Management of SinglePoint, Inc. (OTC: SING) at Podcast Row, MJBizCon, Talk about the Growth of the Sector and their Company and the Big Opportunity in CBD
POINT ROBERTS, Wash. and LAS VEGAS, Nov. 26, 2018 (GLOBE NEWSWIRE) -- www.Investorideas.com, a global news source covering marijuana and hemp stocks and its cannabis podcast site www.potcasts.ca, report from Podcast Row in Las Vegas at this year’s biggest MJBizCon show to date. Today’s special edition features an interview with the management of SinglePoint, Inc. ( OTC: SING ), Mr. Gregory P. Lambrecht Founder, Chairman, CEO and Mr. William Ralston, President and Director discuss the growth of the MJBizCon conference, the industry and their company.
Attending since the first year of MJBizCon, Ralston and Lambrecht have both witnessed first-hand the growth of the sector. Looking at their entry into the cannabis space Ralston said, “SinglePoint’s history was always mobile payments, text messaging and mobile technology. When Colorado and Washington opened up selling cannabis, we thought lets go after that business. We had a mobile payments technology, they need these payment solutions and a lot of people were afraid to touch it. So we jumped in.”
“We acquired GreenStar Payment Solutions and started SingleSeed that we eventually rolled GreenStar into. And there we were, processing payments in the cannabis market. From there we continued to grow and acquired DIGS. We really are an ancillary pick and shovel company and that’s where we see a lot of the opportunity.”
Talking about the CBD market Ralston told Investor Ideas, “SingleSeed.com is selling all of our CBD based products and we are looking at adding other brands to that site to become the e-commerce hub distributing these products.”
He went on to say, “We see a huge opportunity in the market and there may be a larger market there, as there are still a lot of people that don’t want to use cannabis yet. The latest numbers that we saw are tremendous; it’s almost at 40% of the cannabis market and it’s just catching on. We are not only looking at selling these products but also looking at acquisitions that for us, would open up the floodgates.”
In closing Lambrecht talks about their ambitious acquisition plans to add significant revenue to the company’s bottom line and to uplist.
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