NEW YORK, NY--(Marketwired - Mar 16, 2017) - NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring SinglePoint, Inc. (OTC: SING), an NNW client focused on diversifying its acquisition portfolio of small to mid-sized companies.
The publication, entitled, "'No-Touch' Approach Reduces Risk as Public Companies Tap Explosive Growth of Cannabis Industry," discusses how a "hands off" approach in the marijuana industry hedges against the risks of changing federal laws and restrictions.
To view the full publication visit: https://www.networknewswire.com/no-touch-approach-reduces-risk-public-companies-tap-explosive-growth-cannabis-industry/
"SinglePoint, Inc. (SING), through its SingleSeed Payments subsidiary, years ago set up a strategy to offer payment solutions to the cannabis industry. Its mobile marketing and payment solutions include cashless ATM, Pay-by-Text™ and text message marketing. The plan is to develop a marketing program specifically designed for cannabis accounts, enabling consumers to use their credit and debit cards to make payments for cannabis purchases.
"In another hands-off strategy, SinglePoint has acquired (http://nnw.fm/g8OO3) an interest in Jacksam Corp., dba Convectium, the profitable, California-based developer of the 710Shark and 710Seal system. This innovative oil filling system can fill and package more than 100 cartridges or disposable vape pens in 30 seconds, making it the fastest and only filling and sealing system in the industry."
The publication further discusses SinglePoint's growing portfolio, and provides a look at several industry peers.
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.
Connect on social media at: www.facebook.com/SinglePointMobile, www.twitter.com/_SinglePoint_, www.linkedin.com/company/SinglePoint and www.youtube.com/user/SinglePointMobile
For more information visit www.SinglePoint.com or www.SingleSeed.com
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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.