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Alder Biopharmaceuticals, Inc. (ALDR) Promises to Relieve Migraine Misery with Leading Drug Candidate ALD403

A research report (http://dtn.fm/w6uT3) issued earlier this week by Aegis Capital Corp. shows that Alder Biopharmaceuticals, Inc. (NASDAQ: ALDR) has lived up to its promise since 2004, when it received startup funding from the Army under the Small Business Technology Transfer (STTR) program. Since then the company has been working on the development of new production technologies for humanized antibodies. Now it is close to making the fruits of that research available for the treatment of migraine, inflammatory diseases and autoimmune diseases with its lead product candidate, ALD403. Results of ongoing clinical trials are quite promising.

Trials of ALD403 go by the acronym “Promise”, which stands for PRevention Of Migraine via Intravenous ALD403 Safety and Efficacy. These clinical trials are taking two paths: Promise 1 for the treatment of frequent episodic migraine (FEM) and Promise 2 for the treatment of chronic migraine (CM).

Phase I clinical trials of ALD403 kicked off in May 2012 for the treatment of migraine headaches. In March 2013, in what is now Promise 1, the first patients were dosed with ALD403 in phase II proof-of-concept clinical trials for the treatment of FEM. In October 2015, pivotal trials of ALD403 for FEM were commenced.

Following on from the initial studies on ALD403, phase IIb clinical trials were initiated in November 2014 for the treatment of CM (Promise 2). In March 2016, positive top line data was announced from the Promise 2 phase IIb study in patients with chronic migraine.

Now, Alder is moving ALD403 into phase III trials for both Promise 1 and Promise 2. For Promise 1, the pivotal trials are expected to report results in the first half of 2017, while results for Promise 2 should be ready about one year later, in the first half of 2018.

Migraine is a neurological disorder that is more prevalent than is commonly presumed. According to the Migraine Research Foundation (MRF), the condition affects about 38 million men, women and children, i.e. about 12 percent of the U.S. population. Worldwide, the illness is the third most prevalent and affects some one billion people. The condition is characterized by intense or throbbing pain in the head, commonly accompanied by nausea, vomiting and high sensitivity to light and sound. Over time, patients may be subject to an increasing frequency and severity of migraine attacks, potentially leading to significant disability. The MRF estimates that U.S. employers lose more than $13 billion each year as a result of 113 million lost work days due to migraine.

Currently approved medications for migraine include beta blockers (such as propranolol), topiramate, sodium valproate and botulinum toxin, or Botox. These generally lead to a range of side effects, including cognitive impairment, nausea, fatigue and sleep disturbance. As a result, only about 12 percent of adults with frequent episodic or chronic migraine take preventive medications, according to the U.S. Agency for Healthcare Research and Quality reports. Alder believes this creates a significant unmet medical need for new treatments with improved safety and efficacy that can either prevent migraines completely or reduce the frequency to a level where patients can find adequate relief from existing abortive medications.

For more information, visit www.alderbio.com

eXp World Holdings (EXPI) Brokerage Passes 2,000-Agent Mark as More Members Join Every Day

Likely the fastest growing cloud-based brokerage in the United States, eXp Realty recently announced that it has passed the 2,000-agent mark as more and more real estate professionals are choosing to join its ranks every day. A subsidiary of eXp World Holdings, Inc. (OTCQB: EXPI), eXp Realty announced that it expanded its agent base to more than 2,000 members in a Twitter post a few days ago.

The Agent-Owned Cloud Brokerage™ reported having a total of 2014 agents at the end of October, and since then, dozens of new members have joined. This makes it very likely that the company will reach and even surpass its target of having 2,200 agents by the end of the year. In addition to the individual real estate agents that joined the brokerage over the last few days, several realty firms have also entered its ranks. The most recent addition is Arkansas’s number two realty firm, Burch & Co. Real Estate, which transitioned its entire team of 17 brokers and agents to eXp Realty. Before them, the Agent-Owned Cloud Brokerage™ was joined by leading Baton Rouge, Louisiana, firm Darren James Real Estate Experts; one of the top realty teams in California – Sacramento’s Brent Gove Team; and South Texas’s top international luxury agent, Miguel Herrera.

