SinglePoint (OTC: $SING) Acquires 90% of
DIGS an Online, Retail and Cannabis Consulting Company
SEATTLE, WA - May 24, 2017
(Investorideas.com Newswire) SinglePoint, Inc. (OTC:SING), a holding company specialized in the acquisition
of small to mid-sized companies with an emphasis on new technologies, today
announces that it has completed the acquisition of Discount Indoor Garden
Supply ("DIGS"). Per the agreement, SinglePoint has acquired 90
percent of DIGS in a stock and cash transaction that demonstrates SinglePoint's
ability to strategically grow its portfolio of investments in established,
high-potential cannabis businesses, and provides a new source of revenues to
help facilitate future acquisitions.
The acquisition of DIGS immediately
positions SinglePoint as a leader in online products,
retail stores, cannabis consulting, and equipment in California, home to
thousands of cannabis-related businesses and potential customers. As a result,
SinglePoint expects to show a significant increase in revenues in the
second-quarter financial filings.
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