company representatives know how much they enjoyed the 1606 Original Hemp Cigarette experience. Ralston is confident that SinglePoint will be receiving additional orders from stores and distributors in the near future.
This conference attendee excitement proved to be a great indicator for the product’s market viscosity, as SING received its first major 1606 Original Hemp order: approximately 5,000 packs from one distributor. Ralston noted that the company is following up with attendees, selling to additional distributors and working to establish 1606 Original Hemp as the premier hemp cigarette brand in the industry hemp market, which is projected to reach $26.6 billion by 2025 (http://nnw.fm/M5Ul3).
SinglePoint provides investors with the opportunity to make investments across a wide range of assets that currently include but are not limited to solar energy, hemp, mobile-payment applications and more. SING is leveraging technology expertise into emerging opportunities. By building a portfolio in undervalued companies, the company is able to provide a rich, diversified holding base and create branded products.
For more information, visit the company’s website at www.SinglePoint.com
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