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VPR Brands LP (VPRB) Focusing on Innovative Product Family, Cannabis Concentrates and Extracts

  • VPR Brands offers a family of brands for the nicotine and cannabis verticals
  • The company has entered the CBD vertical with its GoldLine CBD product line
  • VPR Brands is innovating to bring more CBD products to market

Based in Fort Lauderdale, Florida, VPR Brands LP (OTCQB: VPRB) is a technology holding company with experienced management. The company’s assets include issued U.S. and Chinese patents for atomization-related products, including technology for medical-marijuana vaporizers and electronic-cigarette products and components. VPR Brands develops brands via direct sales and licensing opportunities in the CBD (cannabidiol) vertical. By partnering with leading global brands, the company hopes to elevate and accelerate its products into the vanguard of the industry.

The company offers diverse brands and also engages in product development for the vaping market, including e-liquids. VPRB’s distinctive strategy is to focus on adding innovative products to its product family and coupling them with a strong distribution network – a strategy which increases sales. VPR Brands’ product family includes GoldLine, GoldLine Hemp, HoneyStick, Helium, Vaporin, Krave and VaporX. The company’s top product, HoneyStick is VPRB’s flagship brand and an ideal platform to boost growth across the nicotine and cannabis verticals. Krave, Helium, VaporX and Vaporin are VPRB’s ancillary brands for the nicotine vertical. Based on current market trends, VPR Brands also believes that GoldLine CBD will be a significant growth driver for the company this year and beyond (http://ibn.fm/kbFi2). In addition, in-house product development is a major differentiator for the company, allowing it to grow margins.

VPR Brands looks for collaborative partnerships to take advantage of existing sales and distribution infrastructure. One of its strategies is to expand its CBD channel by way of affiliate marketing initiatives (http://ibn.fm/JFbok). VPRB CEO Kevin Frija is an experienced entrepreneur with almost 30 years of experience in sourcing, manufacturing, supply chain management, marketing, advertising and brand licensing. His invaluable experience helps drive the company’s distribution programs.

VPR Brands also owns Vapor Store Direct in Fort Lauderdale, Florida. One of the largest vaporizer and e-liquid wholesalers in the United States, Vapor Store Direct stocks internationally elite brands, vaporizers, tanks/atomizers, coils, e-liquid, e-cigarettes, batteries and glass, as well as accessories.

Though VPRB is not yet a household name within the cannabis sector, it has increasingly attracted industry attention because of its stellar financial performance. The company realized 2018 revenue of $4,613,300, which represents a 28 percent year-over-year increase (http://ibn.fm/vXDd3). Furthermore, VPR Brands reversed its operating loss of more than $888,000 into positive territory above $9,000. Full-year 2018 gross operating margins increased by close to 20 percent from 2017 to a margin of 41 percent in 2018.

That trend has continued in 2019. For Q1 2019, VPRB increased its quarterly revenues roughly 31 percent year-over-year to $1,318,049 and slightly lowered its net loss, from roughly $149,000 in 2018 to approximately $138,000 in 2019. VPR Brands continues to maintain strong gross operating margins of greater than 40 percent (http://ibn.fm/f7Hrl).

VPR Brands expects to launch a second CBD brand – Dr. Good Hemps – into the marketplace this year. The company is concentrating on cannabis consumables, focusing on leveraging the numerous opportunities available in this space. With major regulatory shifts toward the CBD vertical, the market is forecast to grow to an estimated $22 billion by 2022 (http://ibn.fm/ranU9).

VPR Brands offers a compelling investment opportunity for investors looking for exposure to the nicotine and cannabis verticals. Through its vaporizer brands, GoldLine CBD, and white-label business, the company is in an ideal position to capture more market share. As it focuses on driving scale across different high-growth verticals, VPR Brands continues to focus on its wide-ranging portfolio of tested vaporizer products.

