SinglePoint, Inc. (OTCQB: SING) and Smart Cannabis (OTC: SCNA) this morning announced the companies have expanded their joint venture agreement providing SinglePoint with the rights to sell Smart Cannabis’ Smart by Design greenhouses. Per the terms of the agreement, SinglePoint will have an exclusive agreement on Smart Cannabis products sold and installed within Arizona, including the company’s line of SMART by Design™ automated greenhouse systems and the soon-to-be-released “Track and Trace Software System.” “We are excited about this opportunity. The company has some great connections in Arizona and some soft commitments on potentially purchasing some greenhouses from us. Additionally, we are excited for the Track and Trace Software we believe with our development team we can really ramp this up and introduce it to the relationships we have here,” SinglePoint President Wil Ralston stated in the news release.
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About Smart Cannabis
Smart Cannabis is a public equity corporation advancing the agriculture and cannabis industries and growing through acquisition, strategic alliances, and proprietary intellectual property. The company’s wholly owned subsidiary, Next Generation Farming Inc., provides turnkey, automated, commercial greenhouses systems that efficiently 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 SingleSeed, the company is providing products and services to the cannabis industry. For more information, visit www.SinglePoint.com.
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