SinglePoint’s (OTC: SING) management team, in a recent audio press release, said the company is poised to make two to three additional acquisitions as SinglePoint sees further opportunity in the legal marijuana market and medical cannabis. The company is working to support cannabis dispensaries with an innovative cryptocurrency bitcoin solution and is also helping legal marijuana sellers create a solid online presence with its SingleSeed.com subsidiary.
“The company’s recent online audio press release (http://dtn.fm/4lNeO) illustrates how this Seattle-based full service mobile technology provider is transitioning into a diversified holding company. It is committed to growing in the cannabis industry. It has formed a joint venture with First Bitcoin Capital Corp. (http://dtn.fm/xNi0e) to offer a payments solution using blockchain technology. The goal is to develop a proprietary solution for high-risk vertical businesses within the cannabis industry. Vancouver, Canada-based First Bitcoin Capital (OTC: BITCF) is a vertically-integrated, publicly traded bitcoin entity. In May 2017, SinglePoint acquired 90% of discount indoor garden supply firm DIGS. That purchase put SinglePoint further into the online marketplace. That company has two brick-and-mortar store locations in California and is eyeing a third. It also has an online store, www.DIGSHydro.com. SinglePoint has also acquired a portion of Convectium (http://dtn.fm/9Bk7M). This California company creates infrastructure for firms in the cannabis market. It has developed a unique oil filling system, and its products will be sold through SinglePoint’s SingleSeed.com subsidiary.”
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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 SingleSeed the company is providing products and services to the cannabis industry. For more information visit www.SinglePoint.com
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