- Diversified portfolio for sustainable growth offers multiple revenue options
- Entry into legalized cannabis market continues with acquisition of multiple cannabis companies
- Ancillary cannabis-related businesses poised to reap healthy portion of multi-billion-dollar industry
SinglePoint, Inc. (OTC: SING) has evolved from a full-service provider of mobile technology to a publicly traded holding company focused on diversifying into horizontal markets that offer multiple revenue streams for investors. Key to this approach is SinglePoint’s strategic expansion into the burgeoning legal marijuana industry, which includes the acquisition of several important cannabis-related brands.
Projected growth estimates for the legal marijuana industry continue to brighten the mood of investors, with ArcView Market Research noting the North American cannabis market alone is expected to reach $22 billion by 2021 (http://cnw.fm/MvC12). Globally, the market is estimated to reach over $55 billion by 2025. SinglePoint is positioning itself to take full advantage of a variety of business opportunities this booming market presents for those willing to seek revenue in supportive or horizontal ventures.
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