#Cannabis Stock News: SinglePoint (OTC: $SING) Targets Cannabis Dispensaries with SingleSeed -- CFN Media
SEATTLE, WA - May 9, 2017 (Investorideas.com Newswire) CFN Media Group ("CannabisFN"), the leading creative agency and media network dedicated to legal cannabis, announces publication of an article that takes a look at SinglePoint Inc.'s (OTC:SING) launch of its SingleSeed subsidiary as well as its near-term plans and upcoming catalysts.
There are tens of thousands of regulated cannabis dispensaries across 29 states that have legalized medical and/or recreational marijuana. While the industry is projected to reach $24.5 billion in annual revenue by 2025, these dispensaries have trouble sourcing products and services that they need given the fragmented nature of the business. The good news is that there are several companies that are stepping in to fill the void.
SingleSeed: A One-Stop Shop
SinglePoint recently launched SingleSeed.com as a one-stop shop for cannabis dispensaries to purchase everything needed to run their business. With regulated marijuana dispensaries in 17 states, there is a large potential end market for a nationwide supplier of ancillary products and services, particularly given the fragmented nature of the market. Management plans to market the new website at trade shows and through partnerships.
"The long-term vision is to build SingleSeed.com into a marketplace for dispensaries to buy the products they need to do business," says SinglePoint CEO Greg Lambrecht in a recent shareholder update. "SingleSeed will also provide consulting services to cannabis businesses who need help gaining traction and success in their strategies."
Currently, SingleSeed.com is focused on payment solutions and marketing services, but management plans to expand that focus into other areas. The company's recent investment in Convectium -- developer of a unique oil filling machine for cannabis companies -- is a prime example of its expansion strategy. Management plans to sell the innovative technology on SingleSeed along with Convectium's own 710Shark.com website.
Upcoming Plans & Catalysts
SinglePoint recently enhanced its corporate website, www.singlepoint.com, to provide investors with a clear plan of its recent endeavors and market value. The new website is designed to increase shareholder value by driving more engagement for potential acquisitions and sales for acquired companies, while enabling investors to easily sign up for updates and research.
"This is an exciting time for SinglePoint," said Lambrecht in a shareholder update. "We continue to increase value for our shareholders by focusing on acquisitions while strengthening inside sales and fundraising. 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."
In addition to investing in Convectium, the company is currently in negotiations for more acquisitions in the cannabis industry.
Please follow the link to read the full article: http://www.cannabisfn.com/singlepoint-targets-cannabis-dispensaries-singleseed/
For more information, visit the company's website or CannabisFN's company profile.
About CFN Media
CFN Media (CannabisFN) is the leading creative agency and media network dedicated to legal cannabis. We help marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.
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Disclaimer:
Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns CFN Media and CannabisFN.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://www.cannabisfn.com/legal-disclaimer/
Disclosure: SinglePoint, Inc. (OTC: $SING) is featured on the 420 Cannabis Investor Ideas of 2017 at www.420cannabisinvestorideas.com
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