Singlepoint Inc (OTCMKTS:SING),a leading company well specialized in the acquisition of small to mid-sized companies has made public its decision to close the first round of funding towards the acquisition of a portion of Jacksam Corp., dba Convectium-the major driving force pushing for the development of a unique oil filling system which is as a matter of fact expected to revolutionize the cannabis market..
The most recent acquisition is a representation of one among the many strategic investments SinglePoint looks forward to utilize in the move to try and diversify its numerous revenue streams in the cannabis industry.
A previous announcement revealed SinglePoint’s plan to invest a stock as well as some cash consideration amounting to about $800,000 to help drive the growth of Convectium. It is also among its top priorities to give a lift to the 710Shark and 710Seal system.
According to some reliable sources, the system has the ability to package and fill over 100 cartridges. It can also fill the disposable vape pens in a matter of some 30 seconds and it goes without saying that this is definitely one of the fastest filling and sealing system. It is unbeatable in its service delivery field and it is not about to stop in its efforts to revamp its service delivery department.
Convectium is also known to tom provide a line of B2C products which Singleton advertise and sales on the online platform through the reliable SingleSeed.com subsidiary. The company is among the very few company’s that are taken to higher levels of business success as a result of the increased brand visibility as well product demand and a lot much more is yet to happen.
From the look of things, the company seems to be very much on track considering the sales it made during the first quarter of 2017.The sales had by a large percentage difference surpassed those made during the first-quarter of the 2016 sales. Managing partner of Convectium expressed his excitement as well as that of the company following the released funds which will go along way to help them surpass the projected revenue goals.