CannabisNewsBreaks – SinglePoint, Inc. (SING) Enters LOI to Acquire Phoenician Engineering
Specialized holding company SinglePoint, Inc. (OTCQB: SING) this morning announced its entry into a letter of intent to wholly acquire Phoenix-based Phoenician Engineering, a provider of both consumer and commercial grade equipment. Phoenician’s main products include medical grade grinders for consumers, which are currently available in dispensaries throughout America. Per the update, Phoenician currently has nine issued patents, three trademarks and additional patents pending, offering an opportunity for SinglePoint to expand its IP portfolio and add to its growing asset class. “We are ready to close this deal,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “We have…