SinglePoint (OTC: SING) this morning said it has entered a joint venture relationship with Smart Cannabis Corp. (OTC: SCNA) to license and market Smart Cannabis’ SMART app. The industry-specific application permits cannabis cultivators to oversee the entirety of their operations through their mobile device. The two companies will also utilize the partnership to integrate SinglePoint’s bitcoin payment solution and to finalize a track and trace solution. “The transaction from a cultivator to a processor or dispensary can be huge, over $150,000 per transaction, and it is simply not safe or efficient to carry that kind of cash to a transaction. We believe we can help secure and track this transaction with our solution,” states SinglePoint president Wil Ralston stated in the news release.
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