There is no doubt that in the West, online-to-offline (O2O) commerce is mostly about click-and-collect (C&C). Consumers purchase their stuff online and then pick it up later at a store. However, in China, O2O goes much further, covering a variety of services (like having a barber come to your home) which may not be cost-effective to offer in Western markets. Therefore, with O2O growing by leaps and bounds in the U.S. and Europe, its prospects for growth, as you can imagine, are much, much greater in Zhōngguó, which is the name the Chinese give to their homeland. That is why the future of O2O pioneer Moxian, Inc. (NASDAQ: MOXC) is so bright. The mainland China-based ecommerce company provides an online platform for small and medium-sized enterprises (SMEs) with brick-and-mortar stores to expand their marketing reach by using many cloud-based social and commercial tools currently available.

Click-and-collect commerce is one of the hottest trends in U.S. retailing, and examples of its growing acceptance have appeared in the press. For the Christmas holiday season in 2015, CNBC reported (http://nnw.fm/0tODu), citing an International Council of Shopping Centers’ Holiday Consumer Purchasing Trends Study, that about one-third of consumers selected and purchased their items online, and then picked them up at the store. In a program that kicked off on April 19, 2017, Walmart customers are now being offered discounts on about 10,000 items if they are willing to purchase and pay online and then pick up in a store.

In China, the potential of O2O commerce to become a billion dollar industry is due to three factors. Firstly, like coffee in Brazil, there are an awful lot of shoppers in China. At 1.4 billion, the population of China is more than four times that of the U.S., and some 650 million of these individuals use the internet. Therefore, according to an observation in an Economist Special Report, ‘It is easier in China than elsewhere to achieve scale quickly because the local market is both enormous and fairly homogeneous—and Western rivals are deterred by both the unfamiliarity of Chinese culture and by censorship.’

Second, in China, the O2O mix is more weighted to services than it is to tangible products, according to eMarketer (http://nnw.fm/7vwWj), which gives the Chinese market an added advantage since many of these services have decidedly lower labor costs. You can get a haircut at a salon in China for 25-30 RMB ($3.50-$7.00) and one at home for not much more. A haircut at home in America from an “Uber for Haircuts” outfit will set you back much, much more. One such, with the clever moniker Shortcut, charges $75 for a “premium” cut.

Third, the Chinese O2O market also encompasses a wider range of services, such as dining out and medical services, that most Westerners would not consider online-to-offline, suggesting that, at present, the online aspect of O2O is more important for the Chinese consumer than it is for Americans. Bear in mind that O2O commerce differs from a purchase-and-pay transaction at a brick-and-mortar establishment, where the consumer “window-shopped” the merchant’s website. In O2O, the purchase is paid for or initiated by an order online and consumed or picked up offline.

The recognition that Chinese shoppers are more likely to consider the O2O transition as one integral experience makes the Moxian platform an essential tool for them. A survey cited in the eMarketer report has revealed that a majority of internet users in China have purchased services through O2O, ranging from 50.6% in the 60+ age group to over 75% for those aged 20-39. From teens to grandparents, they are all in on O2O. These consumers can access the platform through the Moxian+ User App, designed expressly for use with mobile devices. For Merchant Clients, there is a separate app called the Moxian+ Business App.

Moxian+ gives SMEs with an established brick-and-mortar presence an online platform to conduct business, interact with existing customers and obtain new customers. Its social media engine not only facilitates discourse between merchant clients and consumers but also allows consumers to connect with each other and act as brand promoters. Merchant clients can publish information on products, offer coupons, advertise events and sales and keep consumers educated with blogs. Likewise, consumers can order products at the online shops for express delivery or for pick up later.

On November 14, 2016, Moxian announced the completion of a public offering of 2,501,250 shares of its common stock at a public offering price of $4.00 per share. Its stock now trades on the NASDAQ Capital Market under the symbol MOXC.

