On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

SinglePoint, Inc. (SING) Shines among Diversified Players in the Legalized Cannabis Space

  • Commencing volume manufacturing, allowing ramp-up of distribution and sales
  • Partnering with Bitcoin Capital to create proprietary bitcoin payment solution to serve cannabis industry

SinglePoint, Inc. (OTC: SING) continues making great strides in its strategic diversification efforts and has become a compelling and diversified player within the cannabis market. In a recent article, SinglePoint was mentioned among other standout companies that are making their mark in unique ways within the cannabis industry (http://nnw.fm/xtM87). Shining among these other standouts in the blossoming legal marijuana market, SinglePoint has begun demonstrating its ability to generate revenues through strategic acquisitions in the marijuana space—all without ever touching the plant.

Among its exciting achievements, SinglePoint recently forged an agreement with Premier Biomedical, Inc. (OTCQB: BIEI) to act as a volume supplier in the manufacture of Premier’s new CBD Hemp Oil Skin Patch, which is anticipated to be the first in a line of products stemming from the agreement between the two companies.

Commencing the volume manufacturing of its products will enable Premier to start aggressively expanding its distribution network and increase sales volumes in domestic and foreign markets. For SinglePoint, it is anticipated that this new business will significantly contribute to the company’s revenue goals.

SinglePoint has also been working diligently in its acquisition efforts and inside sales in order to bolster revenues. Among the company’s other recent accomplishments, SinglePoint has joined forces with First Bitcoin Capital Corp. (OTC: BITCF) to create a proprietary bitcoin payment solution to serve U.S. cannabis businesses that are currently “unbankable” due to federal restrictions. The bitcoin solution is being collaboratively developed by the two companies and can be deployed in any point-of-sale machine through a simple download. This will allow marijuana businesses to begin accepting credit and debit card purchases independent of banks and the FDIC, giving cannabis customers a seamless payment experience similar to what they would have in any type of store.

The bitcoin solution will further build on SinglePoint’s track record of offering advanced payment technologies. The company already serves the cannabis industry through its SingleSeed subsidiary (www.SingleSeed.com), which supplies various services to marijuana businesses and has become a hub for dispensaries that are looking for payment processing solutions and other business tools. SingleSeed additionally provides payment processing and text message marketing solutions for marijuana businesses.

Other SinglePoint endeavors include the company’s recent acquisition of Discount Indoor Garden Supply (DIGS), which has positioned the company to be a leader in online products, retail stores, cannabis consulting and equipment in California, serving the thousands of marijuana-related businesses in that state. SinglePoint has acquired 90 percent ownership of DIGS.

SinglePoint also invested in Convectium earlier this year. This California-based provider of equipment, branding and packaging solutions for the cannabis industry developed the very first cartridge and vape pen oil-filling machines offered for wholesale distribution to cannabis dispensaries. Convectium’s 710Shark and 710Seal machines, currently sold through the EquipCanna.com website, are able to fill and package over 100 cartridges of disposable vape pens in only 30 seconds. Additionally, Convectium operates a consumer brand that includes HazeSticks and BlackoutX products.

SinglePoint continues to stand out among companies that are making their mark in the marijuana space through distinctive approaches to this burgeoning market. With so many rivals now looking for a piece of the pie in the marijuana space, SinglePoint’s diversification and unique approaches to profiting from the cannabis boom without actually touching the plant make this company one to watch.

For more information, visit the company’s website at www.SinglePoint.com

More from CannabisNewsWire

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

CannabisNewsWire (CNW)
Denver, CO
www.cannabisnewswire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

DISCLAIMER: CannabisNewsWire (CNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. The commentary, views and opinions expressed in this release by CNW are solely those of CNW. Readers of this Article and content agree that they cannot and will not seek to hold liable CNW for any investment decisions by their readers or subscribers. CNW are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, CNW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.

CNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and CNW undertake no obligation to update such statements.

Archives

Select A Month

Official NewsWire Relationships

Alternative Products Expo Benzinga Cannabis Capital Conference Cannabis Business Summit & Expo 2019 Cannabis Drinks Expo Cannabis World Congress & Business Exposition Cannexpo Marigold PR MjMicro Conference New England Cannabis Network O'Cannabiz Conference & Expo Tether BudTender Tether BudTender Appreciation Week

CannabisNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Doge Coin

Dogecoin

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 303.498.7722