SinglePoint (OTC: $SING)
Completes Acquisition of Dr. FeelGood, a Profitable Cannabis Distribution
Company
SEATTLE,
WA - September 6, 2017 (Investorideas.com Newswire) SinglePoint, Inc. (OTC:SING) announces the acquisition of Dr.
FeelGood, a profitable cannabis distribution company headquartered in Phoenix,
Arizona. Dr. FeelGood is a leading distribution company with expansion plans to
add proprietary delivery and ordering technology application. Per the agreement
terms, SinglePoint will acquire fifty-one percent (51%) of the company in a
combination of cash and stock, which will allow SinglePoint to recognize all
revenue. The acquisition will add an additional revenue stream to SinglePoint,
solidifying the company's revenue-by-acquisition strategy.
About the Company
SinglePoint,
Inc. (SING) has grown from a full-service mobile technology provider to a
publicly traded holding company. Through diversification into horizontal
markets, SinglePoint is building its portfolio by acquiring an interest in
undervalued subsidiaries, thereby providing a rich, diversified holding base.
Through its subsidiary company SingleSeed the company is providing
products and services to the cannabis industry.
Disclosure: SinglePoint, Inc. (OTC:
$SING) is featured on the 420 Cannabis Investor Ideas of 2017 at www.420cannabisinvestorideas.com
SinglePoint, Inc. (OTC: SING) is a
featured company on Investorideas.com
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