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SinglePoint, Inc. (OTCMKTS:SING) And Smart Cannabis Corp (OTCMKTS:SCNA) Reports Joint Venture

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Singlepoint Inc

SinglePoint, Inc. (OTCMKTS:SING) And Smart Cannabis Corp (OTCMKTS:SCNA) have finalized a letter of intent for a multi-faceted deal and co-marketing association for the cannabis market introducing cyber currency payment solutions along with SMARTAPP automation software offering, and soon-to-be-launched “Track and Trace Software System,” which marks as an obvious add-on extension to company’s existing payment processing system.

The details

The SMARTAPP is presently installed and functional in company’s testing facility as it sees final nods from the iTunes store. It is set to roll-out to 15 of company’s recent installs in next month. Regulating the cultivation environment is a know-how that is projected to generate more than $21 billion yearly in the United States as data is vital in helping cultivators increase revenues and reduce costs per Agrilyst.

SinglePoint and Smart Cannabis reported that they plan to work together to increase cyber currency deals so that customers can purchase Smart Cannabis automated greenhouses and reimburse subscription fees for the firm’s SMARTAPP which utilizes IoT to compute scientific factors impacting optimal growth of cannabis. Both firms are working closely to effectively implement Blockchain know-how into their Track & Trace Software System. This deal reaches a remarkable cannabis market that recorded sales of $6.7 billion in 2016 and is estimated to be in surplus of $50 billion by 2020.

John Taylor, the President of Smart Cannabis, expressed that SinglePoint marks as an ideal associate for them to expand their operations beyond California for their line of unique automation and their software solution for growers. In this deal with SinglePoint, they will possess the ability to market their products on an extensive scale. In addition, they consider believe the growth in cyber currency application in the cannabis market will continue to grow, and being member of their exchange will assist them advance the foundation of their business exponentially.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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