- SING reports 176% revenue growth for Q3 2019 – largest ever for the company
- Explosive growth of 2019 forecast to continue into 2020
- Company distributing, debuting new line of JTI USA’s PrimeTime Little Cigars at 2019 MJBIZCON Show
Singlepoint Inc. (OTCQB: SING), which specializes in acquisitions of small to mid-sized companies with an emphasis in new technologies, is celebrating results from an impressive Q3 resulting from multiple strategic ventures. The recent acquisition of Direct Solar, product launches of PURE hemp products and distribution agreements within the hemp industry are providing investors opportunity across a wide range of assets.
During an interview on MoneyTV.net with Donald Baillargeon (http://cnw.fm/5LvxA), SING President Wil Ralston shared excitement as the explosive growth of 2019 looks to continue into 2020. Ralston noted that SinglePoint has surpassed expectations in the solar business and, in the hemp industry, has seen positive growth with its new line of 1606 Original Hemp Cigarettes and additional distribution agreements.
In Q3 2019, SING reported its largest-ever revenue growth of 176% (http://cnw.fm/2n1Oq). Direct Solar has surpassed its numbers month over month and continues to expand into new markets. The new acquisition has more than 55 agents, a partnership with 47 Texas schools and a team of dedicated people driving the sales through a multiprong approach to homeowners and corporate businesses. SinglePoint is continuing to accrue $1 million a month in contracts. Ralston stated that SING is excited to continue to show shareholders just how big the solar play will be moving forward.
In addition, SinglePoint had great success launching PURE at the National Association of Convenience Stores (NACS) Show in October and is looking forward to attending the 2019 MJBIZCON show in Las Vegas. Ralston noted that the company will be releasing its new 1606 Original Hemp product at the show.
While SING is developing an ecommerce site for the brand (http://cnw.fm/sgZ3Z), the hemp pre-rolls will not be available until the show in Las Vegas, although pre-orders have been taken. SING has also signed an agreement with AFG Distribution of North Carolina to sell, market and distribute the filtered hemp pre-roll (http://cnw.fm/IpvO7). This agreement will expand sales into an estimated 8,000 retail accounts. “Teaming with AFG and their impressive sales team accelerates our plan to put finished goods in front of consumers,” Don Smith, vice president of sales for SING, noted in a news release.
SING has also announced a distribution agreement with JTI USA, a multibillion-dollar organization with international presence in 130 countries (http://cnw.fm/fFn79). In addition to debuting the 1606 Original Hemp pre-rolled product, SING will represent – and take orders for – JTI’s PrimeTime Little Cigars debut. This product has already become known as the “best-flavored little cigars” on the market. PrimeTime™ has built a reputation as a leading consumer over the last 20 years and has been in major accounts such as Circle K and 7-Eleven.
“I’m excited and honored to be working with JTI to distribute PrimeTime Little Cigars,” SING CEO Greg Lambrecht stated in a news release. “The opportunity to work with a global leader in this category is exciting, and we are ready to expand Primetime’s U.S. market share with our unique experience in alternative markets. Having placed premium cigars in over 20,000 accounts, we expect this opportunity to be one of our major revenue sources in coming years, and to distribute additional JTI products as we grow this category.”
SING is already slated to attend two more shows in Q1 2020: The Food and Beverage Show and the Alcohol and Tobacco Show.
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://cnw.fm/SING
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