For more information, visit the company’s website at www.Moxian.com

In the modern world, zinc plays second fiddle to iron. About half of the blue-white or blue-gray metal mined is used in coating iron to prevent the latter from rusting, a process known as galvanization. However, it is clear from archaeological discoveries that zinc had a much more important role in earlier times. For example, brass artifacts dated before 1000 BCE have been found in Palestine. Brass is a metal alloy composed of copper and zinc. Given zinc’s venerable past, the Kootenay Zinc Corporation (CSE: ZNK) (OTCQB: KTNNF) is betting the lustrous mineral will continue to have an important role in the future. A sextet of star prospectors is guiding the British Columbia-based junior exploration and mining company as it continues its quest for the metal with atomic number 30.

Supplies of zinc have been contracting since late 2015, when a number of major mines were closed or were winding down operations. In April 2015, Vedanta Resources announced that it would close its Lisheen Mine in Ireland. The last shipment from the mine in Tipperary County took place in January 2016, according to this report (http://dtn.fm/cX1bz) in the Irish Times. Lisheen was Europe’s second largest zinc mine with a capacity of around 175,000 tons. Then, in October 2015, Australian-Chinese concern MMG Limited (HKG: 1208) announced (http://dtn.fm/Y4Pf3) that, after 16 years, mining at Century, Australia’s largest open-pit zinc mine, had “completed” in August 2015. At one time the world’s third largest zinc mine, Century was still producing around 465,696 tons, or 3.5% of global zinc output, in its last full year. Also in October 2015, the Anglo-Swiss mining giant Glencore said it would cut zinc production across its mines worldwide by 500,000 tons, about one-third of its annual output, according to CNBC (http://dtn.fm/R1ThX).

That wasn’t the end of it. Zinc mines in China were also shuttered. A 2016 report (http://dtn.fm/tmE0J) disclosed that Beijing has ordered the shutdown of a number of zinc mines in Hunan Province, the center of Chinese production, owing to safety and environmental concerns. However, at the same time as these supply constraints multiplied, demand was set to increase, since China’s gargantuan infrastructural One Belt, One Road initiative was gathering pace. Formally announced by President Xi Jinping in 2013, the global project is expected to increase demand for steel and, consequently, zinc. As a result, analysts at Goldman Sachs wrote in a research note recently that “Zinc Has by Far The Most Bullish Supply Side Dynamic”, according to several reports.

As Kootenay continues its search for zinc at the Sully property, a 1,375 hectare concession located near Kimberley, B.C., it has enlisted the talent of six star prospectors. Making up that illustrious sextet are Peter Meredith, Jonathan Rubenstein, Stuart (Tookie) Angus, Paul Ransom, David Broughton and Brian Jones.

Peter Meredith sits on the advisory board. He is a current director of Ivanhoe Mines Ltd. and a former deputy chairman and CFO. The chairman of Mag Silver Corp., Jonathan Rubenstein is also on the advisory board, as is Tookie Angus, the current chairman of zinc producer Nevsun Resources Ltd., which operates one of the highest-grade open-pit copper mines in the world.

The technical team includes Paul Ransom, a geologist and noted Sullivan SEDEX deposit expert. He worked for 33 years at the Sullivan Mine and Cominco (now Teck Resources). Ransom has also authored and/or co-authored 10 papers on the geology of the Sullivan deposit. He is Sully Project Manager. Dr. David Broughton, senior technical advisor, is also on the technical team. He is a recognized expert in sediment-hosted copper deposits and spearheaded the discovery of two major mineral deposits, Kamoa in the Democratic Republic of Congo (DRC) and the Platreef in South Africa for Ivanhoe Mines. The technical team also includes Brian Jones (Excel Geophysics), a noted gravity expert involved in high profile, large-scale surveys for mineral exploration and resource estimates, including the Voisey’s Bay Project.

The Sully property is hosted in rocks of similar age and origin as those of the legendary Sullivan deposit. Located only 18 miles (30 kilometers) east of Kimberley and the Sullivan Mine, Kootenay’s star team could strike zinc any day.

