On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

Singlepoint, Inc. (SING) Showing Growth through Its Strategic Acquisition Plan

Singlepoint, Inc. (OTC: SING), a publicly traded holding company based in Arizona, has been highlighted as one to look out for in the cannabis space, according to InsiderFinancial.com (http://nnw.fm/f5UrR). The company, through its SingleSeed subsidiary, provides business services to cannabis businesses, including marketing, point of sale and more.

Because of the company’s nature, and its ability to fill a very challenging gap in the marijuana industry, Singlepoint is on a climb as the industry continues to flourish in the United States. This has been reflected in its stock price, which at the time of InsiderFinancial’s coverage had shown a 560% appreciation in approximately 12 weeks.

In addition to its substantial stock rise, earlier this year Singlepoint announced that it has raised more than $600,000, and it is looking to secure up to $1 million. Singlepoint has also made reference to its strategic acquisition activities.

During an interview with Donald Baillargeon from Money TV (http://nnw.fm/C2miF), CEO Greg Lambrecht explained that the companies Singlepoint is looking to acquire are those that are part of the cannabis industry, but that do not in any way touch the plant itself. This acquisition strategy allows Singlepoint to continue expanding without getting into trouble with any state or federal laws.

According to InsiderFinancial, the acquisition announcement relates to a company called Convectium, which has invented a mechanism that fills over 100 oil cartridges in just 30 seconds. Because of the high demand for this type of infrastructural technology, Singlepoint is expected to close this acquisition in the very near future.

According to Lambrecht and InsiderFinancial, Singlepoint’s key goals are to close its acquisition of Convectium, look for more acquisitions to close in the future, and continue to raise money for the company. With a market cap that has grown from just $5 million to over $40 million, and a significant amount of attention from new investors and other third parties, analysts believe that Singlepoint will continue to show signs of growth for the foreseeable future.

For more information, visit the company’s website at www.Singlepoint.com

About NetworkNewsWire

NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Archives

Select A Month

NetworkNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Doge Coin

Dogecoin

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 212.418.1217