Special edition of InvestorIdeas #Cannabis #Potcast
with SinglePoint Inc. (OTCQB: $SING); #Solar and Cannabis Combine for a Bright
Future
From Cannabis to Solar, Crypto or Psilocybins
-SinglePoint Inc. is on the Cutting Edge
Point Roberts, WA and Kelowna, BC - May 22, 2019
(Investorideas.com Newswire) Investorideas.com , a global news source covering
leading sectors including cannabis and solar stocks and its potcast site, www.potcasts.ca release a special edition of Investorideas.com
potcastsCM - cannabis news and stocks to watch.
Listen to the
podcast featuring an interview with Will
Ralston, President of SinglePoint Inc. (OTCQB: SING):
Read
this in full at https://www.investorideas.com/news/2019/cannabis-potcasts/05221OTCQBSING-Solar-Cannabis.asp
Ralston
discusses SinglePoint’s latest acquisition of Direct Solar, their largest deal
to date as well as the company’s expectations for 2019.
Direct
Solar operates on a Lendingtree/Rocket Mortgage model in which the company
provides homeowners options for installers that service their area and the loan
programs they have access to. This allows the company to expand throughout the
US and globally. With the backing of SinglePoint, Direct Solar will have the
ability to quickly scale into new markets and establish the company’s foothold
in the Solar market.
"This
acquisition will securely place SinglePoint on a new path towards growth,
revenue and overall profitability. We believe Direct Solar has the people and
the ability to scale beyond initial projections and truly make an impact on
SinglePoint's goal of getting a NASDAQ or NYSE. We believe in the following 12
months from the date of the acquisition, revenues will be in the multiple
millions along with profitability. This acquisition is a new opportunity and
puts SinglePoint on a whole new trajectory path," states Greg Lambrecht,
CEO of SinglePoint in their recent
press release
discussing the acquisition.
Mr. Ralston mirrored this
sentiment when discussing Direct Solar, with high expectations of growth and
revenue for 2019.
“What’s driving the growth
of Direct Solar is there are so many customers looking to not only save on
their energy and power costs, but also reduce the amount of energy they are
using derived from fossil fuels and to have access to a more renewable energy
source.”
Speaking about their
customers, when asked where Direct Solar intends to focus first, more in
commercial or residential sectors, he sees a good blend of the two in their
future.
“Residential is a big
component. We (Solar companies) just passed the 2 millionth install
residentially but we also see a massive potential in commercial systems as
well. We’ve recently seen a lot of large companies like Amazon working with
solar and some opportunities to establish micro-grids in small communities. We
will be working with different cannabis cultivation. That’s one of our reasons
for buying this company. Because of the power intensiveness that it does take
to grow cannabis currently, there is a massive opportunity to create
efficiencies and save money on your energy costs when cultivating cannabis,
hemp or any other indoor plants for that matter.”
Regarding larger companies
moving towards renewable energy, Facebook, General Motors and Walmart, along with over 300 other
companies recently launched the Renewable
Energy Buyers Alliance (REBA),
the largest group of corporate renewable energy buyers in the United States,
which will work to unlock the marketplace for organizations to buy renewable
energy with more than 60 gigawatts of new renewables online in the United
States by 2025.
Will explained in the interview that the “receptiveness
(in the industry) is there, and we are seeing tremendous growth. As solar
becomes more affordable and climate change and efficiency becomes more top of
mind for people, we are seeing that tick up. We saw a little lull about 3 years
ago, but about 2 years ago we saw the installations just start to go off the
charts. Adoption is there, people are becoming more aware and it’s affordable
now.”
Singlepoint has been at the cutting edge of emerging
markets with SingleCoin (Cryptocurrency Payments), SingleSeed (Cannabis) and now Direct Solar (Solar) and when asked about the next emerging sector,
Will expressed some interest in the latest psilocybin developments in
Colorado earlier this
month.
Over the past few years psilocybin research, much like DMT and pre-legalization
cannabis has had a surge of returned research, specifically in dealing with
psychosis and PTSD therapy.
Will went on to say, “I think that’s the next big wave if
looking at the cannabis side of things. We believe there is a heavy opportunity
there for many companies and we hope that we can participate in that, probably
through the purchase of some sort of manufacturing facility early on.”
That may be a way off though as any
serious form of legalization is still several years away, which allows
SinglePoint to focus on the future with Direct Solar.
“Direct Solar has put us on the financial
grounds that will provide the company with the revenues and EPS that is
required of us to make a move to either the NASDAQ or the NYSE. We believe we
can really push this company to the next level, which in return will push
SinglePoint to the next level,” Will continued.
Also read part one of this two part
series discussing SING solar acquisition:
Investorideas.com podcasts are also
available on iTunes, Spotify, Google
Play Music, Stitcher, Spreaker, YouTube
via Spreaker, iHeartradio and Tunein.
About
Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news
source publishing third party news and press releases plus we create original
financial content. Learn about investing in stocks and sector trends
from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto,
technology including AI and IoT ,
mining ,sports biotech, water, renewable energy and more . Investorideas.com
original branded content includes the daily Crypto Corner and Podcast, Play
by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News
and Stocks on the Move podcast and column,
Cleantech and Climate Change Podcast and
the AI
Eye Podcast and column covering developments in AI.
Disclaimer/Disclosure: Investorideas.com is a
digital publisher of third party sourced news, articles and equity research as
well as creates original content, including video, interviews and articles.
Original content created by investorideas is protected by copyright laws other
than syndication rights. Our site does not make recommendations for purchases
or sale of stocks, services or products. Nothing on our sites should be
construed as an offer or solicitation to buy or sell products or securities.
All investing involves risk and possible losses. This site is currently
compensated for news publication and distribution, social media and marketing,
content creation and more. Disclosure is posted for each compensated news
release, content published /created if required but otherwise the news was not
compensated for and was published for the sole interest of our readers and
followers. For Disclosure purposes this podcast creation and distribution
featuring SinglePoint
Inc is a paid for service on
Investorideas.com.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn
more about publishing your news release and our other news services on the
Investorideas.com newswire https://www.investorideas.com/News-Upload/ and
tickertagstocknews.com
Global investors must adhere to regulations of each
country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Investor Ideas does not condone the use of cannabis except where
permissible by law. Our site does not possess, distribute, or sell cannabis
products.
Follow us on
Social Media
Contact
Investorideas.com
800-665-0411
No comments:
Post a Comment