Investor Ideas talks to CEO SinglePoint, Inc. (OTC: $SING) about The Future of the #Cannabis Sector and How their Acquisition Strategy is Key to Growth
Point Roberts, WA - June 1, 2017 (Investorideas.com Newswire) Investorideas.com, a global news source covering leading sectors including cannabis and hemp releases an exclusive podcast interview with Greg Lambrecht, CEO of SinglePoint, Inc. (OTC: SING).
Hear the full podcast here: http://www.investorideas.com/Audio/Podcasts/053017-GregLambrecht-SinglePoint.mp3
Recent acquisitions have given SinglePoint, Inc. a strong footing to take advantage of California's recreational marijuana legalization next year.
SinglePoint CEO Greg Lambrecht said the company's acquisition of Convectium, which supplies hardware solutions to the cannabis industry, will have a major impact on the market.
"We've made two acquisitions in the last three months. One of them is called Convectium and they have a machine that has solved the problem of people filling the vials with the oil by hand," he said.
Lambrecht is referring to the 710Shark, which is an oil cartridge filling machine that can fill 100 cartridges in less than a minute. (https://www.youtube.com/watch?v=XLSvSVci6gI)
Lambrecht also talked about SinglePoint's most recent acquisition of Discount Indoor Garden Supply ("DIGS").
"The other company we acquired is called DIGS. They have an online presence, they have two retail stores and also a consulting service--all in the cannabis vertical," he said.
DIGS sells growing equipment, supplies and accessories to both commercial and individual growers. This acquisition is important because once the new law takes effect in California, people aged 21 and over will be able to grow up to six plants in their own homes.
Lambrecht is particularly enthusiastic about California, which being the world's sixth largest economy, holds a lot of market opportunities for an emerging industry like cannabis.
"It's a 'green' rush," he said. "We're really moving forward with acquisitions and we're really excited about California in particular because, as we know, it's opening up in January of 2018. It's such a large state, it's like a small country and the business there is going to be pretty amazing."
To hear more Investorideas.com podcasts visit: http://www.investorideas.com/Audio/.
Investorideas.com podcasts are also available on iTunes, Google Play Music, Stitcher and Tunein.
About SinglePoint, Inc.
SinglePoint, Inc. (OTC:SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry.
About Investorideas.com - News that Inspires Big Ideas
Investorideas.com is a meeting place for global investors, featuring news, stock directories, video, podcasts, company profiles, interviews and more in leading sectors.
Investorideas.com cannabis/marijuana and hemp content now includes http://cannabisstocknews.blogspot.com on Blogger.com: the Investorideas.com news and stock directory pages, a cannabis investor group on Linkedin.com, the 420 Cannabis Investor ideas www.420cannabisinvestorideas.com and the new AI site Global Cannabis Investing at www.Globalcannabisinvesting.com
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Disclosure: SinglePoint, Inc. (OTC: $SING) is featured on the 420 Cannabis Investor Ideas of 2017 at www.420cannabisinvestorideas.com
Disclaimer: This directory is not a recommendation to buy or sell securities or products or services Investorideas.com charges a fee for placement. The directory is not an endorsement or recommendation but meant to be an investor resource/ due diligence tool.
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 investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. 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. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: Companies Featured on the 420 Cannabis Investor Ideas have paid a one-time fee of Up to $1000 to be featured on the directory and is also a featured cannabis company for news and PR, social media for one month. Renewed May 25 2017 for 3 months at one thousand per month
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.