NEW YORK, NY--(Marketwired - Oct 11, 2017) - CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company for the cannabis industry, today announces the publication of an editorial featuring SinglePoint, Inc. (
The publication, titled, "Green Rush Offers Enticing Secondary Business Opportunities," discusses various companies that provide products and services related to the broader cannabis economy.
To view the full publication, visit: https://www.cannabisnewswire.com/green-rush-offers-enticing-secondary-business-opportunities/
"As the cannabis industry evolves, opportunities to provide the necessary ancillary services are expanding, too. Cannabis cultivators are seeking new ways to increase production and lower costs. Indeed, one of the more critical needs facing the cannabis industry is finding a way to move past its current 'cash-only' status to develop safer, more secure and reliable payment option. Most banking institutions operate in multiple states and are subject to strict federal regulations, which means the majority have steered clear of getting involved in businesses that touch the marijuana plant. While that attitude is changing somewhat, the cannabis industry continues to need a way to transact daily business in a rapidly growing market.
"SinglePoint (SING), which has evolved from a full-service provider of mobile technology to a publicly traded holding company, is now focused on diversifying into horizontal markets within the cannabis sector. The company's wholly owned subsidiary, SingleSeed Payments, is tapping into the consulting and consumer ancillary markets by being one of the first merchant service providers targeting the marijuana industry. SingleSeed, which aims to make cashless transactions and high-risk credit card processing available to cannabis and other high-risk companies, offers innovative payment solutions. Regardless of the current federal banking guidelines and oversight of the FDIC, SingleSeed is positioned to solve a singular problem facing this rapidly growing industry. Along with its ability to provide tools that help cannabis businesses take point-of-sale payments through cashless ATMs and mobile marketing apps, SingleSeed's reliable solutions make secure transactions and communications easy.
"Year-to-date, SinglePoint has acquired or invested in three companies, driving revenue growth and solidifying the company's revenue-by-acquisition model. Most recently, the company signed a Letter of Intent ("LOI") to acquire a 51-percent stake in a Denver-based company paced to record $1 million in annual revenue."
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.
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About CannabisNewsWire (CNW)
CannabisNewsWire ("CNW") is a specialized information service that (1) aggregates cannabis news, (2) provides CannabisNewsBreaks that quickly updates investors in the space, (3) enhances corporate press releases, (4) helps companies with distribution and optimization of social media, and (5) delivers comprehensive corporate communication solutions. CNW is uniquely positioned in the cannabis market with a strong team of journalists and writers who can help private and public companies reach a wide audience of investors, consumers, journalists and the general public through our ever-growing dissemination network of more than 5,000 key syndication outlets. CNW is bringing unparalleled visibility, recognition and content to the cannabis industry.
For more information please visit https://www.CannabisNewsWire.com
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.