Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced that it has formalized a letter of intent signed earlier this month related to its entry into a multifaceted joint venture and co-marketing agreement with Smart Cannabis Corp. (OTC: SCNA). Per the terms of the agreement, SinglePoint will distribute SCNA’s SMARTAPP automation software product, as well as the upcoming ‘Track and Trace Software System’. As noted in the update, these platforms serve as natural add-on extensions to SinglePoint’s recently announced cybercurrency payment processing system. “We are extremely excited by the synergy we share with Smart Cannabis Corp.,” Wil Ralston, president of SinglePoint, stated in the news release. “We believe with our teams collaborating on projects we will quickly bring solutions to fruition. With the data Smart Cannabis Corp collects through their Track and Trace Software system, SinglePoint will be able to start building a blockchain platform giving further insight in the cultivation and sale of cannabis related products.”
In a separate news release, SinglePoint announced the successful completion of its calendar year 2016 corporate audit by PCAOB firm Turner Stone and Company. In addition to confirming SinglePoint’s recent growth, the audit serves as a significant step toward a potential up-listing to the OTCQB Venture Market in the future.
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SinglePoint, Inc. (SING) Formalizes LOI for JV Agreement with Smart Cannabis Corp. (SCNA); Completes Corporate Audit