This accelerated growth is largely due to the business model proposed by eXp Realty, a model that has been continuously pushing the brokerage further and acted as the driving force behind its continued growth and that of its parent company, EXPI. eXp Realty is, first of all, a brokerage of the future, embracing the latest technologies and virtual and augmented reality advancements to create a tight-knit community of real estate professionals covering 41 states, the District of Columbia and Alberta, Canada. Its use of virtual reality and cloud-based platforms reflects a growing trend in the real estate market that’s expected to reach new heights in 2017, according to the annual PwC report ‘Emerging Trends in Real Estate®’ (http://dtn.fm/dsuI9). The analysis puts emphasis on the increased quality of service that augmented reality can bring and notes that experts expect up to $2.6 billion in real estate VR/AR applications by 2025.

As a fully cloud-based brokerage, eXp Realty conducts all its operations through a virtual reality platform, from agent training to lead generation, leadership meetings, exchanges of ideas and experience, IT services and many more. In addition to helping agents and brokers stay connected 24/7 from the comfort of their own homes, this model also eliminates all the expenses traditionally associated with owning and running a brick-and-mortar office, so brokerage members are able to provide more efficient services to their consumers and increase their own profit without spending too much out of pocket. Another attractive feature of the eXp Realty model is that it gives its members the opportunity to become owners through lucrative revenue sharing programs and by enabling them to become shareholders in exchange for their contributions to the company’s growth and development.

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

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National Waste Management Holdings, Inc. (NWMH) Supporting Florida’s Recycling Efforts

Since 2008, Florida has been focusing its efforts on its new statewide recycling goal of 75%, to be achieved by 2020. This was later followed by an amendment in legislation to promote the production of renewable energy from waste. As a result of these changes, and others, the recycling rate in the state increased by 4% between 2012 and 2013, according to Waste Management World (http://dtn.fm/lw3BV).

These new efforts to increase Florida’s recycling rates found Jorge Caspary, director of the Division of Waste Management, urging organizations to increase their recycling efforts, since commercial municipal waste makes up approximately 55% of the total municipal solid waste in the state. Since the rise in recycling rate, the amount of solid waste has also increased, from just under 28 million tons to over 30 million, a large portion of this due to construction and demolition waste.

With this in mind, Florida’s Department of Environmental Protection (DEP) found that only about half of commercial solid waste in the state is being recycled. The department believes more commercial recycling would help the state reach its goal of a 75% recycling rate. Other organizations have the same vision and have joined the effort for a more sustainable Florida.

National Waste Management Holdings, Inc. (OTC: NWMH) is a solid waste management company located in Central Florida. The company provides solutions for full waste diversion, which include landfill, transfer stations, roll-off, mulch, and recycling services. More specifically, NWMH provides a construction and demolition (C&D) landfill in Hernando, Florida, servicing Citrus, Hernando, and Marion counties.

NWMH owns a 54 acre landfill facility and has an average annual disposal of approximately 110,000 cubic yards of construction debris. With new housing construction in the U.S. up significantly in recent years, and with further increase on the horizon, National Waste Management Holdings, Inc. plans to acquire complementary businesses, expand its national presence, and increase the operational efficiency of its existing business, all while supporting Florida’s goal to reach a 75% recycling rate target.

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

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FTE Network (FTNW) – A Unique Opportunity for Explosive Growth

The expansion in data usage and communications has continued to inflate beyond all predictions, with networks rapidly being pushed far beyond originally anticipated requirements. The unparalleled growth is expected to continue as developing technologies challenge existing capabilities, creating an unprecedented demand for improved network infrastructures and associated services.

