NEW YORK, NY--(Marketwired - Sep 7, 2017) - NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring SinglePoint, Inc. (
The publication, titled, "Cannabis Industry Leaders Drive Growth with Acquisition Strategies and Territorial Expansion," discusses how innovative companies are growing alongside the expanding cannabis sector.
To view the full publication, visit: https://www.networknewswire.com/cannabis-industry-leaders-drive-growth-acquisition-strategies-territorial-expansion/
"In March of 2017, SinglePoint made an investment in Convectium, the creator of a unique oil filling machine capable of filling cartridges or disposable vape pens for wholesale distribution to dispensaries. Convectium's 710Shark and 710Seal system can fill and package up 100+ cartridges or disposable vape pens in 30 seconds. Leaning on the marketability of this first-of-its-kind system for the cannabis industry, as well as its line of B2C products, Convectium previously forecast full-year 2017 sales of $3.5 million (http://nnw.fm/Uz1hR).
"In August, SinglePoint signed a Letter of Intent to acquire a 51-percent stake in Phoenix-based medical marijuana distribution company, Dr. FeelGood. With its acquisition of Dr. FeelGood on the horizon, SinglePoint will soon add another revenue stream to its model, as well as the decades of expertise of owners Scott Riley and Jeff Clevenger who will run the daily operations of Dr. FeelGood and assist with its expansion strategy."
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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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.