For more information, visit the company’s website at www.VPRBrands.com

NOTE TO INVESTORS: The latest news and updates relating to VPRB are available in the company’s newsroom at  http://ibn.fm/VPRB

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Focuses on Creating Transformative Businesses, Products and Brands

  • The company’s corporate mission is to cultivate the world’s best cannabis
  • Supreme Cannabis emphasizes quality products, synergistic industry partnerships and strong distribution networks
  • Supreme Cannabis’ multi-pronged strategy has positioned it for continued growth

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is working to improve global well-being with cannabis. Since 2014, the company has been at the center of the cannabis space with a mission of cultivating the globe’s best product and emerging as a leader in this worldwide industry. Headquartered in Toronto, Ontario, Supreme Cannabis Company uses its knowledge of the plant to create transformative businesses, products and brands that deliver positive experiences.

One important avenue of the company’s growth is through its 7ACRES subsidiary, which is its flagship brand. 7ACRES is on course to become Canada’s foremost cultivator of consistently premier cannabis, in no small part due to its facility’s focus on building a core competency in scaled cannabis production. 7ACRES grows High End Cannabis(TM) with respect to each cultivar’s genetic lineage and history. SPRWF takes pride in its flagship brand (http://ibn.fm/DCylh), which respects its customers’ knowledge of cannabis and recognizes their desire for “hand-crafted cannabis flower that delivers an uncompromised experience.”

7ACRES operates a 440,000-square-foot facility in Kincardine, Ontario. This cultivation facility is one of Canada’s first 40 federally licensed cannabis producers (http://ibn.fm/gppgi). As of March 2019, the facility’s total licensed cultivation space spanned 230,000 square feet. 7ACRES provides consumers with handcrafted cannabis flower, and its cultivars are available in eight Canadian provinces, including British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia and Prince Edward Island.

Each of SPRWF’s operating assets is very focused and aims to achieve excellence at its core function. With 7ACRES, the company has created a business that produces the highest quality premium cannabis at scale. With the recent launch of Cambium Plant Sciences, a cannabis genetics firm located in Goderich, Ontario, Supreme Cannabis further focused 7ACRES’ operations, spinning out its successful genetics business into its own company. The company is investing approximately $14 million in the construction of a state-of-the-art, 34,000-square-foot research and development facility. Cambium’s aim is to lead the agricultural revolution of cannabis genetics, redefining consumer experiences and cultivation economics across the international cannabis industry.

SPRWF continue to focus on the creation of valuable cannabis intellectual property (IP). “Our proprietary genetics selection methodology and ability to cultivate high-end cannabis at scale at 7ACRES has created strong industry demand for our proprietary genetics and cultivation techniques,” Supreme Cannabis CEO Navdeep Dhaliwal stated in a news release (http://ibn.fm/adRCd). “It was as a result of the demand that we saw a global opportunity to create a company whose sole focus is innovating plant genetics and cultivation IP for the global cannabis market. We believe genetics are the foundation of proprietary cannabis products in the long term.”

Industry analysts point to developing intellectual property as a critical component to cannabis companies’ long-term vitality. In an industry where legislation is struggling to keep up with the booming demand for high-quality products, fledgling companies fear having their technologies, brands, recipes, and secrets “ripped off” by competitors (http://ibn.fm/G8L5o). Aside from protecting companies and lending them a competitive edge, early developed IP rights have been deemed “indispensable,” linked with generating “additional recurring revenue, help[ing] attract investment, and enhance[ing] valuation.” SPRWF’s continued efforts to develop IP are key to its strategic growth and longevity.

Most recently, the company acquired Truverra Inc., which plans to repurpose its 5,000-square-foot, state-of-the-art space to produce high-quality cannabis extracts, including concentrates and vaping liquids. With an already established line of efficacy-based CBD products being sold in the United Kingdom, Truverra is helping SPRWF make inroads into the global marketplace. The company features a line of CBD products varying in flavor and intensity, and its products are available in many forms, including capsules, creams and balms, e-liquids, oils and supplements (http://ibn.fm/WQb1t).

With its culture of innovation in producing excellent products, Supreme Cannabis Company offers investors a gateway into the cannabis space. With its existing premium brands and products and impressive innovations across its businesses, Supreme is positioned for continued growth.

