NEW YORK, NY--(Marketwired - Apr 13, 2017) - NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring SinglePoint, Inc. (
The publication is entitled "Marijuana Industry Growth Fueled by Investments and Public Support for Legalization." It provides an overview on public support for the legalization of marijuana, and discusses how several public companies are getting in from the ground up.
To view the full publication, visit: https://www.networknewswire.com/marijuana-industry-growth-fueled-investments-public-support-legalization/
"Last year, the North American legal marijuana industry grew to $6.7 billion, a 34 percent increase in just one year, according to Arcview Market Research. With the black market included, sales topped $56 billion. Public support is increasing as well -- 57 percent of Americans supported the legalization of marijuana in 2016, up from 52 percent in 2014. With the market expanding and public support increasing, there are more opportunities to invest than ever before ... Focused on the acquisition of small- to medium-sized technology companies, SinglePoint (SING) has an acquisition portfolio with roots in the cannabis industry. Most recently, the company acquired a stake in Convectium, the developer of a unique oil filling and packaging system for cartridges and vape pens. The 710Shark oil filling machine and 710Seal system increase cartridge and vape device output by more than 100x. Eliminating hand filling, the system can fill 100 cartridges in less than 20 seconds, allowing for up to 300 cartridges or disposable pens to be filled every minute. A dual injection system is heated up to 125°C, making the machine capable of handling the thickest of oils. With a growing market presence and consumer demand, Convectium expects its revenue will increase 150 percent in 2017 compared to the year prior."
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.