SinglePoint Recaps Recently Achieved Milestones in Cannabis, Blockchain and Corporate Audit
SinglePoint Inc. (OTCQB:SING) recaps recently achieved milestones in preparation for the launch of multiple projects. SinglePoint has been full steam ahead in a combination of Cannabis and Blockchain industries. Additionally, the company is expecting to release audited financials soon, which will complete the two-year audit and the company will immediately file a form-10.
SinglePoint recently released a video with original SharkTank member Kevin Harrington discussing SinglePoint’s opportunities in blockchain and the overall sentiment of the new technology.
Shortly following this the company successfully acquired ShieldSaver. Utilizing proprietary License Plate Recognition (LPR) technology, ShieldSaver collects large quantities of important automotive and consumer data. SinglePoint plans to utilize this data for a blockchain data play that will provide verified data to all parties involved in the transaction of a vehicle. ShieldSaver is in a prime position to be an industry leading company with access to verifying vehicle data in a way that has not been done previously.
In addition to the blockchain opportunity with ShieldSaver, SinglePoint has signed an LOI with ORHub to architect a blockchain solution for their already developed and in operation Surgical Resource Management platform. The two companies are still in negotiations of deliverables and timelines for the project.
Continuing the company’s move in the cannabis industry SinglePoint successfully launched three new programs. SingleSeed.com, LastMile Delivery and a Cannabis Waste Diversion initiative.
SingleSeed.com launched just a week ago. The site is already seeing traction and shipping orders. To date, SingleSeed has not launched any major marketing for the site as it works out its flow and processes, which is very exciting as traffic and sales have been organic.
LastMile Delivery just two days ago announced it has been approved to beta test in both Google and Apple app stores. LastMile is setting its goals to be the first state compliant delivery management program. The application should help improve efficiencies in the cannabis delivery businesses.
As for the zero waste Cannabis Diversion program the company has received many inquiries from interested reporters, businesses and more around the research that has taken place. SinglePoint plans to launch the full report next week followed on by a second report outlaying the actions SinglePoint will take to implement waste diversion programs in the cannabis industry.
Driving excitement in the cannabis space and the company’s strong position in pushing forward to supply innovative solutions is the announcement of former Republican House Speaker John Boehner joining the board of a U.S. based cannabis company. Recently, Mr. Boehner publicized on twitter, “My thinking on cannabis has evolved.” He went on to say, “I’m convinced de-scheduling the drug is needed so we can do research, help our veterans, and reverse the opioid epidemic ravaging our communities.” SinglePoint management believes that the thinking at a federal level is starting to change on the current cannabis policy which is strengthened by Boehner’s and Felds’ (former Massachusetts governor) statement of, “The time has come for serious consideration of a shift in federal marijuana policy.” According to a Pew Research Center Survey about 61% of Americans believe cannabis should be legalized.
SinglePoint has been working many projects in parallel. Management believes these projects are just a few steps away from launching. “We are very excited where we are right now. With the launch of these projects SinglePoint has a lot of momentum, and will have multiple viable services hitting the market,” states Wil Ralston, President of SinglePoint.
About SinglePoint, Inc.
SinglePoint, Inc (SING) 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 its subsidiary company SingleSeed, the company is providing products and services to the cannabis industry.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.