Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced that it has formalized a letter of intent signed earlier this month related to its entry into a multifaceted joint venture and co-marketing agreement with Smart Cannabis Corp. (OTC: SCNA). Per the terms of the agreement, SinglePoint will distribute SCNA’s SMARTAPP automation software product, as well as the upcoming ‘Track and Trace Software System’. As noted in the update, these platforms serve as natural add-on extensions to SinglePoint’s recently announced cybercurrency payment processing system. “We are extremely excited by the synergy we share with Smart Cannabis Corp.,” Wil Ralston, president of SinglePoint, stated in the news release. “We believe with our teams collaborating on projects we will quickly bring solutions to fruition. With the data Smart Cannabis Corp collects through their Track and Trace Software system, SinglePoint will be able to start building a blockchain platform giving further insight in the cultivation and sale of cannabis related products.”
In a separate news release, SinglePoint announced the successful completion of its calendar year 2016 corporate audit by PCAOB firm Turner Stone and Company. In addition to confirming SinglePoint’s recent growth, the audit serves as a significant step toward a potential up-listing to the OTCQB Venture Market in the future.
Let us hear your thoughts: SinglePoint, Inc. Message Board
About SinglePoint, Inc.
SinglePoint, Inc. (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 SingleSeesd, the company is providing products and services to the cannabis industry. For more information, visit www.SinglePoint.com
QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.