$SING The acquisition announcements relate to a co

$SING The acquisition announcements relate to a company called Convectium, which has created a machine that allows for the rapid filling of electronic cigarette oil cartridges. The machine is already in use at various distribution facilities, and fill and package over 100 cartridges or disposable vape pens in 30 seconds. The demand for this sort of infrastructural technology is going to increase as the industry expands, and Singlepoint should close on the acquisition of Convectium, and by proxy, it’s tech, near term. The deal terms aren’t yet public (it’s actually more of a majority stake-take than it is an outright acquisition) but we know that Singlepoint plans to pay around $800,000 in cash and stock for a certain portion of Convectium. The $1 million LOI cash should go some way towards reducing the equity issue side of the equation, and as such, makes the deal more attractive for shareholders (by reducing dilution from the issue).

https://www.insiderfinancial.com/singlepoint-...xt/119811/

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