For more information, visit the company’s website at www.Supreme.ca

NOTE TO INVESTORS: The latest news and updates relating to SPRWF are available in the company’s newsroom at http://ibn.fm/SPRWF

Quest Patent Research Corp. (QPRC) Creating Shareholder Value with Growing Intellectual Property Asset Portfolios

  • Quest currently owns, controls or manages over 115 patents across 11 intellectual property portfolios
  • Quest delivers financial, strategic and legal resources for IP monetization
  • The company’s strategic partnership with NetworkNewsWire will focus on communicating Quest’s progress with the expansion of its portfolio of assets and active licensing programs

Quest Patent Research Corp. (OTCQB: QPRC), an intellectual property (IP) asset management firm specializing in mature and emerging technologies, provides IP asset owners and stakeholders with a valued resource for protection, management and monetization of IP assets such as patents, trademarks, copyrights, novel inventions and trade secrets. Headquartered in New York City, Quest offers shareholders the opportunity to participate across a broad portfolio of dynamic assets in the burgeoning intellectual property space.

Quest currently owns, controls or manages over 115 patents across 11 intellectual property portfolios (http://ibn.fm/EgS6w). The company generates revenues from patent licensing fees related to its IP property portfolios and from licensed packaging sales. An article published by Lexology highlights the importance of intellectual property rights in technology, noting that IP protection in today’s technology-driven economy “can be the difference between risk and reward” for businesses (http://ibn.fm/dDEK5).

Quest seeks to bridge the gap between the invention, protection and commercialization of IP with a seasoned management team that has extensive experience in strategic business management, intellectual property, finance and marketing. An external network of financial, legal and managerial professionals helps develop creative solutions to the many challenges inherent in monetizing IP, as the company details on its website.

Quest recently selected the corporate communications expertise of NetworkNewsWire (NNW) (http://ibn.fm/t8toN).

“After exploring the market, we believe we have selected the right strategic partner to best communicate Quest’s progress as we continue to expand our portfolio of assets and active licensing programs under management,” Quest CEO Jon Scahill stated in a news release.

For more information, visit the company’s website at www.QPRC.com

NOTE TO INVESTORS: The latest news and updates relating to QPRC are available in the company’s newsroom at http://ibn.fm/QPRC

BMO Completes Placement of The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Block

  • BMO’s block offering of TGOD’s shares was fully subscribed
  • TGOD’s CEO commented on the mutual benefits presented by the Aurora transaction
  • Investment interest in TGOD has been heightened following completion of the transaction

In the wake of The Bank of Montreal’s (BMO) completion of a block trade of Aurora Cannabis (TSX: ACB) (NYSE: ACB) held shares of The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF), leadership is reportedly pleased to see that 28.8 million overhanging shares remaining from that transaction have been successfully placed, predominately with institutional asset managers.

Through a transaction with BMO, a block trade of 4.8 million shares was completed on Friday, September 6, at $2.96, clearing the remaining shares. Approximately 55-65 percent of the total block of shares was placed in the hands of institutional asset managers, with the balance being taken by retail investors. This transaction was felt by both parties to be beneficial to their long-term strategic goals. Due to the repatriation of TGOD’s premium organic cannabis, which was previously designated for Aurora, the transaction brings significant revenue and gross margin gains for TGOD. ACB continues to show its support for TGOD by maintaining over 16.6 million purchase warrants (http://ibn.fm/D5LKg).

“Aurora has been an excellent partner during TGOD’s build out phase; their investment was instrumental in our success,” Brian Athaide, CEO of TGOD, stated in a news release (http://ibn.fm/ewIIy). “The relationship added tremendous value across multiple areas of collaboration, including the initial design and construction of our Canadian facilities. This is the right next step in the relationship as both companies mature and our respective strategies evolve, also providing TGOD with new institutional investors.”

This clearing of the stock overhang enables TGOD to increase its number of institutional holders, and industry analysts have described TGOD’s stock as “a screaming deal” for interested investors.

TGOD is a publicly traded, premium global organic cannabis company with operations focused on medical cannabis markets in Canada, Europe, the Caribbean and Latin America, as well as the Canadian adult-use market.

