Special
Edition Investor Ideas #Potcast Features Interview with President of #SinglePoint
Inc. (OTCQB: $SING) Discussing #Solar Acquisition and Business Strategy
From #Cannabis to
Solar, Crypto or Psilocybins -SinglePoint
Inc. is on the Cutting Edge
Point Roberts WA, Kelowna BC – May 21, 2019 - 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
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.
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