Florida-based FTE Networks (OTCQX: FTNW) has grown to become a leading global provider of network infrastructure solutions, designing, building, and supporting networking infrastructures for major companies and government organizations in the U.S. and Europe. The company’s telecommunications and technology focused client base faces increased calls for expanding network capacity to satisfy the demands of their own customers for high-volume high-quality content at all levels. FTE’s must-meet goal is to provide the best in fast and reliable voice, data, and digital content delivery, all while living within critical cost limits. The only way to do this is by understanding the whole picture, offering integrated services and technologies in a flexible way that covers all aspects of telecommunication operation, including:

  • Data Center Infrastructure
    • Infrastructure Design
    • Deployment
    • Testing And Commissioning
    • Rack, Stack, Power
    • Cold Aisle Containment And Efficiency Programs
    • Maintenance
    • Integration
    • MDU Design & Deploy
    • AC/DC Power Plants
  • Fiber Optics
    • Row And Network Engineering
    • Large Scale Deployment
    • PMO
    • FTTX Solutions
    • Underground/Aerial
    • Deployment
    • Splicing & Testing
    • Fiber Characterization
    • Emergency Restoration
    • Maintenance
  • Wireless Integration
    • Engineering
    • Deployment
    • Maintenance
    • DAS Installations
    • RF Installations
    • Site Surveys, Acquisition & Zoning
    • Audits
    • Fiber Backhaul Solutions
    • Full Suite Of Testing
    • Solutions
    • Decommissioning
  • Surveillance & Security
    • Infrastructure Design
    • Deployment
    • Maintenance
    • Video Surveillance Design And Installation
    • Wi-Fi Installation
    • Storage Back-Up Solutions
    • Access Control

Through the leveraging of advanced technologies in creative ways, FTE has developed a remarkably flexible approach for addressing telecommunication challenges, providing a number of benefits to customers, as reflected in the company’s recent financial performance. FTE’s Q2 2016 financials show a 51% quarter over quarter revenue growth, along with improved margins. The company’s pipeline now totals approximately $166 million in annualized revenue, representing organic growth and a diversified customer base.

FTE Networks has just announced that SeeThruEquity, an independent equity research and corporate access firm, has initiated coverage on the company (available to members at www.SeeThruEquity.com/ftnw).

For additional information, visit the company site at www.FTENet.com, and its Investor Presentation at http://dtn.fm/Tg3oi.

Dominovas Energy Corporation (DNRG) Aims to Secure Natural Gas Supply in Johannesburg

Before the opening bell, Dominovas Energy Corporation (OTCQB: DNRG) announced that Michael Watkins, its chief operating officer and president of its fuel cell division, was recently dispatched to meet with a natural gas supplier in South Africa. Through this meeting, Dominovas Energy intends to secure a natural gas supply in order to facilitate the planned installation and operation of its RUBICON™ solid oxide fuel cell technology, including both the previously announced 50kW demonstration unit at the University of Johannesburg and additional commercial deployments currently in the company’s pipeline.

“My meetings were attended by key decision makers that highlighted their interest not only in expanding their distribution and sales of their product, but they also exhibited a true knowledge of and interest in the RUBICON’s ability to further expand consumer’s choices for electricity delivery,” Watkins stated in this morning’s news release. “The possible interaction between our companies would allow for an expanded market for them, as well as a profitable and sustainable market for the RUBICON™.”

The plan to secure a natural gas supply in South Africa comes after Dominovas Energy’s initial fuel solution of liquefied petroleum gas (LPG) was found to be problematic. LPG available in the region was found to be highly inconsistent in overall quality, and its transport created a number of logistical concerns that would hamper the viability of Dominovas Energy’s RUBICON™ technology moving forward. Using readily available natural gas as a fuel source, on the other hand, is expected to set a foundation for the company’s forward growth throughout Johannesburg and the surrounding region.

