- Singlepoint launched its Pure American Hemp Cigarette line at a National Association of Convenience Stores (NAC) event
- SING CEO Greg Lambrecht was recently featured on Money TV, where he discussed the company’s success at the NAC convention
- The NAC show attracted buyers from the top 500 convenience stores nationally, providing a platform for SING to forge valuable connections
SinglePoint Inc. (OTCQB: SING) CEO Greg Lambrecht was featured in a recent MoneyTV interview, reporting live from the recent National Association of Convenience Stores (NAC) event in Georgia. He noted that SING was the sole exhibitor of hemp cigarettes at the show and spoke optimistically about the product’s commercial potential. SING exhibited its Pure American Hemp Cigarette line to retail owners representing approximately 2,500 stores, selling multiple cases during the show and ordering additional products to meet demand (http://ibn.fm/1E6NG).
“Our success at NACS was beyond what anybody in our group imagined,” Lambrecht said in reflection on the event. “It truly gave us deep insight into how large of an opportunity this is. With interest from parties representing over 20,000 retail locations, we are excited to move into this convenience store industry accounting for over 150,000 locations. Over the next 90 days we will be following up with these owners to finalize their purchase orders. I am ecstatic to say that again we had people waiting in line to speak about our hemp cigarettes.”
Lambrecht drew a connection between the success of Pure American Hemp Cigarettes and the successful product introduction of Premium Cigars International and PrimeTime(TM) to the convenience store industry years ago. “We expect this new product to dramatically increase revenue in the near future,” Lambrecht concluded.
Lambrecht noted that smoking hemp has “really taken off within the past six months,” providing a boon to SING and its launch of the Pure line (http://ibn.fm/Ce3tC). “We think buyers are [here] specifically looking for hemp cigarettes,” he added. “We’re really excited and happy we’re here. This is one of the biggest shows in the country.” The company’s timely opportunity to be the sole presenter of such a high-demand product in front of the country’s top commercial buyers lends Singlepoint a significant advantage in the commercial hemp cigarette sector.
Lambrecht also detailed SING’s strategy to spread the word about Pure American hemp cigarette line. He explained the company’s efforts to send a sophisticated mailer to each of the 140,000 convenience stores nationwide, utilizing the tagline ‘Make the Switch’, which encourages smokers to convert from nicotine cigarettes to Pure hemp cigarettes.
Not only is SING making strides in the growing hemp industry, but the company is also continuing to create significant inroads into the solar energy space through its impressive performer, Direct Solar. In a prior Money TV segment, Lambrecht discussed SING’s solar success. He told host Donald Baillargeon that “Direct Solar could generate revenues up to $2 million per month in 2020”and perhaps grow even more with financing provided by SING’s new arm, Direct Solar Capital (http://ibn.fm/L4Zol).
SING projected that subsidiary Direct Solar could drive company revenues in FY2020 to $15 million to $25 million. The solar division is already generating $1 million a month in contracts with some $300,000 in profits. By 2020, that monthly sales total could be dramatically higher (http://ibn.fm/ORiep).
Since experiencing such success at NACS, the company has scheduled its next major retail event to be December 11-13 at the MJBIZCON in Las Vegas. The company will be introducing its innovative hemp cigarette, pioneering a new industry product for dispensaries.
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