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SinglePoint Inc. (OTCMKTS:SING) Provides Updates On Promising Investment In Jacksam

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SinglePoint Inc. (OTCMKTS:SING) has released an update to shareholders on the progress of Jacksam Corp (OTCMKTS: JKSM). SinglePoint is a major investor in Jacksam having secured significant interest in the company before it went public.

SinglePoint invested in Jacksam before it went public

Since it went public, Jacksam has witnessed its value increase significantly and both parties are forecasting huge potential going forward. Singlepoint President Wil Ralston stated that Jacksam is a remarkable investment for the company, adding that it exhibits what SinglePoint looks for when they want to acquire or invest in a company.

Jacksam was successful in its previous vision sand has since enhanced the potential for more scalability through the opening up of the platform. As a result, following the investment, the CEO indicates that SinglePoint is now able to partner with some of the biggest players in the industry, such as CCELL.

Ralston indicated that they were delighted to be part of such a fast-growing company, and they are remaining optimistic that the company will keep the growth momentum. He said that SinglePoint recently received vape pens from the company that already has shown massive interest. SinglePoint will continue growing its private-label footprint and will gladly use Convectium products.

Updates since Jacksam went public

Last month the company released newly engineered automation machines for filing and capping CCell Compression cartridges. The CEO Mark Adams said that companies using CCell cartridges could not previously get access to automation equipment but now they can. He said that their state-of-the-art equipment offers close to 287% efficiency and saves labor up to 80%.

Also, the company announced a partnership and reciprocal supply agreement with The Blinc Group. The Blinc Group CEO Dumas De Rauly stated that the partnership would help in the introduction of Blinc’s complaint, high precision and science-based vaping hardware to the market. Jacksam also entered a partnership and distribution agreement with MainStem to feature Convectium cartridges, shark 710 filling machines and captain capping machines on the B2B purchasing Platform of MainStem. The MainStem platform has over 10,000 products as well as quality e-procurement functionality.

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