SinglePoint (OTC: SING) this morning said it has entered a joint venture relationship with Smart Cannabis Corp. (OTC: SCNA) to license and market Smart Cannabis’ SMART app. The industry-specific application permits cannabis cultivators to oversee the entirety of their operations through their mobile device. The two companies will also utilize the partnership to integrate SinglePoint’s bitcoin payment solution and to finalize a track and trace solution. “The transaction from a cultivator to a processor or dispensary can be huge, over $150,000 per transaction, and it is simply not safe or efficient to carry that kind of cash to a transaction. We believe we can help secure and track this transaction with our solution,” states SinglePoint president Wil Ralston stated in the news release.
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About Smart Cannabis
Smart Cannabis Corp., is a public equity corporation focused on the advanced agriculture and cannabis industries with plans to grow through acquisition, strategic alliances, and proprietary intellectual property. The company’s wholly owned subsidiary Next Generation Farming Inc. provides turnkey commercial SMART greenhouse and automation systems that improve yields and decrease water consumption for cultivators of organic food and cannabis crops. For more information, visit the company’s website at www.SmartCannabis.com.
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 SingleSeesd, the company is providing products and services to the cannabis industry. For more information, visit www.SinglePoint.com.
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