For more information, visit the company’s website at www.TGOD.ca

NOTE TO INVESTORS: The latest news and updates relating to TGODF are available in the company’s newsroom at http://ibn.fm/TGODF

Quest Patent Research Corp. (QPRC) Delivers Valuable IP Asset Management Services Amid Growing Demand Worldwide

  • Globalization and highly competitive, evolving markets are increasing the need for professional and effective intellectual property asset management
  • When addressed in the correct way, intellectual property assets can create value and maximize corporate financial returns in the long run
  • Many intellectual property asset owners lack the resources and experience to put together commercialization strategies; hence, specialized services like those delivered by Quest Patent Research will continue to grow in importance in the years to come

The changing nature of innovation and globalization are making the introduction of effective intellectual property (IP) asset management and protection measures more important than ever before.

According to the OECD World Top R&D Investors report, the emergence of new market players and the changing ways in which enterprises are using IP rights have both altered the context in which intellectual property operates (http://ibn.fm/x4tvM). IP systems are evolving on an ongoing basis to ensure a fine balance between private and social benefits.

Intellectual property can be the most important asset that a company owns. According to the World Intellectual Property Organization (WIPO), IP can generate value through licensing, sales and commercialization of an IP-protected product or service. In addition, IP rights can significantly enhance the value of an enterprise in the eyes of investors (http://ibn.fm/bIwLf).

Awareness about the monetization potential of intellectual property assets has increased over the past few years. This is one of the reasons why services like those provided by Quest Patent Research Corp. (OTCQB: QPRC) are expected to start playing an even bigger role in the corporate world in the years to come.

Quest Patent Research is a New York-based intellectual property asset management firm that operates through majority-owned and controlled subsidiaries. These enable Quest Patent Research to deliver strategic, financial and legal resources to clients through its suite of value-added services.

Currently, Quest Patent Research owns, controls or manages over 115 patents across 11 intellectual property portfolios. Custom tailored structured licensing programs enable the company to consistently generate revenue from these valuable portfolios.

Quest is committed to creating shareholder value through investment and management interests in intellectual property assets. Some of these include trademarks, patents, copyrights, trade secrets and novel inventions.

According to WIPO, all forms of intellectual property assets can be managed and commercialized to generate economic returns (http://ibn.fm/LoBYr). Proactive policies and strategies can be put in place to optimize the value of IP assets. The number of enterprises that understand this fact and employ the services of companies like Quest Patent Research is growing.

The commercialization of intellectual property assets necessitates a deep understanding of technologies, market fundamentals and competitive landscapes. Many IP asset owners lack the capacity or the experience to do a correct valuation and to develop a sound strategy for the future. Quest Patent Research partners with asset owners to help them fully realize the potential of their intellectual property.

Some of the services that Quest offers include intellectual property valuation, patent prosecution, structured licensing programs, portfolio evaluation and maintenance, legal advisory, patent acquisition or liquidation, attorney and investor referral and partial or full liquidity.

For more information, visit the company’s website at www.QPRC.com

NOTE TO INVESTORS: The latest news and updates relating to QPRC are available in the company’s newsroom at http://ibn.fm/QPRC

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Secures Financing, Sees Positive Movement in Bid to Increase Production

  • The global oil shale market is estimated to reach $5.63 billion by 2025, registering a CAGR of 16.7 percent from 2018 to 2025; the U.S. market is expected to grow at a 27.1 percent CAGR during the same period
  • Petroteq’s proprietary, environmentally friendly, closed-loop Clean Oil Recovery Technology (CORT) process significantly lowers capital construction and production costs and eliminates the need for polluting tailings ponds
  • The company has secured financing for its extraction technology in Asphalt Ridge, Utah, and for working capital purposes
  • Petroteq is advancing plans to expand production at Asphalt Ridge to 3,000 barrels per day

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF), a fully integrated surface oil sands mining company with proprietary technology, has secured additional funding and made significant progress toward its expansion plans at the company’s Asphalt Ridge heavy oil extraction facility in Utah. Petroteq recently announced that it has accomplished several positive moves toward achieving the company’s long-term growth strategy.

