NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring SinglePoint, Inc. (OTC Pink: SING), a client of NNW focused on strengthening its position in the marijuana industry through the acquisition of, or investment in, small to mid-sized cannabis companies.
The publication, titled, “Rapidly Changing Cannabis Industry Offers Plenty of Growth in Horizontal Markets,” discusses companies that profit from subsidiary services that support the cannabis industry.
To view the full publication, visit: https://www.networknewswire.com/rapidly-changing-cannabis-industry-offers-plenty-growth-horizontal-markets/
“The choices are endless when it comes to providing support to an industry riddled with regulations imposed at the federal, state and local levels. Most of those regulations target companies that actually ‘touch’ the marijuana plant, leaving secondary business ventures with fewer legal and financial risks. As a result, firms that provide testing and lab services, banking and payment processing, insurance, accounting, legal work, technology and software, security, professional education and training, hydroponics, lighting and packaging – pretty much anything that involves cannabis without touching the actual plant itself – are comfortably earning solid profit margins in the space.
“SinglePoint’s SingleSeed subsidiary (http://www.SingleSeed.com) supplies various services to marijuana businesses and is focused on becoming a hub for dispensaries that are looking for payment processing solutions and other business tools. SingleSeed also provides payment processing and text message marketing solutions for marijuana businesses, and it has taken a proactive approach to solving an industry-wide payment problem that’s plaguing the expanding legal cannabis market: a way to process debit and credit card transactions independent of banks and the FDIC.”
About SinglePoint, Inc.
SinglePoint, Inc. (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: https://www.facebook.com/SinglePointMobile, www.twitter.com/_SinglePoint_, www.linkedin.com/company/SinglePoint and www.youtube.com/user/SinglePointMobile
For more information, visit www.SinglePoint.com or www.SingleSeed.com
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.
NetworkNewsWire (NNW) New York, New Yorkwww.NetworkNewsWire.com212.418.1217 OfficeEditor@NetworkNewsWire.com