- Diversified portfolio for sustainable growth offers multiple revenue options
- Entry into legalized cannabis market continues with acquisition of multiple cannabis companies
- Ancillary cannabis-related businesses poised to reap healthy portion of multi-billion-dollar industry
SinglePoint, Inc. (OTC: SING) has evolved from a full-service provider of mobile technology to a publicly traded holding company focused on diversifying into horizontal markets that offer multiple revenue streams for investors. Key to this approach is SinglePoint’s strategic expansion into the burgeoning legal marijuana industry, which includes the acquisition of several important cannabis-related brands.
Projected growth estimates for the legal marijuana industry continue to brighten the mood of investors, with ArcView Market Research noting the North American cannabis market alone is expected to reach $22 billion by 2021 (http://cnw.fm/MvC12). Globally, the market is estimated to reach over $55 billion by 2025. SinglePoint is positioning itself to take full advantage of a variety of business opportunities this booming market presents for those willing to seek revenue in supportive or horizontal ventures.
SinglePoint’s most recent announcement that it intends to acquire 51 percent of a Colorado-based company approaching $1 million in annual revenue drives home the success of its revenue-by-acquisition model (http://cnw.fm/Uv8K3).
In March 2017, SinglePoint’s investment in Convectium, a California-based provider of equipment, packaging and branding solutions for the cannabis industry, propelled the company’s business reach. Two months later, SinglePoint acquired Discount Indoor Garden Supply (DIGS), which supplies soil, supplies hydroponics and consulting services to legal cannabis growers in California. Each of these successful acquisitions is factored into SinglePoint’s strategic plan to create additional revenue streams while identifying undervalued companies to consider as potential targets.
Meanwhile, SinglePoint’s SingleSeed subsidiary (www.SingleSeed.com) continues to offer various services to marijuana enterprises, including payment processing and text messaging marketing solutions. SingleSeed Payments exists to educate and inform customers and shopkeepers of the changing key issues in the retail and medicinal cannabis market while helping to legitimize the industry. By staying flexible and responsive to these changes, SingleSeed provides its customers with a unique experience backed by an ethical and responsible approach to challenges facing the cannabis industry.
SinglePoint’s proactive approach to seeking out new business ventures has increased the company’s revenue 378-fold in Q2, as compared with the first quarter of 2017. This ability to specialize through the acquisition of small to mid-sized companies, with an emphasis on new technologies, provides investors with the opportunity to reap rewards across a wide range of assets.
For more information, visit the company’s website at www.SinglePoint.com
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