Petroteq’s proprietary Clean Oil Recovery Technology (CORT), which utilizes a closed-loop, solvent-based process, can extract up to 99 percent of crude oil and results in significantly lower per-barrel production costs than conventional hot water-based oil sands extraction technologies. The technology was developed for surface tar-sand extraction, and it is suitable for all hydrocarbon deposits, as an article published by NetworkNewsWire explains (http://ibn.fm/79UEo).

A new video tour of the company’s Utah extraction facility, narrated by CEO David Sealock, explains the technology’s processes and its potential (http://ibn.fm/rIS7c). This green technology utilizes a small, modular footprint, produces no greenhouse gases, requires no high temperatures, leaves only clean dry sand, and could be deployed to unlock heavy oil deposits located around the world.

Earlier this month, Petroteq announced the issuance to an arm’s length lender of a $480,000 principal amount (including a 20 percent original issue discount) unsecured convertible debenture and warrants exercisable for up to 2,666,666 of the company’s common shares, each at $0.15, for 12 months, according to a news release (http://ibn.fm/elOX1). The company said it will use the net proceeds of the financing on its ‎extraction technology in Asphalt Ridge, as well as for working capital.

Petroteq’s 3,000-barrel-per-day expansion permit has cleared another hurdle with the State of Utah’s Department of Oil, Gas and Mining Division. A required 30-day comment period came and went recently, with no comments received on the company’s significant revision notice of intent (NOI).

“The expansion development of our Asphalt Ridge property is another important step in our long-term growth strategy,” Sealock stated in a news release (http://ibn.fm/NSjHK). “Building on our current production base is expected to offer several advantages: we know the area geology well, our CORT allows us to minimize potential environmental impacts, and it is relatively straightforward to link the expansion project into existing facility infrastructure.”

Allied Market Research estimates that the global oil shale market will reach $5.63 billion at a 16.7 percent compound annual growth rate (CAGR) from 2018 to 2025, with the U.S. expected to top 27 percent CAGR during the forecast period because of its abundant oil shale reserves, as an article in Hitech News Daily reports (http://ibn.fm/vwKwu). Extracting oil from oil shale accounted for most of the total market share, per the article, which further notes that improvements in extraction techniques and drilling are expected to provide lucrative opportunities for market growth in the future.

For more information, visit the company’s website at www.Petroteq.energy

NOTE TO INVESTORS: The latest news and updates relating to PQEFF are available in the company’s newsroom at http://ibn.fm/PQEFF

Earth Science Tech Inc.’s (ETST) CBD Oil is Unique in the Industry

  • Earth Science Tech is looking to expand its line of work through two wholly owned subsidiaries
  • Its subsidiaries focus on R&D and product development
  • The company recently outlined a five-year marketing and manufacturing plan

Earth Science Tech Inc. (OTCQB: ETST) is an aspiring biotech company engaged in the development of cannabinoid-based products and the research and development of medical devices and pharmaceuticals. Using the supercritical CO2 liquid extraction, isolation and micron filtration process, the company manufactures 100 percent natural CBD oil. This pure, easily digested, rich CBD hemp oil is unique to the nutraceuticals industry and represents a significant asset to ETST.

Earth Science Tech is currently looking to expand its operations in the areas of CBD product development and R&D of medical devices and pharmaceuticals through its two wholly owned subsidiaries: Earth Science Pharma Inc. and Cannabis Therapeutics Inc.

Earth Science Pharma Inc. is focused on the research and development of low-cost medical devices and vaccines that benefit women’s health. The company recently introduced its first medical device, MSN-2, a home kit designed for the detection of STIs such as chlamydia. The company has named this kit Hygee. By circumventing the need for laboratory analysis, ETST anticipates that the kit will empower women across the world, giving them a low-cost, noninvasive method to meet their diagnostic health care needs (http://ibn.fm/HROu1).

