Singlepoint Inc (OTCMKTS:SING) stock is gaining altitude in the market as investors take note of the company’s recent effort that are already showing signs of unlocking more shareholder value. Extension of a sales and marketing agreement with RedFynn technologies is expected to provide more exposure to the company’s mobile technology products. Being one of the players with plays in the cannabis industry the company is also seen also set to be one of the beneficiaries as more states move to legalize medical marijuana next week.
Distribution Agreement Opportunities
Under the terms of the new agreement, SinglePoint will gain access to 150,000 RedFynn technologies client accounts a move that should allow it to unlock new markets for its products. The partnership is already paying out, RedFynn having already introduced SinglePoint’s capabilities to Mesa United.
SinglePoint CEO, Greg Lambrecht expects the strong partnership with RedFynn and Mesa to lead to more revenue opportunities. RedFynn founder Shane Hurley has also echoed the executive’s sentiments having affirmed the need of coming up with new innovative technology as a way of growing the business.
“We look forward to continuing our business relationship with SinglePoint to help the company identify new clients and markets that would value from its mobile and marketing technologies. When it comes to having the right technology to better your business, there’s no reason to settle for less than superior,” said Mr. Hurley.
While the company has been busy in growing its channel partnerships, it is also working round the clock to come with new mobile solutions all of which target the nonprofit community. The company is also opened to pursuing growth opportunities through acquisitions having recently completed the acquisition of assets and technology belonging to Mobile Technologies.
Cannabis Industry Opportunities
Affirming SinglePoint growth prospects is the expected expansion of the cannabis industry as more states move to the ballot next week, to vote on the legalization of the plant for medicinal purposes. The company through its subsidiary SingleSeed has already reiterated plans to take advantage of emerging opportunities in the industry.
“This is an ideal time to actively engage the marketplace and ramp up relations with existing clients,” states Lambrecht.
Singlepoint Inc (OTCMKTS:SING) stock rallying by more than 50% in Thursday trading session further signifies growing investor confidence that the company is on the right track as it looks to unlock more shareholder value.