- SinglePoint’s horizontally established portfolio is primed for exponential profit growth with the announcement of asset acquisition, capitalization plans
- The company’s plans to acquire solar energy business Direct Solar and solar marketer AI Live Transfers mark entry into industry eyeing $57.3 billion by 2022
- Letter of intent anticipates raising up to $12 million to fund hemp-derived CBD opportunities amid projections of $22 billion market by 2022
- SinglePoint is also investing in efforts to develop specific strains of CBD through the photobioreactor process
Continued interest in energy systems that are friendly to the planet’s environment is creating new opportunity for exponential growth at SinglePoint Inc. (OTCQB: SING), a diversified holding company specializing in M&A activity that promotes new technologies. On February 26, SinglePoint announced that it has signed an agreement to acquire Direct Solar and AI Live Transfers – two companies utilizing the Lending Tree Model to market products and services to solar power consumers (http://nnw.fm/6u7Ci).
The Lending Tree Model involves the use of technology to connect people seeking loans with a variety of loan providers nationwide, so they can shop for a service that most closely suits their needs. SinglePoint’s asset purchase agreement with the two solar industry products, services and marketing enterprises follows its own model of establishing a horizontal industries portfolio comprising undervalued companies that will benefit from the injection of growth capital and technology integration.
The acquisition agreement granting Direct Solar and AI Live Transfers more than $2 million in SinglePoint common stock shares and a 49 percent ownership interest in a funded subsidiary gives SinglePoint a toehold in the solar energy industry at a time when multinational concerns over climate change are driving governmental, corporate and consumer interests toward renewable power sources such as solar (http://nnw.fm/Jh7s3). Analysts at Zion Market Research forecast global solar panel industry growth, with a CAGR of 10.9 percent between 2017 and 2022, landing at $57.3 billion by 2022 (http://nnw.fm/5bGbA).
Additionally, SinglePoint plans to use proprietary technology that Direct Solar has developed to educate sales representatives around the nation to quickly scale the business. This acquisition also enables SinglePoint to tap into cannabis businesses nationwide regarding opportunities to save money and increase their margins through the use of solar to lower utilities expenses. SinglePoint expects to begin realizing profits from the Direct Solar acquisition by April. AI Live Transfers is a company that uses artificial intelligence in the marketing arena to progressively seek out potential customers using a strategy that maximizes closing agents’ time (http://nnw.fm/8RcBB).
“This is a phenomenal opportunity for SinglePoint. This changes the entire financial fundamentals for the company and enables us to continue to push forward with opportunities to continue increasing shareholder value and the overall value of SinglePoint,” SinglePoint President Wil Ralston stated in a news release.
The company has also announced a letter of intent to raise up to $12 million to capitalize on a wide variety of opportunities in the hemp-derived CBD space (http://nnw.fm/q5QP1). SinglePoint has been highly focused on the hemp market through its SingleSeed.com subsidiary and is establishing a place in the CBD market supply chain.
“We are already filling multiple orders and will be able to expand our sales and marketing as well as receive the best pricing from our suppliers with larger purchase orders” once the funding proposal is completed, SinglePoint CEO Greg Lambrecht added.
The company has also invested in TorusMed – a business using commercial-size photobioreactors in its efforts to produce specific strains of CBD. Cannabis industry analysts at the Brightfield Group predict that the hemp-derived CBD market could reach $22 billion by 2022, demonstrating the potential of progressively investing in business growth in that space (http://nnw.fm/Kw49w).
For more information, visit the company’s website at www.SinglePoint.com
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