NEW YORK, March 14, 2019 (GLOBE NEWSWIRE) — via CannabisNewsWire – CannabisNewsWire (“CNW”), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring SinglePoint Inc. (OTCQB: SING), a client of CNW with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration.
To view the full publication, titled “Smart Investment Leads to Big Opportunities in Growing Cannabis Market,” visit: http://nnw.fm/ib8GIThings have been looking rosy for cannabis for some time, and last year saw significant growth in the sector continue. SinglePoint Inc. (OTCQB: SING), a young tech company that has moved into the cannabis sector, saw its revenue hit the $1 million mark. In addition, like many cannabis companies, the company ended the year expecting even better things to come, with a prediction that revenue will dramatically increase over the next 12 months.How can companies in a relatively untried sector make such bold claims?The answer lies in the changing attitude of lawmakers to cannabis. The prohibitory model for managing the drug that has dominated for half a century is increasingly recognized as not just ineffective but harmful to public health. Consequently, governments are legalizing cannabis for medical use. And in the most forward-looking cases, they are creating regulated markets for recreational cannabis, most significantly in Canada, which made the trade legal nationally last October.About SinglePoint, Inc.SinglePoint, Inc. is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry. For more information, visit the company’s website at www.SinglePoint.com.About CannabisNewsWire (CNW)
CannabisNewsWire (“CNW”) is a specialized information service that (1) aggregates cannabis news, (2) provides CannabisNewsBreaks that quickly updates investors in the space, (3) enhances corporate press releases, (4) helps companies with distribution and optimization of social media, and (5) delivers comprehensive corporate communication solutions. CNW is uniquely positioned in the cannabis market with a strong team of journalists and writers who can help private and public companies reach a wide audience of investors, consumers, journalists and the general public through our ever-growing dissemination network of more than 5,000 key syndication outlets. CNW is bringing unparalleled visibility, recognition and content to the cannabis industry.CannabisNewsWire (CNW)
Original story can be found at: http://www.globenewswire.com/news-release/2019/03/14/1753182/0/en/CannabisNewsWire-Announces-Publication-on-Companies-Seizing-Opportunities-to-Make-Strategic-Investments-in-Promising-Cannabis-Sector.html?f=22&fvtc=5&fvtv=41223728