Company adds solar to portfolio for indoor cannabis growers

SinglePoint Inc. continues to add branches to its family tree with new acquisitions and joint-venture announcements. SinglePoint first began as a full-service mobile technology provider – which remains a mainstay of the business – but has since diversified with new opportunities in several horizontal markets, including the CBD (cannabidiol) sector and solar power systems.

Most recently, SinglePoint 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

"Solar power and wind power met nearly 9 percent of U.S. power demand in 2018, with solar generation, provided by rooftop panels and through utility scale solar farms, growing at 25 percent, according to pv magazine’s analysis of data provided by the U.S. Department of Energy’s Energy Information Administration.", the company says. 

"Pairing solar with energy-hungry cannabis operations is another huge potential market for SinglePoint as indoor growers seek to cut back on the high cost of electricity. Legal cannabis growers are taking a hard look at solar, co-generation and battery systems as ways to combat rising energy costs, as an article published by GreenTechMedia details."

For more information:
SinglePoint Inc. 
2999 North 44th Street
Suite 530
Phoenix, AZ 85018

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