Aside from Earth Science Pharma’s innovations in the diagnostic health care space, ETST has another subsidiary operating in the burgeoning cannabis industry. Cannabis Therapeutics Inc. is committed to the research and development of medicinal cannabidiol. The company also possesses a provisional application patent for a CBD product that can be used for developing medications to treat breast and ovarian cancers.

ETST recently filed a 10-K annual report with the SEC that included an outline of the company’s five-year expansion plan for manufacturing and marketing its CBD products (http://ibn.fm/JY9mT). The plan includes information about the company’s strategic preparations to scale up the production of its CBD oil, introduce new products and make its innovative hemp products available worldwide (http://ibn.fm/5OZ0R).

Earth Science Tech has teamed up with the University of Central Oklahoma to conduct research and development projects. In addition, studies from the DV Biologics Laboratory scientifically support and advance the health care benefits of the company’s high-grade hemp CBD oil. These studies show positive results regarding breast cancer and immune cells to support that ETST’s CBD oil formulation lowers cortisol and functions as a neuro-protectant, with positive-result case studies conducted through key health organizations.

“Our CBD-rich hemp oil does not contain any synthetic cannabinoids and is not an isolate,” the SEC report noted. “It contains everything that is naturally occurring in the original industrial hemp plant. With our high-quality, CBD-rich hemp oil you benefit from the natural interaction of phytonutrients in their balanced wide-ranging form that may offer the most benefit for overall wellness.” The report further noted that the company’s “commercialized, CBD-based product line, High-Grade Full Spectrum Cannabinoids, offers seven distinct cannabinoids maximizing all the therapeutic benefits the industrial hemp plant has to offer.”

Through the innovative products offered by its two wholly owned subsidiaries, ETST is well-positioned to stay abreast of current trends in multiple markets.

For more information, visit the company’s website at www.EarthScienceTech.com

NOTE TO INVESTORS: The latest news and updates relating to ETST are available in the company’s newsroom at http://ibn.fm/ETST

SinglePoint Inc. (SING) CEO Forecasts Revenues of More than $6M for Solar Division in 2019

  • SinglePoint’s CEO said in an interview that SING sold $3 million in solar contracts in its first 60 days of selling to commercial accounts; he forecasts that the company could reach $7 million in sales by the end of 2019
  • SING aims to generate $10 million to $12 million in solar sales in 2020, with government subsidies and commercial financing driving revenue
  • The company is also looking at white-labeling opportunities available through SING’s marketing of American hemp cigarettes

SinglePoint Inc. (OTCQB: SING) CEO Greg Lambrecht said in an interview on the RedChip Money Report that SING could realize a revenue trajectory rate from its Direct Solar of America division of $6­ million to $7 million in 2019 and $10 million to $12 million in the following 12 months. Keys to the impressive numbers, Lambrecht pointed out, have been the company’s expansion to larger commercial solar installations, the role of government state subsidies and available financing (http://ibn.fm/x9iEx).

In its first 60 days of selling to commercial accounts, such as small and mid-sized businesses, SING’s solar entity sold some $3 million in contracts representing $700,000 in gross profit, according to Lambrecht. “We are looking at a trajectory rate of maybe $6 million to $7 million this year and maybe $10 million to $12 million the following 12 months,” he said during the interview.

According to Lambrecht, sales are being driven by state government subsidies and available financing. “Instead of doing just $30,000 residential jobs, we are now looking at the next step,” he added. “We’re looking at doing $250,000 to $1 million jobs.” He noted that, long term, the company has the ability to grow as high as $20 million to $50 million.

During the interview, Lambrecht outlined SinglePoint’s customer sales strategy. “We bring them the finance,” he said. “We bring them all the rebates they have in that state. And we bring them the installer. We hold that customer’s hand from A to Z.” He noted that the company is doing especially well in St. Louis and Chicago.

Direct Solar of America, a subsidiary of SinglePoint, has added Direct Solar Capital as an alternative-energy financing solution that is able to finance solar capital-ready projects in amounts ranging from $50,000 to $3 million.

