NEW YORK, March 8, 2017 /PRNewswire/ --
NetworkNewsWire Editorial Coverage: Any fast-growing business needs an operationalframework to help it develop and better serve its customers, and the marijuana industry is no different. As the legal cannabis market continues its impressive expansion, a growing number of companies are emerging to form a legal support framework of
SinglePoint (SING) is an ancillary service provider that does not directly touch the cannabis plant. Based in Nevada, SinglePoint has been involved with the legal marijuana market for a while, and, as the market showed signs of exponential growth, the company has taken a more active role. As a direct result of last year's election, which made marijuana legal in a greater number of states, SinglePoint reactivated its SingleSeed Payments subsidiary, with the goal of providing legal cannabis business operators with much-needed non-cash payment processing and mobile marketing tools.
SinglePoint (SING) is also interested in expanding its reach in the market, as confirmed by its recent Letter of Intent to acquire a stake in Convectium. The acquisition will give SING access to a unique, proprietary machine that has the potential to drive the industrialization of cannabis production nationwide. With an impressive capacity to fill more than 100 disposable cartridges or vape pens in as little as 30 seconds, the system can have a significant impact on the industry as a whole by making the cannabis production process easier, more efficient, and, ultimately, more profitable.
Operating one of the largest technology platforms for the legal cannabis industry, MassRoots (OTCQB: MSRT) has created a complex mobile network that allows medical cannabis users to make informed purchasing decisions based on product reviews, as well as connect with other users and the marijuana legalization movement. The network is available via free iOS and Android mobile apps, as well as the MassRoots website. With affiliations with leading market players such as the National Cannabis Industry Association and ArcView Group, MassRoots also operates a free portal that allows specialized dispensaries to access market analytics, gain insight into customer preferences, and more. The company is based in Denver, Colorado - one of the few states that allow both medical and recreational marijuana use.
While MassRoots is focused on the software side of the business, Nevada-based mCig (OTCQB: MCIG) is more involved with the actual cultivation process, via its Grow Contractors division. Originally a manufacturer and distributor of vaporizers, electronic cigarettes, and accessories, mCig has become a full-service cannabis cultivation construction company that provides state-of-the-art modular and commercial buildings to cannabis growers, allowing them to significantly expand operations and production. The company is also looking to expand its services and competencies to further support the ancillary legal hemp, cannabis and cannabidiol markets.
One of the most active players in the hemp market, Dallas, Texas-based Rocky Mountain High Brands (OTCQB: RMHB) is a great example of a company that's actively involved in the manufacturing and distribution of its products. As a fully-reporting consumer goods company, Rocky Mountain High Brands specializes in the development, manufacture, distribution and commercialization of hemp- and cannabidiol-infused food and beverages. Its product line includes hemp-infused edibles such as energy and protein bars, but mostly naturally flavored hemp-based beverages such as black tea, lemonade and energy drinks.
Innovative Industrial Properties (NYSE: IIPR)'s approach to the cannabis industry is to acquire specialized industrial real estate assets used for growing medical-use cannabis. IIPR's leases are long-term, triple-net arrangements in which tenants pay taxes, maintenance, insurance and structural repairs, in addition to base rent. In December 2016, IIPR closed on its first sale-leaseback transaction by acquiring from PharmaCann LLC a 127,000-square-foot medical-use cannabis cultivation and processing facility in New York. PharmaCann is now leasing the property from IIPR and, in a press release, said the arrangement frees up capital needed for expansion.
Despite legal concerns owing to the fact that marijuana is still considered an illegal substance by the U.S. federal government, even though it is allowed in 28 states, a strong technical interface is being built around the cannabis business. Ranging from software solutions and service providers that do not actually touch the cannabis plant, to actual machinery and manufacturing platforms such as Convectium's innovative oil filling machine for disposable vape pens and cartridges, this interface is expanding as fast as the actual market it serves and pushing cannabis production - and cannabis businesses - to new heights.
For more information on Singlepoint, Inc. (SING) please visit: Singlepoint, Inc. (SING)
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today's market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
DISCLAIMER: NetworkNewsWire (NNW) is a source of content listed above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer or comparison to the profiled issuer. FN Media Group, LLC (FNM), is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker-dealer/analyst/adviser, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release. NNW's compensation disclosure is incorporated herein and appears in full at http://NNW.fm/Disclaimer
NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW & FNM undertakes no obligation to update such statements.
Media Contact e-mail: FN Media Group, LLC - firstname.lastname@example.org +1(954)345-0611
Subscribe to our Free Newsletters!
A patient's struggle with Issacs' syndrome with no cure. Also known as neuromyotonia it is a rare ...
Inguinal hernia surgery is a procedure to repair a weak spot or defect in the lower wall of the ...
Hypopituitarism is a rare disorder resulting from decreased secretion of one or more of the ...View All