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.
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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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