NetworkNewsWire Announces Publication on Rising Interests in Bitcoin and Hydroponic Applications to the Cannabis Market
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 06/29/17 -- ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring SinglePoint, Inc. (OTC: SING), a client of NNW focused on strengthening its position in the marijuana industry through the acquisition of, or investment in, small to mid-sized cannabis companies.
The publication is entitled "Bitcoin and Hydroponics Present Prime Investment Opportunities in the Legal Cannabis Space." The article discusses specific areas of interest and growth in the burgeoning marijuana sector, and several key publicly traded companies participating in the market.
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"An ongoing roadblock for legal marijuana enterprises has been a lack of banking options, which forces these businesses to conduct cash transactions. SinglePoint has identified bitcoin digital currency as an ideal solution to the numerous challenges of the "unbankable" marijuana industry () and is creating a proprietary bitcoin payment solution that can be implemented in any point-of-sale machine through a simple download, enabling cannabis dispensaries and other marijuana businesses to conduct debit and credit card transactions independent of banks and the FDIC.
"SinglePoint, Inc. (SING) also participates in another high-interest area of the marijuana industry through its acquisition and 90 percent ownership of DIGS Hydro. Through DIGS Hydro, SinglePoint is now able to offer soil and supplies, including hydroponics products, to legal cannabis growers. It also offers consulting services relating to indoor growing and hydroponics. This acquisition has positioned SinglePoint to become a leader in online products, retail stores, cannabis consulting and equipment in California, which is home to thousands of marijuana-related businesses.
"SinglePoint also describes its strategy to increase revenues through the remainder of the year, leveraging the strength of its acquisition-based growth strategy. Such acquisitions are part of SinglePoint''s diversified approach to operating within the marijuana industry without ever touching the plant. Earlier this year, the company began funding Convectium, which is a provider of equipment, branding and packaging solutions to the marijuana industry and is the developer of the very first cartridge and vape pen oil-filling machines for wholesale distribution to cannabis dispensaries."
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 the company is providing products and services to the cannabis industry.
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NetworkNewsWire (NNW) is an information service that provides to users (1) access to our news aggregation and syndication servers, (2) enhanced press release services, and (3) a full array of social communication solutions. As a multifaceted financial news and content 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.
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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.
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Datum: 29.06.2017 - 06:30 Uhr
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News-ID 1511640
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