The MiningNewsWire Podcast

SinglePoint Inc. (OTCQB:SING) (“the Company”) announces the acquisition of ShieldSaver, which expands the Company’s blockchain initiatives into the automotive industry in an exciting way.

ShieldSaver is a technology company disrupting the automotive repair and maintenance industry. A trojan horse within the automotive industry, ShieldSaver has unique permissions—through contracts with multiple companies—to enter locations that are typically off limits, obtain critical vehicle data at those locations, and then make contact with vehicle owners regarding needed repairs on their cars. For instance, ShieldSaver is able to access vehicles parked in airport lots at Sacramento International Airport, Denver International and others; assess potential repair needs for those vehicles; and then leave information regarding the vehicle’s issues, along with ShieldSaver company contact information, for the vehicle owners. This is something that, currently, no other company is able to do.

As investors enter the second quarter looking for signs of growth sectors, cryptocurrencies and blockchain-related markets remain at the top of the list in potential. In particular, the advantages of blockchain technologies and their secure, immutable shared ledgers are rapidly gaining recognition in the international trade and finance, security, gaming and healthcare sectors. Several companies are advancing programs to educate the broader investing public about blockchain technology. Those companies include SinglePoint, Inc. (SING), which has been aggressively making strategic acquisitions and building a diverse portfolio in the blockchain space. Other public companies pursuing opportunities in the expanding blockchain sector include Longfin Corp. (LFIN), Accenture PLC (ACN), Marathon Patent Group, Inc. (MARA) and Overstock.com, Inc. (OSTK).

With recreational cannabis only months away from legalization in Canada, companies are racing to prepare for the new market. For many, this means partnerships, supply agreements, and external investment. Choom Holdings, Inc. (CSE: CHOO) (OTCQB: CHOOF) has received a substantial investment from ABcann Global to develop its high-end retail brand and growing facilities. Aurora Cannabis, Inc. (TSX: ACB) (OTCQX: ACBFF) has entered into a supply agreement with Shoppers Drug Mart and invested in Liquor Stores N.A. Ltd. to support expansion in both the medical and recreational sectors, and OrganiGram Holdings, Inc. (TSX.V: OGI) (OTCQB: OGRMF) inked a deal with TGS Colorado, providing access to technology and designs not available to other Canadian companies. The Hydropothecary Corporation (TSX.V: THCX) struck a deal with the Société des alcools du Québec, while The Supreme Cannabis Company, Inc. (TSX.V: FIRE) (OTC: SPRWF) has invested $3 million in BlissCo, a new producer. Across the industry, such deals are paving the way for growth.

The proposed legalization of recreational cannabis this year is expected to mean huge growth in the Canadian cannabis sector, and companies are preparing to make the most of it. Choom™ Holdings, Inc. (CSE: CHOO) (OTCQB: CHOOF) is creating a premium lifestyle brand backed by an integrated supply chain, while Hiku Brands Co. Ltd. (CSE: HIKU) (OTC: DJACF) is applying for the final license to sell its handcrafted cannabis flower. Medical marijuana producer Canopy Growth Corp. (TSX: WEED) (OTC: TWMJF) has obtained outside funding to explore the potential of cannabis-infused soft drinks, and Aphria, Inc. (TSX: APH) (OTCQB: APHQF) is using a strategy of collaboration and targeted investment to boost its cannabis production resources. For consumers concerned about the quality of their smokes, ABcann Global (TSX-V: ABCN) (OTCQB: ABCCF) is using a specially developed technique to ensure a consistently high-grade, premium organic cannabis.

Renowned British theoretical physicist Stephen Hawking, before passing away March 14, 2018, recently offered this observation about artificial intelligence: “The rise of AI could be the worst or the best thing that has happened for humanity.” For those companies immersed in developing blockchain technology, the famous scientist’s words underscore the responsibility tech companies shoulder as the integration between this technological trend and the Internet of Things (IoT) opens up promising new frontiers. As a strong proponent of blockchain technology for the finance market’s logistics supply chain integrity and high-risk sectors such as legalized cannabis, Global Payout, Inc. (GOHE) is determined to offer customized solutions based on fintech and blockchain services. Other notable players investing heavily in blockchain technology are Microsoft Corporation (MSFT), Alphabet, Inc. (GOOG) (GOOGL), Overstock.com, Inc. (OSTK) and CME Group, Inc. (CME).

As the legal cannabis market continues to grow, new deals are creating opportunities for a range of companies and an influx of investments. PreveCeutical Medical, Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) has teamed up with research institutions in Australia and gained a government permit to import cannabis for development of its drug delivery system. Cannabis for this project will be supplied by Aurora Cannabis (OTCQX: ACBFF) (TSX: ACB), a company experiencing significant production growth, including a deal for a new joint venture in Denmark. ABcann Global (TSX.V: ABCN) (OTCQB: ABCCF) is expanding its production facilities and utilizing a computer-controlled system to ensure the best growing conditions, while Aphria, Inc. (TSX: APH) (OTCQB: APHQF) has developed an expansion strategy using targeted investment and collaborations to help the company and its partners grow. And with legal recreational cannabis coming to Canada, Canopy Growth Corp. (TSX: WEED) (OTC: TWMJF) has secured a $191 million investment from Constellation Brands to support new products such as cannabis-infused soft drinks.

It’s difficult to imagine childhood without a set of building blocks, be it Tinkertoys, Legos, or the tried-and-true backyard stick structures. Regardless of the construction method, the drive to solve problems and build something useful never really goes away, especially when it comes to business. In fact, it’s the anchoring thought behind the blockchain revolution made famous by bitcoin and other cryptocurrencies. Blockchain technology, described as a distributed database or ledger that maintains a continuous list of transactions or records, has the potential to disrupt any public or private sector. Companies actively pursuing and building on the opportunities provided by this technology include Global Payout, Inc. (GOHE), International Business Machines Corporation (IBM), Microsoft Corporation (MSFT), Oracle Corporation (ORCL), and United Parcel Service Inc. (UPS).

SinglePoint Inc. (OTCQB: SING) is pleased to announce the soft launch of its SingleSeed payment bitcoin payments solution. Additionally, SinglePoint management provides details and insight to the company’s activity in new ventures and pursuit of acquisitions in two major emerging markets: cannabis and blockchain. This corporate update includes an overview of each previously announced project and potential acquisition, as well as the progress on its 2017 audit and current revenue run rate for 2018.

Investment in blockchain technology is growing rapidly. As innovators develop new ways to apply the technology to a range of industries, more companies are finding new applications for the technology and attracting increased funding from investors at the same time. SinglePoint, Inc. (SING) has attracted investment for a broad range of blockchain services, including applications in payment processing, logistics and health care. Visa, Inc. (V) is testing a new business-to-business blockchain payment service aimed at making international financial transactions easier. Mastercard, Inc. (MA) has registered a patent for a blockchain database to reduce the need for intermediaries and resultant delays in payment processing. International Business Machines Corp. (IBM) is collaborating with a shipping firm to develop blockchain-based international logistics designed to smooth out global supply chains while HIVE Blockchain Technologies Ltd. (TSX-V: HIVE) (HVBTF) operates its own cryptocurrency facilities that seek to bridge the gap between new and traditional finance.

SinglePoint Inc. (OTCQB: SING) announces its engagement with Circonomy Solutions to create the cannabis industry’s first waste diversion program, with an emphasis on moving toward zero-waste. With broad experience in the waste and sustainability industries, Circonomy is the premier company to deliver creative technologies and solutions to make this “green” industry even greener.