In a second interview, SING President Wil Ralston said on Money TV with Donald Baillargeon that SING is the “racehorse that just keeps on running.” Ralston reaffirmed that the move to larger solar commercial installations – from $500,000 to $1.5 million – on small to mid-sized commercial buildings is generating larger contracts and higher sales for the company (http://ibn.fm/2uuAf).

On another topic, Ralston was optimistic about SING’s role as a “master distributor” of cigarettes sourced from 100 percent American-grown hemp, designated by the company name Pure Products LLC. “We’re very excited about the market size for this particular product,” Ralston said in the MoneyTV interview. “We are able to sell directly to retail as well as into other wholesale distribution accounts which will give us the opportunity to expand this quickly.” Ralston reported that SinglePoint will be active in trade shows every month for the remainder of the year (http://ibn.fm/lEUgs).

“We have white-labeling opportunities in hemp cigarettes,” Ralston said in the interview. “We have different customers inquiring about marketing their own brands.” He added that SING has already received inquiry calls from several distributors on the East Coast, where hemp cigarettes are a popular product.

For more information, visit the company’s website at www.SinglePoint.com

NOTE TO INVESTORS: The latest news and updates relating to SING are available in the company’s newsroom at http://ibn.fm/SING

SinglePoint Inc. (SING) More than Doubles Revenues in Q2 2019

  • SinglePoint focuses on acquiring firms that are primed to benefit from injections of growth capital
  • The company recently reported a doubling of Q2 revenues over the same period of the prior year
  • SinglePoint’s growth strategy involves astute acquisitions in varied market sectors

SinglePoint Inc. (OTCQB: SING), a company specializing in acquisitions of small to mid-sized companies, recently announced that its second quarter 2019 saw incredible revenue earnings of more than double those of the same quarter of last year. Embracing new technologies, the company’s emphasis is on the cannabis industry, as well as bitcoin and blockchain technologies. The company researches opportunities where it can be an active participant through influencing the strategy and direction of high-potential firms whose verified assets offer appealing possibilities for shareholders. Fundamentally a technology and investment company while also focusing on diversification into horizontal markets, SinglePoint is headquartered in Phoenix, Arizona.

SinglePoint also concentrates on acquiring businesses that will benefit from the injection of growth capital and technology integration. The company built its portfolio by acquiring an interest in undervalued companies and working with key company management to grow successful candidate enterprises. SING has developed and released applications chiefly in the mobile payments market.

Recently, SinglePoint filed Form 10-Q for the quarterly period ended June 30, 2019. The company more than doubled its revenue from the same period the year prior; revenue increased from $311,237 in 2018 to $856,859 in 2019 (http://ibn.fm/xZUck).

“We are very excited about the growth and path we are on,” SinglePoint President Wil Ralston stated in a news release. “This is another step in the right direction for SinglePoint. We look forward to showing an even larger increase in Q3 as we will have the addition of Direct Solar projects that have closed and been funded. Everyone in the company has done a wonderful job, and it’s showing in the growth of revenue and number of opportunities being presented.”

SinglePoint has acquired a majority interest in some businesses and invested in others for equity. On May 14, 2019, it acquired a 51 percent interest in the above-mentioned Direct Solar LLC. Direct Solar provides commercial solar applications and renewable-energy financing options, and it signed contracts to deploy $3,419,312 in solar installations in its first two months following the deal, outpacing both parties’ projections. Direct Solar is currently operational in eight states and continues to expand its residential solar presence (http://ibn.fm/8gJ52).

Aside from revenue powerhouse Direct Solar, SinglePoint also has its hemp-derived CBD (cannabidiol) offering, SingleSeed, with its consumer-facing CBD brand. Launched in March 2018, SingleSeed is an online business providing hemp-based products to consumers. SingleSeed’s commitment is also to providing services to the underserved cannabis and hemp-based market (http://ibn.fm/0Adqy). SingleSeed offers payment processing and text message marketing solutions expressly for cannabis businesses (http://ibn.fm/VVvE0).

SinglePoint also has a joint venture (JV) agreement with AppSwarm (OTC: SWRM). The focus of this JV is to begin development on a proprietary delivery application. This application will enable licensed cannabis delivery services and dispensaries to safely make in-home cannabis deliveries.

