SinglePoint Inc. (OTCMKTS:SING) has released an update to shareholders on the progress of Jacksam Corp (OTCMKTS: JKSM). SinglePoint is a major investor in Jacksam having secured significant interest in the company before it went public.
SinglePoint invested in Jacksam before it went public
Since it went public, Jacksam has witnessed its value increase significantly and both parties are forecasting huge potential going forward. Singlepoint President Wil Ralston stated that Jacksam is a remarkable investment for the company, adding that it exhibits what SinglePoint looks for when they want to acquire or invest in a company.
Jacksam was successful in its previous vision sand has since enhanced the potential for more scalability through the opening up of the platform. As a result, following the investment, the CEO indicates that SinglePoint is now able to partner with some of the biggest players in the industry, such as CCELL.
Ralston indicated that they were delighted to be part of such a fast-growing company, and they are remaining optimistic that the company will keep the growth momentum. He said that SinglePoint recently received vape pens from the company that already has shown massive interest. SinglePoint will continue growing its private-label footprint and will gladly use Convectium products.
Updates since Jacksam went public
Last month the company released newly engineered automation machines for filing and capping CCell Compression cartridges. The CEO Mark Adams said that companies using CCell cartridges could not previously get access to automation equipment but now they can. He said that their state-of-the-art equipment offers close to 287% efficiency and saves labor up to 80%.
Also, the company announced a partnership and reciprocal supply agreement with The Blinc Group. The Blinc Group CEO Dumas De Rauly stated that the partnership would help in the introduction of Blinc’s complaint, high precision and science-based vaping hardware to the market. Jacksam also entered a partnership and distribution agreement with MainStem to feature Convectium cartridges, shark 710 filling machines and captain capping machines on the B2B purchasing Platform of MainStem. The MainStem platform has over 10,000 products as well as quality e-procurement functionality.
Affinor Growers Inc. (OTCMKTS: RSSFF) Closes Non-Brokered Placement of 10.43 Million Units And Appoints Patrick Carey To Board
Post Views: 4 Affinor Growers Inc. (OTCMKTS: RSSFF) has announced the closing of a non-brokered placement of 10.43 million units...
CEA Industries Inc. (OTCMKTS: SRNA) Announce $2.1 million contract with a Maryland facility
Post Views: 36 CEA Industries Inc. (OTCMKTS: SRNA), which does business as Surna Cultivation Technologies, has announced that it received...
Decibel Cannabis Company Inc. (OTCMKTS: DBCCF) Expanding Recreational Cannabis Market Share And Announced Debt Refinancing
Post Views: 43 Decibel Cannabis Company Inc. (OTCMKTS: DBCCF) has offered an update about its latest Canadian recreational market share. ...
Auxly Cannabis Group Inc. (OTCMKTS: CBWTF) Expanding Leadership In Cannabis 2.0- Sales With Increase In Market Share To 15%
Post Views: 56 Auxly Cannabis Group Inc. (OTCMKTS: CBWTF) has reported ongoing nationwide leadership in Cannabis 2.0 sales in 2021...
Ayr Wellness (OTCMKTS: AYRWF) Opens New Cannabis Dispensary in Pinellas, Florida, its 44th Location In The State
Post Views: 5 Ayr Wellness (OTCMKTS: AYRWF) has announced the opening of its latest dispensary in Pinellas, Florida. The Pinellas...
CLS Holding USA Inc. (OTCMKTS: CLSH) Announces 10% Revenue Growth in Q2 2022 As It Tops Concentrate Sales In Nevada
Post Views: 72 CLS Holding USA Inc. (OTCMKTS: CLSH), which operates as Cannabis Life Sciences, has announced its financial and...