SinglePoint Raises Up To
$5,000,000 in New Funding to
Drive Acquisitions and Company Growth
Phoenix, AZ --
November 14, 2018 -- InvestorsHub NewsWire
-- SinglePoint Inc. (OTCQB:
SING), a fully reporting
technology growth
company providing mobile payments, ancillary cannabis services and
blockchain solutions is pleased to announce that
is has recently signed to receive up
to $5,000,000 dollars in new
funding from an existing
institutional shareholder demonstrating continued enthusiasm with
the business strategy and execution. SinglePoint has laid out a
roll up strategy and presented projects that are ready for growth
including its CBD subsidiary SingleSeed.com and recently released
applications SingleCoin and LastMile Delivery. This funding will go
directly towards initiatives to drive revenue and overall
shareholder value.
"We are very
excited to have raised this additional funding. It will really
enable us to go out and execute on our plans. Being fully reporting
and audited has helped us secure capital on favorable terms. With
access to this capital we plan to continue acquiring larger
companies to boost revenue and footprint in the cannabis and CBD
space. We will also be able to launch sales and marketing campaigns
for both SingleSeed, LastMile Delivery and SingleCoin. We will
continue to develop new solutions as management see's fit and look
at potential acquisitions knowing we have the capital and ability
to acquire the targets", states Greg Lambrecht CEO.
SinglePoint is
working to identify and acquire companies in the rapidly growing
CBD market including manufactures, distributors and others. This
week SinglePoint management heads to MJBIZCON the industry's
largest tradeshow to meet target company's and look for additional
opportunities. To meet with SinglePoint
management at the show Thursday November 15th please reach out
to investors@singlepoint.com.
The CBD
market is predicted to be worth over $2.0 Billion in consumer
sales by 2020 with approximately $450 Million derived from hemp
related products. SinglePoint has been working to establish its
footprint through SingleSeed.com. The website distributes
hemp derived CBD products from water to lozenges. SinglePoint plans to expand
its distribution capabilities and product suite and is in
negotiations to add a new set of additional high-quality
products.
Momentum has
continued to increase as voters in Michigan, Missouri and Utah have
voted to pass marijuana legislation. Five Ohio cities--Dayton,
Fremont, Norwood, Oregon and Windham--that had local marijuana
decriminalization measures on the ballot passed the initiatives.
And ballot questions gauging public sentiment regarding marijuana
reform were answered affirmatively, signaling that Wisconsin voters
are in favor of legalization. These midterm outcomes are
relevant to the goals of federal decriminalization and, ultimately,
legalization. And, there are other significant developments that
demonstrate real, big change is coming. Illinois, Minnesota,
Michigan, New Mexico, New York, and Wisconsin elected and
re-elected governors who championed cannabis legalization as part
of their campaigns. While Colorado, California, Maine, Nevada, and
Oregon elected and re-elected governors who are likely to support
the cannabis laws already in effect and defend their states against
federal interference.
About
SinglePoint, Inc.
SinglePoint, Inc
(SING) 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.
PRESS
RELEASES PROVIDED BY www.twitter.com/otcprwire
SinglePoint Corporate
Video
SinglePoint Investor Presentation
Connect on
social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
For more
information visit: www.SinglePoint.com
Forward-Looking Statements
Certain statements in this
news release may contain forward-looking information within the
meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6
under the Securities Exchange Act of 1934, and are subject to the
safe harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and
objectives of the Company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements.
Technical complications,
which may arise, could prevent the prompt implementation of any
strategically significant plan(s) outlined above. The Company
undertakes no duty to revise or update any forward-looking
statements to reflect events or circumstances after the date of
this release.
Corporate
Communication
SinglePoint Inc.
855-711-2009
investors@SinglePoint.com
SinglePoint.com