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Investor Ideas talks to CEO SinglePoint, Inc. (OTC: $SING) about The Future of the #Cannabis Sector and How their Acquisition Strategy is Key to Growth

 

Point Roberts, WA - June 1, 2017 (Investorideas.com Newswire) Investorideas.com, a global news source covering leading sectors including cannabis and hemp releases an exclusive podcast interview with Greg Lambrecht, CEO of SinglePoint, Inc. (OTC: SING).

Hear the full podcast here: http://www.investorideas.com/Audio/Podcasts/053017-GregLambrecht-SinglePoint.mp3

Recent acquisitions have given SinglePoint, Inc. a strong footing to take advantage of California's recreational marijuana legalization next year.

SinglePoint CEO Greg Lambrecht said the company's acquisition of Convectium, which supplies hardware solutions to the cannabis industry, will have a major impact on the market.

"We've made two acquisitions in the last three months. One of them is called Convectium and they have a machine that has solved the problem of people filling the vials with the oil by hand," he said.

Lambrecht is referring to the 710Shark, which is an oil cartridge filling machine that can fill 100 cartridges in less than a minute. (https://www.youtube.com/watch?v=XLSvSVci6gI)

Lambrecht also talked about SinglePoint's most recent acquisition of Discount Indoor Garden Supply ("DIGS").

"The other company we acquired is called DIGS. They have an online presence, they have two retail stores and also a consulting service--all in the cannabis vertical," he said.

DIGS sells growing equipment, supplies and accessories to both commercial and individual growers. This acquisition is important because once the new law takes effect in California, people aged 21 and over will be able to grow up to six plants in their own homes.

Lambrecht is particularly enthusiastic about California, which being the world's sixth largest economy, holds a lot of market opportunities for an emerging industry like cannabis.

"It's a 'green' rush," he said. "We're really moving forward with acquisitions and we're really excited about California in particular because, as we know, it's opening up in January of 2018. It's such a large state, it's like a small country and the business there is going to be pretty amazing."

To hear more Investorideas.com podcasts visit: http://www.investorideas.com/Audio/.

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About SinglePoint, Inc.

SinglePoint, Inc. (OTC:SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry.

Connect on social media at: www.facebook.com/SinglePointMobile, www.twitter.com/_SinglePoint_, www.linkedin.com/company/SinglePoint and www.youtube.com/user/SinglePointMobile

For more information visit SinglePoint.com or www.SingleSeed.com

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Disclosure: SinglePoint, Inc. (OTC: $SING) is featured on the 420 Cannabis Investor Ideas of 2017 at www.420cannabisinvestorideas.com

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