In addition to meeting with a natural gas supplier, Watkins visited with Dr. Tien Chien Jen, a professor with the University of Johannesburg’s Department of Mechanical Engineering, to further discuss the development of a research institute for the study of fuel cell systems at the University. Watkins also offered an update on the status of the ongoing natural gas supply discussions, which serve as a precursor to the highly-anticipated deployment of the 50kW RUBICON™ demonstration unit to the University of Johannesburg campus.

This morning’s announcement follows an update late last month that Dominovas Energy gave a successful presentation on the analysis of its Energy Solutions Survey to the University’s Central Technical Services Department. The survey, which aimed to identify the overall state of the institution’s energy usage, allowed Dominovas Energy to evaluate the ‘true’ cost of electricity and thermal generation on the campus while demonstrating the benefits that the RUBICON™ system could offer in terms of both capacity and efficiency.

For more information, visit www.DominovasEnergy.com

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Medical Transcription Billing, Corp. (MTBC) Goes HITECH with ChartScribe

Snuggled away under Title IV of the American Recovery and Reinvestment Act of 2009, Congress’ response to the Great Recession was the Health Information Technology for Economic and Clinical Health (HITECH) Act. Among other things, the HITECH Act provided incentives for providers of medical services to adopt electronic health records (EHR) through ‘Meaningful Use’ (MU). Although primarily aimed at stimulating economic activity and creating jobs, the framers of the law hoped that the application of information technology to the provision of medical services would improve healthcare. Medical Transcription Billing, Corp. (NASDAQ: MTBC) (NASDAQ: MTBCP), through its integrated digital transcription and patient charting services, is showing how that can be done.

MTBC’s charting services are designed to help physicians generate accurate, timely patient charts and better manage their time. Providers can conveniently send in digital audio dictations, and MTBC transcribes complete patient charts directly to their EHR portal. A patient chart is a complete record of a patient’s key clinical data and medical history that includes demographics, vital signs, diagnoses, medications, treatment plans, progress notes, problems, immunization dates, allergies, radiology images, and laboratory and test results. With MTBC’s charting services, doctors, physician assistants and other medical professionals can have their audio patient progress notes transcribed and the information entered into the appropriate EHR.

The integrated charting services are a core part of MTBC’s proprietary EHR, ChartsPro, the adoption of which will not only make delivery of service more efficient, but allow practitioners to reach ‘Meaningful use’ standards. ‘Meaningful Use’, under the HITECH Act, is the use of certified EHR technology, like ChartsPro, to improve the quality and safety of healthcare. MU sets objectives that providers must meet in order to qualify for the Medicare, Medicaid, Children’s Health Insurance, and Health Insurance Marketplace programs administered by the Centers for Medicare & Medicaid Services (CMS).

MU objectives were set to roll out in three stages. The first stage had an implementation deadline of year-end 2012 and involved procedures and technology to capture data and share it. It was expected that, by that time, 80 percent of patients would have records that employed a certified EHR technology. In August 2016, a survey conducted by Medscape (http://dtn.fm/YR1ua), a free online resource for physicians and health professionals, found that 91 percent were currently using an EHR system but that, at the end of 2012, just 74 percent were.

Stage two, with an implementation deadline of year-end 2014, had two core objectives. Firstly, eligible professionals were being encouraged to text patients by using ‘secure electronic messaging to communicate with patients on relevant health information’; and, secondly, hospitals must ‘automatically track medications from order to administration using assistive technologies in conjunction with an Electronic Medication Administration Record (eMAR)’.

MTBC’s digital transcription and patient charting services are fully compliant with MU standards, and a new menu set objective in MU stage two is included. This allows progress notes to be created, edited and signed by the practitioner. Objectives and measures for Stage three include increased thresholds, advanced use of health information exchange functionality, and an overall focus on continuous quality improvement.

Curating patient data is important to the advance of medical science, but a doctor burdened by data collection is one with less time for patients. With the overload of documentation and clerical responsibilities brought on by EHR, having an integrated charting service such as that offered by MTBC is essential.

