New York, New York--(Newsfile Corp. - October 26, 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, "Bitcoin's Recent Gains Spell Opportunity for Cryptocurrency Companies," discusses companies taking advantage of the current boom in the cryptocurrency market with new services and offerings.
To view the full publication, visit: https://www.cannabisnewswire.com/bitcoins-recent-gains-spell-opportunity-cryptocurrency-companies/
"In the U.S., the burgeoning cannabis industry is, perhaps, one of the most promising applications for bitcoin and blockchain technology. Despite being on course to record sales of $13.3 billion in 2020, according to research by New Frontier Data (http://cnw.fm/9yFTv), the U.S. cannabis market is currently plagued with banking issues stemming from the Controlled Substances Act. This decades-old statute classifies marijuana as a schedule I controlled substance. As such, businesses operating in states that have legalized cannabis for either medicinal or recreational use are often unable to access traditional banking services offered by financial institutions operating at the interstate level. SinglePoint, Inc. (SING) is attempting to remedy the concerns presented to these currently all-cash businesses by providing a cryptocurrency alternative (http://cnw.fm/G7es0) to traditional banking solutions.
"Year-to-date, shareholders have taken note of SinglePoint's sustained growth and aggressive acquisition strategy. The company's price per share hit $0.0586 on October 20, 2017, up from $0.01 in early January. An updated investor kit detailing the company's products, leadership team and investor highlights provides readers with essential insights into the company's goals."
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.