• Loading stock data...
PublicWire | Emerging Market Stock News
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
No Result
View All Result
PublicWire
No Result
View All Result

Home » Cannabis » SinglePoint Executes on Cannabis Acquisition Strategy — CFN Media

SinglePoint Executes on Cannabis Acquisition Strategy — CFN Media

Drew Hendricks by Drew Hendricks
April 26, 2019
in Cannabis
2 min read
29
0
Publicwire Weekly Stock Investor Newsletter – March 16,2017 Issue

SEATTLE, WA–(Marketwired – Mar 16, 2017) –  CFN Media Group, the leading creative agency and digital media network dedicated to legal cannabis, announces the publication of an article discussing SinglePoint’s (OTC PINK: SING) strategy to build a portfolio of cannabis-focused businesses by acquiring and incubating accretive small- to mid-sized companies that are involved in ancillary (e.g. non-drug-touching) areas of the market.

SinglePoint announced its first major investment in Jacksam Corp. dba Convectium — the profitable creator of the 710Shark and 710Seal system for filling and packaging vape cartridges or disposable vape pens. The 710Shark is the only machine on the market which fills cartridges or disposables en masse (more than 100 in 30 seconds) for wholesale distribution. This one-of-a-kind cartridge/vaporizer filling machine can fill both disposables and/or reusable cartridges made of plastic, glass, ceramic, or stainless steel with no exchange of parts or equipment necessary. The complementary 710Seal machine completes the pioneering end-to-end system by sealing the products in childproof blister packs.

The U.S. cannabis industry is expected to be worth $50 billion by 2026, according to Cowen & Co., driven by ongoing legalization across the country. The analysts see the tobacco industry grabbing a fifth of the market by 2036, adding more than 20% to their revenue and nearly doubling their underlying growth, thanks to their well-honed ability to navigate regulatory issues and significant existing resources to enter the market and scale up.

Cannabis investors may want to focus their efforts on ancillary products and services that are well-positioned to grow without competition from Big Tobacco. In addition, these companies benefit from reduced regulatory risks in the current market — especially following negative comments from White House Press Secretary Sean Spicer and Attorney General Jeff Sessions suggesting that recreational marijuana could see a federal crackdown.

Disclaimer:

Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns CFN Media and CannabisFN.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://www.cannabisfn.com/legal-disclaimer/.

Tags: AcquisitioncannabisSINGSinglePoint
Drew Hendricks

Drew Hendricks

Drew Hendricks is a business technology and social marketing specialist. Drew has also written for many major publishers such as Forbes, Entrepreneur Magazine and The Huffington Post. Drew has also worked with a variety of different startups around the globe as well as larger advertising agencies in the United States and the UK.

Related Posts

Zenabis returned $1.9 million worth of pot  to Sundial over bad quality and visible molds
Cannabis

Zenabis returned $1.9 million worth of pot to Sundial over bad quality and visible molds

August 22, 2019
267
Tilray to start exporting medicinal pot to Germany
Cannabis

Tilray to start exporting medicinal pot to Germany

August 21, 2019
134
CannTrust stocks fell another 5% after weed distributor returned millions worth of pot
Cannabis

CannTrust stocks fell another 5% after weed distributor returned millions worth of pot

August 20, 2019
147
Cannabis stocks fell as possible recession brews
Cannabis

Cannabis stocks fell as possible recession brews

August 14, 2019
156
Hexo’s Stocks Continue To Suffer A Cannabis Stocks Dive
Cannabis

Aurora Cannabis hovers trade flat amid strong market

August 13, 2019
159
Health inspectors flagged CannTrust’s non-compliance again, sending stocks down by 26%
Cannabis

Health inspectors flagged CannTrust’s non-compliance again, sending stocks down by 26%

August 12, 2019
128
Currently Playing

Subscribe To Our Newsletter

Ad

PublicWire | Emerging Market Stock News 24/7 | Investor Relations US Stock Market

© Copyright 2020 PublicWire.com

Navigate Site

  • About
  • #96576 (no title)
  • Disclaimer
  • Watch LIVE
  • Privacy Policy
  • Terms and Services
  • Contributors

Follow Us

No Result
View All Result
  • LIVE Investor News Channel
  • Cannabis
  • Energy
  • Finance
  • General
  • Medical
  • Podcasts
  • Retail
  • Technology
  • #370 (no title)

© Copyright 2020 PublicWire.com

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Public Wire Logo

Hello please subscribe to our newsletter to get up to date news weekly!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.