PHOENIX, Sept. 10, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – SinglePoint (OTCQB:SING) is pleased to update shareholders on the success of Jacksam (OTCQB:JKSM). As a lead investor in Jacksam before the company went public SinglePoint was able to secure sizeable interest in the company. Jacksam has now gone public and the value of the company has increased significantly and both parties foresee a very bright future ahead.
"To date, Jacksam has been a tremendous investment for SinglePoint. This is exactly what we look for when investing or acquiring businesses. The company was successful in its original vision and has increased the opportunity for major scalability by opening up the platform. They are now able to work with some of the biggest company's in the space such a CCELL. We are excited to be a part of this high growth company and believe it will only continue its exponential growth." – Wil Ralston SinglePoint President
Below are updates to what has happened over the course of the company becoming public.
Press Release 8/15/2019
Jacksam Corporation Releases Newly Engineered Automation Machines to Fill and Cap CCell Compression Cartridges
Commenting on the news, Jacksam/Convectium CEO Mark Adams stated: "Up until now companies using CCell cartridges couldn't access our state-of-the-art automation equipment which delivers up to 287% more efficiency and 80% labor savings. Our new 'open system' approach catapults our market potential to another level by enabling large-scale CBD or THC concentrate companies to increase output, reduce risks, costs and waste, and beat the competition. These unique machines enable concentrate companies to automate the 'fill and cap bottleneck' and cement Convectium's position as the only true scalable system in the business."
Press Release 8/8/2019
Jacksam Corporation and The Blinc Group Announce Partnership and Reciprocal Distribution Agreement
"We are very excited about this partnership, as Convectium's industry footprint is well established and will help introduce Blinc's high precision, compliant & science based vaping hardware to a broader audience. The combination of Convectium's proprietary streamlined automation solutions with Blinc's commitment to providing innovative, quality-controlled and safe products, will provide an unprecedented integrated solution for MSOs, LPs, extractors and brands looking to optimize their operations and go-to-market strategy," commented Arnaud Dumas de Rauly, CEO of The Blinc Group.
"…announced today that the Company has signed a Distribution Agreement with MainStem, Inc, the leading marketplace for ancillary products & centralized purchasing. MainStem's online platform, with over 10,000 products and cutting-edge e-procurement functionality, is setting the industry standard for how B2B purchasing is done in the cannabis industry…"
Press Release 4/10/2019
Jacksam/Convectium Corp announces the appointment of Robert Hagen to the Board of Directors
"We believe that Mr. Hagen's extensive twenty year plus management and finance background, including his involvement in multiple M&A transactions, and his current focus on cannabis industry research, provides valuable expertise and insight for us and our Board", said CEO Mark Adams.
Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
Corporate Communication
SinglePoint Inc.
855-711-2009
[email protected]
SinglePoint.com
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