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Wednesday, May 24, 2017

SinglePoint (OTC: $SING) Acquires 90% of DIGS an Online, Retail and Cannabis Consulting Company

SinglePoint (OTC: $SING) Acquires 90% of DIGS an Online, Retail and Cannabis Consulting Company



SEATTLE, WA - May 24, 2017 (Investorideas.com Newswire) SinglePoint, Inc. (OTC:SING), a holding company specialized in the acquisition of small to mid-sized companies with an emphasis on new technologies, today announces that it has completed the acquisition of Discount Indoor Garden Supply ("DIGS"). Per the agreement, SinglePoint has acquired 90 percent of DIGS in a stock and cash transaction that demonstrates SinglePoint's ability to strategically grow its portfolio of investments in established, high-potential cannabis businesses, and provides a new source of revenues to help facilitate future acquisitions.

The acquisition of DIGS immediately positions SinglePoint as a leader in online products, retail stores, cannabis consulting, and equipment in California, home to thousands of cannabis-related businesses and potential customers. As a result, SinglePoint expects to show a significant increase in revenues in the second-quarter financial filings.


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