- SinglePoint is building an extensive portfolio of undervalued subsidiaries
- The company recently gave a shareholder overview detailing its new initiatives
- SinglePoint’s merchant services portfolio continues to grow
SinglePoint Inc. (OTCQB: SING) specializes in acquisitions of small to mid-sized firms and is focused on diversification into horizontal markets. The company’s emphasis is on new technologies, and its varied assets include payment processing, cannabis and more. Headquartered in Phoenix, Arizona, SinglePoint provides investors with an opportunity to gain exposure to a broad array of assets.
SinglePoint is building an impressive portfolio of undervalued subsidiaries that offer a varied holding base with multiple streams of revenue (http://ibn.fm/2Kov4). The company is taking advantage of its technological expertise to develop opportunities in the cannabis market, and, since 2014, SinglePoint has been providing ancillary solutions and investing in or acquiring businesses that provide services or offerings to the hemp and cannabis industries.
SinglePoint is eyeing opportunities to implement its payments expertise into accounts including CBD and cannabis clients. The company can support online and instore payments for business of all kinds and plans to continue alternative payments rollouts through the use of blockchain-based solutions.
Recently, SinglePoint provided a shareholder update overviewing its important growth initiatives. These initiatives involve solar, hemp and merchant services. The company’s most recent acquisition was that of Direct Solar, whose offerings span both commercial solar applications and renewable-energy financing options. Direct Solar enables residential solar customers to shop their options so that they can find the best offerings for their homes (http://ibn.fm/vw8gU).
Fundamentally, Direct Solar offers an innovative solution for lenders, building owners and management teams. For lenders, the firm provides verified projects with vetted services providers. Lenders offer Direct Solar their lists of requirements in order to fund a project. Subsequently, lenders receive only projects that fit within those parameters. For commercial customers, Direct Solar provides a one-stop shop where they can apply for and receive financing for their projects upon approval. In its first 60 days, Direct Solar contracted more than $3 million in residential solar contracts.
Furthermore, SinglePoint has its hemp-derived CBD (cannabidiol) offerings. SingleSeed is the company’s consumer-facing CBD brand, and it has been progressively building sales via its ecommerce site, SingleSeed.com. SingleSeed is now working on distribution agreements to bring hemp-derived CBD products to retail stores.
Moreover, SingleSeed is leveraging opportunities to manufacture products for consumers. Through its DIGS subsidiary, SingleSeed has leased a property in Carlsbad, California, to manufacture and distribute products ranging from hemp topicals to tinctures and capsules.
SinglePoint is also concentrating once again on payments and merchant services. The company is working to take on all kinds of businesses, including high-risk ventures such as cannabis and hemp, auto mechanic shops and restaurants. SinglePoint has acquired many new merchants recently and is currently building its strategy around bringing in more contractors to quickly scale its merchant services team.
SinglePoint continues to focus on its strategy to drive revenue growth through partnerships, equity-financed acquisitions and internal product development. The company offers investors a door to emerging technologies that have the potential for significant ROI, putting SinglePoint at the vanguard of innovation in new verticals.
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