SinglePoint, Inc. (SING) Acquires Dr. FeelGood; Plans in View for Multistate Brand Expansion

 

  • SinglePoint has completed its third acquisition of 2017
  • Company’s revenue has grown 378-fold since first quarter 2017
  • Delivery application in development will directly compete with Leafly and WeedMaps
  • Company well-positioned to continue acquisition strategy and further increase revenue

Marking its third acquisition of 2017, SinglePoint, Inc. (OTC: SING) announced on September 6 that it has acquired profitable cannabis distribution company Dr. FeelGood. According to the agreement terms, SinglePoint will acquire 51 percent of the company in a combination of cash and stock, allowing SinglePoint to recognize all revenue.

This acquisition adds yet another revenue stream for SinglePoint, further affirming the company’s strategy of revenue by acquisition. The acquisition further provides SinglePoint with new team members who have been active within the cannabis industry for…

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