NEW YORK, NY — (Marketwired) — 03/23/17 — (“NNW”), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring SinglePoint, Inc. (OTC: SING), an NNW client focused on diversifying its acquisition portfolio of small to mid-sized companies.
The publication, entitled, “Mixed Marijuana Messages from Trump Administration Make Diversification Imperative,” looks at some of the marijuana-related messages coming out of the White House, and provides insight into the varying operations of several companies operating in the booming industry.
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“Particular defensive tactics vary, but most fall under a broad strategy of diversification and operations that involve servicing the broader industry by means of providing accessories, technological solutions, financial services and real estate, among others.
“Case-in-point is , a company that specializes in the acquisition of small- to mid-sized companies. Through its wholly owned SingleSeed.com subsidiary, which several years ago geared up to offer payment-processing services to marijuana dispensaries, SinglePoint continues to explore ways to provide financial services to marijuana establishments.
“The provision of payment services is part of SinglePoint–s –no-touch– strategy, an approach best demonstrated by its acquisition of a portion of Jacksam Corp., dba Convectium, a profitable California-based provider of equipment, branding, and packaging solutions for the cannabis industry.”
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 the company is providing products and services to the cannabis industry.
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