...Going uP!
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SING moving up! Get out of its way!! Go SING !!!!
SinglePoint Completes Acquisition of Dr. FeelGood, a Profitable Cannabis Distribution Company
SEATTLE, WA -- (Marketwired) -- 09/06/17 -- 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.
Dr. FeelGood represents the third acquisition of the year for SinglePoint. This move provides SinglePoint with additional revenue, as well as team members that have been actively working in the cannabis industry for many years. The founders of Dr. FeelGood have established a plan to develop a proprietary mobile application that will enhance the user experience and streamline the company's operations. The companies look to release this app in the next 90 days; once completed they will be able to license this technology to other distribution companies all over the United States.
As SinglePoint continues to grow its portfolio in the cannabis industry, the broader marijuana market continues to grow as well. A report by the Cannabist (2016) shows that the cannabis industry will report a steady growth pattern in the coming decade. Based on the research, the market will be worth over $20 billion by 2025, more than double its current estimate. Based on data from the New Frontier (2014), the legal cannabis market enjoys a compound annual growth of 29%.
SinglePoint CEO Greg Lambrecht states, "We are very excited for the success of this acquisition. The acquisition of Dr. FeelGood is the third acquisition of the year. SinglePoint's revenue has dramatically increased, which through the acquisition of DIGS Hydro and Convectium has increased 378x compared to the first quarter of 2017. SinglePoint is in a better position than it has ever been before. We are well capitalized to continue acquisitions and we are optimistic to complete additional acquisitions and very optimistic to significantly increase the company revenue."
Dr. FeelGood has a wide variety of products that are distributed both B2B and B2C. Owners Scott Riley and Jeff Clevenger have over 30 years of experience in building and scaling businesses, including the last six years running a cannabis distribution business. The two will continue to run day-to-day operations of Dr. FeelGood with plans to expand the business and license the brand in additional states. The acquisition offer comes at a time when the industry is rapidly expanding. In fact, reports suggest that the marijuana market in the United States is growing faster than the smartphone and the tablet industry (PR News, 2017). As the market continues to expand weekly, Dr. FeelGood has a positive looking future. According to Forbes (2016), polls show that more Americans are in support for the legalizing of marijuana as it becomes continually popular for both recreation and medical reasons.
"This is a big moment for Dr. FeelGood. We know we can grow this business and with the capital and support of SinglePoint this growth will happen quicker. The introductions they have put together already are immensely positive for us and once solidified will exponentially increase our footprint in the market," states Scott Riley of Dr. FeeGood
Simultaneously, SinglePoint and Dr. FeelGood are collaborating on a delivery platform. SinglePoint will utilize its location-based delivery application and add additional features such as a directory and ordering system to directly compete with Leafly and WeedMaps. Dr. FeelGood already had plans to build the app and with SinglePoint's head start, the company will be able to utilize the app much sooner and supply to parties that have already expressed interest.
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.
Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint_
https://www.linkedin.com/company-beta/165982/
For more information visit: www.SinglePoint.com
Forward-Looking Statements
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.
Contact:
SinglePoint, Inc.
Greg Lambrecht
602.481.1544
Source: SinglePoint, Inc.
Released September 6, 2017
The markets were Red today.. Septembers have a history of being like this... BUT soon! VERY SOON!imo we shall rise above this and INMG will go green! Looking forward to news when it comes..
True. Well said. Know what you own. INMG $$$$$
Nice! Thanks for the info Sean! Go INMG
I agree! INMG $$$$$$$
I've heard .00s and instead when to .1199
Everyone is entitled to their own opinion
Time will tell.. go sing!!
Anyone that did DD on this company would know how major MJAC is and how INMG is connected to this INVESTOR event and much more.. Thanks Camelot, we know what we own! Good luck to us longs
Something BiG must be coming with INMG!! If we haven't received a PR before, during, or even the first thing this morning after an INVESTOR event.. also knowing Tom does NOT usually put out fluff prs... I think something big is coming!! Here's why: if there was nothing happening with this event then a legit but fluff pr would of come out to maintain the stock price BUT knowing how our CEO works, something big must be cooking. BIG DEALS take time to be done right! This guy has creditability and a reputation the industry to uphold. He is a legit business man. And I believe something is in the works that is going to make all that are holding shares, VERY VERY VERY HAPPY... ALL is IMHO... standby and watch INMG go BooM!
The MJ industry is growing everyday imo
Stocks like SING have a big chance of making a lot of money.. This week we see what happens with bitc*.. gltu
We find out this week! Go SING!!!
Thank you lasombra! Good to know about INMG!!
No, I wish I was.. Hopefully some that did go can post some pictures here. INMG
Im looking forward to hearing the opportunities INMG may have received this weekend. To be at an event like this with high rollers, is exciting to know what may come about.. Go INMG!!!
