NetworkNewsBreaks – SinglePoint, Inc. (SING) Ent
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Posted On: 02/27/2018 4:52:52 PM
NetworkNewsBreaks – SinglePoint, Inc. (SING) Enters LOI to Acquire Stake in MTH Development Group
Specialized holding company SinglePoint, Inc. (OTCQB: SING) this morning announced its entry into a Letter of Intent to acquire a $1 million stake in California cannabis cultivation firm MTH Development Group, further establishing its footprint in the Californian cannabis market. Per the update, this acquisition will be the first of its kind for SinglePoint, because MTH operates 4.7 acres of land zoned for cannabis cultivation. SinglePoint is currently in negotiations to complete similar investments in other states. “We are excited for this opportunity. Having been to the operation and seeing their proprietary cultivation procedures we feel this is a great investment for SinglePoint,” Wil Ralston, president of SinglePoint, stated in the news release. “Part of this investment is to also test our new technologies with their tenants to improve as well as validate our systems. Their feedback will help us build the right solution and navigate the California market regulations.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Specialized holding company SinglePoint, Inc. (OTCQB: SING) this morning announced its entry into a Letter of Intent to acquire a $1 million stake in California cannabis cultivation firm MTH Development Group, further establishing its footprint in the Californian cannabis market. Per the update, this acquisition will be the first of its kind for SinglePoint, because MTH operates 4.7 acres of land zoned for cannabis cultivation. SinglePoint is currently in negotiations to complete similar investments in other states. “We are excited for this opportunity. Having been to the operation and seeing their proprietary cultivation procedures we feel this is a great investment for SinglePoint,” Wil Ralston, president of SinglePoint, stated in the news release. “Part of this investment is to also test our new technologies with their tenants to improve as well as validate our systems. Their feedback will help us build the right solution and navigate the California market regulations.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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