For more information, visit www.mtbc.com, and see the company’s fact sheet at http://ir.mtbc.com/events.cfm.

Moxian, Inc. (MOXC) – Facilitating Stronger Customer Relationships

Keeping and cultivating satisfied customers is clearly a critical aspect of any company’s success. Building and maintaining strong customer relationships is key, requiring businesses to not only stay in touch with customers, but also to effectively deal with any customer service issues. The most successful businesses have been known to build the most impressive records of customer service, a growing emphasis in the competitive marketplace.

Building a strong relationship with customers is not just an inspiring sign on a wall, it takes serious time and dedication. According to Fox Business (http://dtn.fm/EI3Ai), the most important aspects of building better customer relationships for a business include making every customer interaction count, establishing connections, listening to customers, rewarding loyalty, and efficiently training employees. It is also important for businesses to stay up-to-date with the growing tech needs and opportunities.

Social media continues to develop and change, allowing businesses to interact more easily with consumers and to understand what they want or could use. It is an important tool for anticipating future customer needs and solving consumer issues. Businesses, especially small businesses, are looking to creative outside marketing services to better interact with their consumers. Moxian, Inc. (OTCQB: MOXC) offers exactly such services and more. MOXC is in the business of providing social marketing and promotion platforms that help businesses advertise and communicate via social media. The company’s services are designed to help merchants enhance their interaction with potential customers and/or buyers.

MOXC has its own platform called Moxian+User. The application consists of a proprietary virtual currency, social networking, redemption center, and game center. The company also offers the Moxian+Business application, helping merchants engage with customers, transforming them into members, and allowing them to communicate with customers when it counts.

These two platforms allow businesses to increase repeat sales by building a mobile presence, constantly updating consumers with new products, stories, news, and other information. In addition, the business application allows employees to market the business and address customer service issues while on the move.

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

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Aerie Pharmaceuticals (AERI) Eyeing Innovative Glaucoma and Ocular Hypertension Therapies

Aerie Pharmaceuticals. Inc. (NASDAQ: AERI) is a publicly traded clinical stage pharmaceutical company focusing on the discovery of innovative treatments for glaucoma and other eye ailments. Its leading product candidates, Rhopressa™ and Roclatan™, are believed to be effective for most glaucoma patients, based on clinical trials results, and are currently in different stages of development in view of commercialization.

It is estimated that glaucoma patients make up the largest segment of the worldwide ophthalmic market, with glaucoma products and therapies exceeding $4.7 billion in global sales. According to National Eye Institute statistics, there are more than 2.7 million glaucoma patients in the United States at the moment. That number is expected to rise to 4.3 million by 2030.

Aerie Pharmaceuticals’ products are both designed to target glaucoma and lower intraocular pressure specifically. Developed in the form of eye drops administered once a day, both treatments have had very good results and tolerance rates during clinical trials, being designed as the first innovative ocular hypertension lowering mechanisms in more than 20 years.

The company completed its second phase 3 registration trial for lead product candidate Rhopressa™ in September 2015 and is now scheduled to file an NDA for the treatment in January 2017. The NDA filing was initially set for the third quarter of 2016, but it was pushed back to January because of an issue related to the third-party manufacturing site, according to a company press release (http://dtn.fm/6ng3R). Although not necessary for the filing, two more phase 3 clinical trials are being conducted for Rhopressa™ (netarsudil ophthalmic solution), this time focusing on the treatment’s safety. All trials so far indicated that the therapy has a consistent IOP lowering effect for the duration of treatment. Aerie also plans to further explore the positive attributes of Rhopressa™, as test results so far indicated a potential synergistic effect with prostaglandin analogues and possibly neuroprotective features.

