CannabisNewsWire Announces Publication on Public Companies Providing Ancillary Services to the Cannabis Sector
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 10/04/17 -- ("CNW"), a multifaceted financial news and publishing company for the cannabis industry, today announces the publication of an editorial featuring SinglePoint, Inc. (OTC: SING), a client of CNW focused on strengthening its position in the marijuana industry through the acquisition of, or investment in, small to mid-sized cannabis companies.
The publication, titled, "Cannabis Market Extends across Numerous Industry Segments," highlights companies that aren''t directly engaged in the cannabis sector, but that stand to profit from the services and solutions offered.
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"Numerous industries are being impacted. Cultivation and medicine are just a couple of examples, but cannabis is showing a strong presence in the retail, consulting, and consumer sectors. has focused on business development in multiple segments thanks to its diverse acquisition strategy
"A robust acquisition strategy has enabled SinglePoint to dig its heels into several other segments of the marijuana industry, without ever touching the plant. Among other acquisitions, SinglePoint''s portfolio includes its investment in packaging and distribution company Convectium (), which sells machines that fill vials with oil and which created a unique system for filling/packaging vape cartridges and disposable vape pens; and indoor garden supply company DIGS Hydro ().
"Most recently, SinglePoint announced the finalization of a Letter of Intent to acquire 51 percent of a company in Denver, Colorado (). This company is already approaching an annual revenue of $1 million."
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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CannabisNewsWire ("CNW") is a specialized information service that (1) aggregates cannabis news, (2) provides that quickly updates investors in the space, (3) enhances corporate press releases, (4) helps companies with distribution and optimization of social media, and (5) delivers comprehensive corporate communication solutions. CNW is uniquely positioned in the cannabis market with a strong team of journalists and writers who can help private and public companies reach a wide audience of investors, consumers, journalists and the general public through our ever-growing dissemination network of more than 5,000 key syndication outlets. CNW is bringing unparalleled visibility, recognition and content to the cannabis industry.
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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.
CannabisNewsWire (CNW)
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Datum: 04.10.2017 - 06:30 Uhr
Sprache: Deutsch
News-ID 1523124
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