That's great to hear!! Can't wait until Tuesday!! Go INMG!!
MJAC.COM under Highlights of the conference...
Any of those 2500 investors has access to high growth investment opportunities!!
Imo INMG is one of those opportunities $=$$$$$$
50 booths and 2 both belong to inmg.. and 2500 investors!! lol
I really don't think people realize how big this could be..
Could someone take a sceen shot of Innovativ Media Group or CannaNet.tv when it shows up on live stream or if they are there, snap a pic and Post it up here .. would appreciate it. Inmg
Sorry bud, but I can't see your monitor lol...
Are you watching mjac ? Did mjac start already? I'm not live streaming, so don't know.. but mjac2017.com has a timer at the main screen.. 1hr 34m left...
2500+ INVESTORS conference ..
"with high networth investors."
Yes decisions do need to be made..
INMG $$$$$$$
MJAC starts in less than 2 hours. The market closes in less than 1 hour... And No news INMG?!!!! Something BiG could be brewing imo Maybe something HUGE enough to introduce it to MJAC first!! If that's the case, Tuesday Morning could be MAJOR!!! INMG $$$$$$$
It's a great day for INMG! Wish them great success at MJAC!!
WoW!! The buying opportunity that has presented itself here at INMG is amazing!! Great for you for getting to buy at these levels. TOMORROW NEWS?? TOMORROW MJAC!!!!
I did notice, within minutes of BITCF sec news, SING turned sideways.. I'm not worried here because sing has more to offer other than Bitcoin.. ALSO IMo, when BITCF gets back to trading, many buyers at these levels will,for sure, be extra happy IMHO.. Next week we find out about that section of SING..
Know what you own people! I'm very curious to see what tomorrow brings ( 1st day of MJAC) $$$ BUT I AM MORE CURIOUS TO SEE NEXT WEEK! INMG will unfold and reveal hopefully great moves this weekend! Can't wait til Tuesday!! $$$$$$$ I'm locked and loaded here and holding strong!!
Btw, flippers do get desperate because they expect to flip quickly and it the price isn't going up fast enough, then they may get desperate and just sell... INMG is an investment imo.. but not all traders are the same...
"Crying" that they flipped INMG, where did you get desperate?? That makes zero sense...
L2 is looking VeRY thin going up. LET'S GOO INMG!! $$$$$$
BITCF 11:59am 09/07/17 suspension is up!! When/if sec find nothing wrong with BITCF ... SING and BITCF could SKYROCKET imo..
INMG has come along way. This pull back is good for future gains imo.. it's forming stronger bases at these levels to sustain a stronger grow.. I'm good here at INMG .. Great Prices to come imo
GO INMG!!!
MJAC is Tomorrow!!! INMG will do well.!.
Well put. Good luck with that mil! I like that.. GO INMG $$$$$$$
LoW Float and Patent pending!!! 2 keys points here at VCPS!
REALLY think about this: Advertising for MJAC is not on ihub only. It's actually advertised through Google as well which is GLOBAL! On all WORLDWIDE stock websites that show Google ads too.. When ALLL the investors see INMG plastered all over MJAC come September 1st.. They will have the whole weekend to do DD on INMG and realize how undervalued this stock is.. imo TUESDAY (Monday is labor day) will be EXPLOSIVE!!! We have the rest of this week to get in at these levels.. TUESDAY (today) WEDNESDAY, THURSDAY, and FRIDAY!! That's it... GOOD LUCK TO ALL LONGS
What I've noticed this morning on the L2 was a lack of bid support and MM's took advantage of INMG.. imo.. I understand what SR and a few other keep stressing.. hit the ask to move this up.. I also believe we need really strong bid support moving forward as well.. Together the combination would be explosive! Which should force INMG GoinG uP! Imo. INMG long for a reason. $$$$$$$
Someone needed 60 bucks lol. Smh
This is an excellent BUY @ the ASK opportunity for many wanting to get in to INMG.. IMo. I've been here here since 2015 and seen many posts that have said I should bought on that past dip.. just saying.. I'm locked and loaded.. and not selling a share.. INMG is a GeM!
Mariosmack yourself thinks INMG board members have a crystal ball. Stocks go up and stocks go down then they go up and so on.. what's the agenda? Innovativ Media is apart of MJAC.. go to the website and see what everyone here sees.. it's not difficult..
Nice! This is legit information for what's coming DAYS away!!!!
INMG is heading NORTH! 3 MORE DAYS UNTIL MJAC FOLKS!! Just 3!!!!
Innovative Media Group, Inc. (OTC Pink: INMG) on its latest run showed investors a 166% gain, making it a total of 1,300% over the past two months. Way to go! Bollinger Bands are wide indicating a down turn, which could happen prior to yet another run.