With its acquisition-based strategy, SinglePoint is working on building a diverse holding base for multiple revenue streams. The company offers investors the opportunity to make investments across a wide range of assets.

For more information, visit the company’s website at www.SinglePoint.com

NOTE TO INVESTORS: The latest news and updates relating to SING are available in the company’s newsroom at http://ibn.fm/SING

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Announces Strong Q2 2019 Financial, Operational Results

  • The company’s cash reserves reached $34.1 million by June 30, 2019, increasing from $22.4 million on December 31, 2018
  • PLUS (TM) is recognized as a leading cannabis brand in California, which is the most competitive market globally
  • The company is investing in several growth areas, including talent, market share, infrastructure and financial capacity

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) recently released its unaudited financial and operational results for the quarter and half-year ended June 30, 2019. The company was able to achieve strong results despite the competitive landscape of the California cannabis market.

“Our high product standards, growing brand recognition, and the launch of our new line of mints drove strong demand for our products this quarter, cementing our position as a top selling cannabis brand in California,” Jake Heimark, co-founder and chief executive officer of the company, stated in a news release. “For the 5th consecutive quarter, PLUS ’Uplift’ was the best-selling cannabis product in California in dollars sold, according to data from BDS Analytics.”

Heimark also discussed the company’s goal of building a national brand, as PLUS plans to enter additional markets beyond California and Nevada (http://ibn.fm/iRxdJ).

The company provided an update on the following financial operations in the second-quarter report:

  • A revenue increase to $3.6 million in Q2 2019, which represents 125 percent year-over-year growth over its Q2 2018 revenues of $1.6 million;
  • Gross margins improved to $0.7 million in Q2 2019 in comparison with the results of Q2 2018, which amounted to $0.2 million; this gain is attributed to efficiency at the company’s South California plant, which commenced operations in December 2017;
  • PLUS(TM) is investing in several growth areas, including talent, market share, infrastructure and financial capacity; bringing on key management leaders and investing in consulting fees and other operational and marketing initiatives combined to bring operating expenses to a total of $5.3 million in Q2 2019, up from $1.3 million in Q2 2018;
  • The company’s cash reserves reached $34.1 million by June 30, 2019, increasing from $22.4 million as on December 31, 2018; and
  • Shareholder equity raised to $26.2 million at June 30, 2019, an increase from $25.7 million at December 31, 2018.

Heimark went on to recognize several of the company’s strategic management acquisitions. “We also expanded our management team by appointing Jon Paul, a veteran senior corporate finance executive and certified public accountant, as chief financial officer, and Marc Seguin, former president and CMO of Popchips, as chief revenue officer, to lead our sales strategy,” he added. “Mr. Seguin is one of the first executives to leave the food industry for a non-hemp, cannabis touching company and we are proud to be attracting such high caliber talent to the company as we lay the framework for continued growth.”

Plus Products, based in San Mateo, California, is one of the leading cannabis brands in the state, manufacturing edible cannabis-infused products using extracts. PLUS products, which are dosable and compliant, are manufactured in a 12,000-square-foot cannabis facility in Adelanto, California. The company’s wholly owned subsidiary, Carberry, has four cannabis-infused gummy candy SKUs, along with a limited-edition SKU; the company’s products are sold in over 200 licensed dispensaries and delivery centers.

Two items from the company – PLUS Sour Watermelon Gummies and PLUS Blackberry & Lemon Gummies – are the top two best-selling products, respectively, across California in all categories, including flower, edibles, vaporizers and topical (http://ibn.fm/ruJxY).

“We are grateful to the California consumers who have made PLUS the leading cannabis product in California, the largest and most competitive cannabis market in the world,” concluded Heimark. “This has been a big year for Plus Products as we expand our portfolio and look to broaden our geographic reach, and we remain committed to offering our customers products they can trust that provide consistent experiences in delicious formats.”

For more information, visit the company’s website at www.PlusProducts.com

NOTE TO INVESTORS: The latest news and updates relating to PLPRF are available in the company’s newsroom at http://ibn.fm/PLPRF

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