Several years of impressive growth are expected to continue in the cannabis sector in 2019, and companies are making the most of it through mergers and acquisitions.
- The cannabis industry has seen growth in acquisitions over the past two years.
- A large part of this comes from the emergence of the hemp/CBD market.
- Industry commentators expect these trends to continue.
SinglePoint Inc. (OTCQB: SING) (SING Profile) is tapping into this exciting potential through a strategy of well-financed acquisitions and investment in other cannabis companies. PotNetwork Holdings Inc. (OTC: POTN) has built up a series of subsidiaries and is now reaching out to mainstream markets with its products. KushCo Holdings Inc. (OTCQB: KSHB) has recently established new supply arrangements that will increase its already growing profits. Following the legalization of hemp farming, CV Sciences Inc. (OTCQB: CVSI) has become one of the United States’ first certified hemp producers. And The Green Organic Dutchman (OTCQX: TGODF) (TSX: TGOD) (TGOD Profile) is building improved cultivation facilities to meet the demand of cannabis’s growing customer base.
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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.
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