SinglePoint, Inc. (SING) to Acquire Stake in Convectium, Creator of Cannabis Industry’s First-of-its-Kind Oil Filling Machine

SinglePoint, Inc. (SING) to Acquire Stake in Convectium, Creator of Cannabis Industry’s First-of-its-Kind Oil Filling Machine
SinglePoint, Inc. (SING) to Acquire Stake in Convectium, Creator of Cannabis Industry’s First-of-its-Kind Oil Filling Machine
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SinglePoint (OTC: SING), a full-service mobile technology and marketing provider, this morning announced its LOI to acquire an interest in Convectium, the creator of a unique oil filling machine capable of filling cartridges or disposable vape pens for wholesale distribution to dispensaries. Convectium’s 710Shark and 710Seal system can fill and package up 100+ cartridges or disposable vape pens in 30 seconds. “To say we are excited about this opportunity is an understatement. Convectium’s 710Shark and 710Seal system is incredible, and its capabilities are unmatched. After looking at hundreds of cannabis companies, finding an acquisition opportunity like we have found in Convecitum adds a new dynamic to our endeavors and the cannabis industry as a whole,” says SinglePoint CEO Greg Lambrecht.  A definitive agreement on LOI is expected by May 24, 2017.

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Investing News, Marijuana Investing
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