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SinglePoint Inc. (SING) Sees Record Hemp Cigarette Sales, CEO Forecasts Multimillion Dollars in Sales for 2020

  • SinglePoint returns from NACS show with 75 leads and potential for 3,000 accounts
  • The company closed a record $50,000 in hemp-cigarette sales onsite
  • SING’s Direct Solar subsidiary continues to post record sales figures

SinglePoint Inc. (OTCQB: SING), a diversified holding company with operations in multiple industries and verticals including legal cannabis, just returned from a stellar showing at the October National Association of Convenience Stores (NACS) Show, held in Las Vegas. Singlepoint founder and CEO Greg Lambrecht shared the positive news this week during an interview on MoneyTV with Donald Baillargeon (http://ibn.fm/aYbxy).

“We just really did well there at the NACS show,” Lambrecht stated in the interview, noting that SING was one of the only booths to feature hemp cigarettes. “We did a pretty massive direct-marketing campaign to get people to the booth. We were busy the whole three days, and we had six people manning the booth. We probably had about four to five hundred people come through our booth. We just put together 75 leads in SalesForce, which equals about 3,000 accounts.”

Lambrecht noted that many of the visitors to the booth were buyers for chain stores, some numbering in the hundreds. The company is now following up on each lead.

In addition to following up with interested buyers, SING is also busy filling orders that were actually placed during the show – the company closed on $50,000 worth of sales onsite. “It’s incredible,” said Lambrecht, who noted that taking onsite orders wasn’t even an option in his “previous life” doing trade shows. “And now we’re able to swipe credit cards right on our phones and take orders at the show.”

Singlepoint isn’t worried about meeting demand for its popular Pure American Hemp Cigarettes. The company ordered two pallets of product delivered to its California facility: the first will be used to fill the onsite orders, and the second will provide ready inventory for anticipated orders from NACS leads.

“We’re expecting additional sales,” Lambrecht continued. “We’re well on our way. We could be one of the leaders in the hemp cigarette business.” The Singlepoint exec noted that the company plans to attend future shows as well, including the MJBizCon conference slated for December. “We picked the right product, and we really have the right team,” he says. “We expect huge things from the hemp business.”

In addition to SING’s booming hemp cigarette business, Lambrecht noted that there was “nothing but great news on Direct Solar as well.” Singlepoint’s Direct Solar subsidiary (http://ibn.fm/42Udy) is a solar energy brokerage focused on finding and installing “the best available solar-energy system for any building residential or commercial for no money down, no cost for an estimate.” The company, which SING acquired earlier this year, has surpassed expectations by signing contracts to deploy more than $1.7 million in solar installs in a one-month period, then adding up to a two-month total of nearly $3.5 million in contracts.

“[Direct Solar is] doing as well as they ever have and even better,” Lambrecht added. “Their sales are getting better every month as they grow…We’re pretty excited to show the audience and all of our shareholders our revenues for third quarter. Singlepoint is continuing to increase their revenues and their profits and their balance statement. This is really going to be a great year for us in 2020. I expect again to do somewhere between $15 and $20 million in revenue, and I expect the stock to follow.”

Singlepoint Inc. is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base.

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

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