Roclatan™ (netalsudil/latanoprost) is currently undergoing phase 3 registration trials, which commenced in September last year. The therapy is a fixed dose combination of Rhopressa™ and latanoprost, an approved glaucoma IOP treatment, and all clinical trials so far have indicated its superior efficacy over its components when taken independently. A second phase 3 trial began in March 20016, while a third one, aimed for European approval, is scheduled for the first half of 2016. If the current phase 3 trials are successful, Aerie intends on filing an NDA for this product in the second half of 2017. Based on the results reported so far, Roclatan™ has the potential of being the most efficient glaucoma and ocular hypertension treatment on the market up to this point.

In addition to these two primary product candidates, the company is also exploring Rhopressa’s possible long-term impact on diseases trabecular meshwork and conducting pre-clinical trials for AR-13154, a small molecule with demonstrated effects in reducing the size of lesions associated with age-related macular degeneration.

Financially, the company last week released its revenue report for the third quarter of 2016, which was described as ‘uneventful’ by an Aegis Capital Corp. analysis (http://dtn.fm/9j0Ow). Aerie ended Q3 with more than $255 million in cash and investments and slightly higher operating expenses, but still within the company’s expected range of $75-$85 million for 2016. The Aegis analysis reiterates a ‘Buy’ rating for the company, and a pricing target of $63, compared to the current $33.60 (on November 3 when the report was released). The report also underlines that the company’s financial performance has little impact on share prices, but rather clinical development success and regulatory approvals are more important.

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

New OTCQX Best Market Initiatives Make Going and Being Public Less Painful

Recently disclosed developments to the OTCQX Best Market platform are likely to reduce the pain of going and being public for both domestic and foreign companies. In a note to clients, Jason Paltrowitz, Executive VP of Corporate Services at OTC Markets Group, outlined the enhancements, which include access by companies to globally recognized quantitative research coverage, a tightening of eligibility requirements, reduced compliance costs, increased transparency by making compliance status available to broker-dealers, and new promotional tools for companies to reach investors.

OTC Markets Group will work with Morningstar®, a leading provider of independent investment research, to provide OTCQX companies with quantitative equity ratings and research reports. To companies not covered by analysts, Morningstar will provide statistically derived quantitative metrics that mimic ratings by its analysts. The service will allow OTCQX companies to provide investors with an independent view of their performance, and investors will be better able to benchmark a company relative to its sector.

To supplement this effort, the “Research Marketplace”, a joint project with three global equity research firms, was launched in September. This online resource, undertaken with ACF Equity Research, Edison and Sidoti & Company, LLC, will provide OTCQX companies with independent research analyses and investment tools.

The bar to listing on the OTCQX has been raised. Penny stocks, shell companies and blank-check companies have been eliminated. The minimum bid price and market cap standards have been increased. An initial bid price of $0.25 and market cap of $10 million will be required for listing, while a minimum ongoing bid of $0.10 and $5 million valuation has to be maintained.

Corporate governance standards are following best practice. The board of an OTCQX company must include at least two independent directors, have an audit committee with a majority of independent directors and, at least 15 days prior to a mandatory AGM, circulate to shareholders an annual financial report.

It appears that the requirement for an OTCQX Advisor will be abolished, although the rubric to ‘submit an initial and annual OTCQX Advisor Letter’ still appears under Eligibility Standards on the OTC Markets Group website. In his note, Mr. Paltrowitz promised that the OTC compliance team would carry out the ‘ongoing company verification process – without the extra burden and expense of the OTCQX Advisor role and annual letter.’

The OTC Compliance Data File, now accessible to broker-dealers, provides important data points on 10,000 OTCQX and other global securities. This simplifies the process of identifying securities that are compliant under the SEC Penny Stock Rule and FINRA’s OTC Recommendation rule. Information in the Compliance Data File includes reporting status, shell status, audited financials status, number of market participants quoting, bankruptcy status and recent split data.

In October, a new transfer agent program designed to improve the transparency of share information was started. Under the program, SEC-registered stock transfer agents will be able to report their clients’ share data, including authorized and outstanding shares, to OTC Markets Group on a regular basis via a secure, electronic file transfer.

