Technology and investment company SinglePoint (OTCQB: SING)
today announced that it has signed a letter of intent (“LOI”) to raise up to
$12,000,000. The capital, which comes on advantageous terms to SING, is only
available at the company’s discretion. SING is currently negotiating final
terms and will file a registration statement with the SEC upon execution of the
agreement. “The goal for SinglePoint is to raise capital at the best
terms we can in order to capitalize on the host of opportunities we have in the
hemp derived CBD space. We are already filling multiple orders and will be able
to expand our sales and marketing as well as receive the best pricing from our
suppliers with larger purchase orders,” SinglePoint CEO Greg Lambrecht stated
in the news release.
To view the full press release, visit http://ibn.fm/TZKmB
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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