SinglePoint, Inc. (OTC: SING), a holding company specializing in the acquisition of small to mid-size companies with an emphasis on new technologies, this morning offered an update on its current and future initiatives aimed at maximizing corporate value and increasing shareholder communication. “This is an exciting time for SinglePoint,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “We continue to increase value for our shareholders by focusing on acquisitions while strengthening inside sales and fund raising. We expect 2017 to be a great year for SinglePoint and look forward to providing additional updates on future acquisition targets, joint ventures, and new products.” The company recently enhanced its corporate website, www.SinglePoint.com, in order to provide a clear view of its endeavors and market value to prospective investors. Additionally, SinglePoint launched its cannabis brand subsidiary, www.SingleSeed.com, which is focused on the online sale of cannabis products to dispensaries. The company expects SingleSeed to “drive significant sales” in 2017 while expanding its presence in the booming cannabis space, a market which is expected to reach $24.5 billion by 2025. SinglePoint is also in ongoing negotiations regarding acquisitions in the cannabis industry. Notably, the company recently funded Convectium, the developer of a unique oil filling machine and a leader in the cannabis market space.
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