Technology and investment company SinglePoint (OTCQB: SING)
today announced that the company recently signed to receive up to $5 million in
new funding from an existing institutional shareholder. According to the
update, the funding will be utilized in initiatives to drive revenue and
overall shareholder value. “We are very excited to have raised this additional
funding. It will really enable us to go out and execute on our plans. Being
fully reporting and audited has helped us secure capital on favorable terms.
With access to this capital we plan to continue acquiring larger companies to
boost revenue and footprint in the cannabis and CBD space. We will also be able
to launch sales and marketing campaigns for both SingleSeed, LastMile Delivery
and SingleCoin. We will continue to develop new solutions as management sees
fit and look at potential acquisitions knowing we have the capital and ability
to acquire the targets,” SinglePoint CEO Greg Lambrecht stated in the news
release.
To view the full press release, visit http://ibn.fm/jRHT7
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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