New York, New York--(Newsfile Corp. - October 5, 2017) - CannabisNewsWire ("CNW"), a multifaceted financial news and publishing company for the cannabis industry, today announces the publication of an editorial featuring SinglePoint, Inc. (OTC Pink: SING), a client of CNW focused on strengthening its position in the marijuana industry through the acquisition of, or investment in, small to mid-sized cannabis companies.
The publication, titled, "Cannabis Market Extends across Numerous Industry Segments," discusses the operations of various leading companies that provide services to the legal marijuana space.
To view the full publication, visit: https://www.cannabisnewswire.com/cannabis-market-extends-across-numerous-industry-segments/
"SinglePoint (SING), a holding company that originated in the mobile technology sector, has assembled a diverse portfolio of subsidiaries. Its own SingleSeed subsidiary has had multi-industry impacts by addressing the unbankable aspects of the cannabis industry. At its core, SingleSeed addresses a significant obstacle of the marijuana industry. Because federal restrictions forbid traditional banks from backing marijuana merchants, businesses must rely on cash-only transactions, which presented numerous security and accounting problems.
"SingleSeed's aim is to make cashless transactions and high-risk credit card processing available to cannabis and other high-risk companies. SingleSeed also offers other business development services such as digital packages focused on helping cannabis businesses grow their customer base and create loyalty through website building, affiliate marketing, web traffic analysis, and event planning. The overriding theme here is that SingleSeed is positioned to serve the cannabis business needs of a diverse range of businesses in the cannabis industry, regardless of the current federal banking guidelines and the oversight of the FDIC."
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.
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://wwwCannabisNewsWire.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.