The requirement to be included in a Recognized Securities Manual in order to qualify for Blue Sky Manual Exemption has been abolished from the OTCQX Rules. In addition, OTC Markets Group is asking the federal government to allow OTCQX securities to be designated “covered securities”, which would make them exempt from separate state blue-sky law registration and exemption requirements. At present, 12 states have recognized the OTCQX as a securities manual for purposes of their “blue-sky manual exemption.”

Finally, the size and scope of the OTCQX Virtual Investor Conferences, CEO Interviews and Community Spotlight have been expanded, reaching over 30,000 investors to date. These initiatives are an alternative to the traditional company road show and allow more companies to tell their story to their investor community.

With these enhancements, OTC Markets Group may be driving the final nail in the coffin of FINRA’s OTCBB.

Singlepoint, Inc. (SING) Offers a Closer Look at SingleSeed Subsidiary

Before the opening bell, Singlepoint, Inc. (OTC: SING) gave prospective shareholders some additional insight into its plan to become one of the cannabis industry’s first merchant processors through its SingleSeed subsidiary. The update comes on the eve of a landmark Election Day during which five states will vote on ballot initiatives to legalize cannabis for recreational use, while four others will be voting to either expand or establish the availability of medical marijuana. If all of these measures pass, the total number of states with comprehensive medical marijuana laws would grow to 28, and, thanks in part to the massive scale of the State of California, roughly a quarter of the U.S. population would live in an area where recreational cannabis is legalized.

With the national market for medical and recreational marijuana on pace to reach $22 billion by 2020, according to Arcview Research, the issue of banking within the industry is becoming increasingly difficult to ignore. Despite legalization at the state level, marijuana is still illegal at the federal level, and, as a result, federal law prohibits banks and credit unions from taking money generated from this industry. Some financial institutions have started serving the cannabis industry in recent months, after the U.S. Treasury and Justice departments said that they won’t go after institutions that closely monitor their clients and report suspected wrongdoing, but these pioneers are still in the minority.

By and large, big banks won’t touch the marijuana industry, meaning that, for many operating in the space, operations are cash-only. In addition to being inconvenient for customers, a lack of banking options adds significant security risks for business owners. In this morning’s news release, Greg Lambrecht, chief executive officer of Singlepoint, suggested that this trend could be in for a change in the near future.

“The cannabis industry is on the cusp of unprecedented liberties, and we are optimistic that as more states vote to legalize the drug, policymakers will have to take a second look at how banks will be involved in payment processing,” he stated. “When the industry becomes bankable, we will already be in on the action as a ‘first mover’ with mobile technology to revolutionize the cannabis merchant processing business.”

Ahead of this forecast shift, Singlepoint recently awakened SingleSeed. The cannabis-focused subsidiary was originally established several years ago, making an impact on the industry by offering payment processing services to dispensaries in Colorado and Washington. Although the banks put a stop to these services years ago, Singlepoint intends to capitalize on its existing foothold in the cannabis industry as it continues to evolve across the country.

“Amid the rapid changes in the cannabis industry, we are geared up to offer innovations that will usher continued advancement while providing safe and secure ways to transact monies for business owners who operate their businesses within the boundaries of state laws and guidelines set forth for banks by federal authorities,” Lambrecht concluded. “SingleSeed will emerge as a trailblazer in providing consumers with convenient and secure purchases, while dispensaries benefit from accelerated growth and ‘bankable’ finances. We see it as a win-win-win situation.”

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

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From Our Blog

Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) Set to Capitalize on North American Push to Secure Rare Earth Supply Chains

December 24, 2025

Disseminated on behalf of  Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) and may include paid advertising. A wave of recent investment announcements across the United States is underscoring how rare earth elements have moved from niche commodities to strategic priorities. From refining facilities in Louisiana to magnet recycling hubs in Texas, governments and companies are […]

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