For more information, visit the company’s website at www.KootenayZinc.com

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Net Element, Inc. (NASDAQ: NETE), operator of a payments-as-a-service transactional and value-added services platform for small and medium-sized enterprises (“SME”) in the U.S. and selected emerging markets, announced recently that its PayOnline subsidiary is now offering a loyalty program to its merchants.

This new program provides clients access to valuable special offers and discounts for business services they are likely using. Companies participating in the loyalty program include Livetex, CoMagic, VertComm, Trilan, ISPserver, UiS and ExpressRMS. According to the press release, active PayOnline merchants in Russia and Kazakhstan have immediate access.

Current offerings include:

• SEO optimization and competitive analysis (Trilan)
• Online consultation (Livetex)
• Digital telephony (UiS)
• Website hosting and domain registration (ISPserver)
• Analysis of the effectiveness of advertising on the Internet (CoMagic)
• Fulfillment and courier services (ExpressRMS)
• Souvenir products for business (VertComm)

“Payment is at the heart of any online company, but by providing access to a select few business service providers PayOnline is aiming to become a gateway for merchants starting or developing their business,” stated Marat Abasaliev, CEO of PayOnline.

Professional e-commerce service providers who wish to join the PayOnline Loyalty Program can visit the following website: http://payonline.ru/en/whoweare/

With about 50 million people affected worldwide, drug-resistant epilepsy, or refractory epilepsy, is a very serious condition for which a medical solution has not yet been found, but the therapeutic benefits of phytocannabinoid-based therapies for seizures have been coming under increased scrutiny lately. There is mounting evidence that cannabinoid extracts, and in particular cannabidiol (CBD), can have a positive impact on epilepsy patients and alleviate seizures, as indicated by recent research. Companies such as India Globalization Capital, Inc. (NYSE MKT: IGC) are at the forefront of discovering cannabinoid-based epilepsy treatments for humans and animals alike, by developing innovative formulations that can change the paradigm of seizure therapies.

Although stories of cannabis benefits for seizure patients have been around for more than a century, the interest in marijuana has increased significantly in the last few years due to the growing legalization movement. At the moment, marijuana is legal for medical or recreational consumption in almost 30 states, and supporters of legalization hope the substance will eventually be allowed nationwide. There is also hope that widespread legalization will eventually force the federal government to declassify marijuana as a Schedule I drug, a classification that currently stands in the way of the cannabis industry’s potential development mostly by limiting businesses’ access to banking and financial solutions.

Most research into the effects of cannabis on epilepsy has focused on CBD, the most abundant non-psychoactive cannabinoid in the marijuana plant. According to the American Epilepsy Society (http://dtn.fm/6bMxP), recent studies have indicated that CBD was successfully used to reduce the intensity and frequency of seizures in children with refractory epilepsy. Multiple other studies have indicated similar results, in particular a dramatic drop in the number of seizures reported by patients who were given CBD-based treatments, according to the Epilepsy Foundation (http://dtn.fm/cxG3P). The same effects were reported for CBD use to treat veterinary epilepsy in multiple species, most notably in cats and dogs. The second most abundant cannabinoid extract, tetrahydrocannabinol (THC), was also found to have a positive impact on epilepsy patients, but it is not as easily tolerated due to its psychotropic properties.

Maryland-based IGC is developing innovative CBD-based therapies targeting both human and veterinary epilepsy, as well as other types of seizures. The company has already filed for a U.S. patent for the formulation, administered via different delivery technologies, and has plans to start metabolic profiling and apply to the Food and Drug Administration to start clinical trials. One of its product candidates targeting seizures in animals, IGC-502, is scheduled to begin clinical trials this year.

In addition to seizures, IGC has developed a pipeline of cannabinoid-based therapies targeting various major disorders, including eating disorders and neuropathic pain. The company is becoming a leader in the use of combination therapies that pair cannabis extracts with other traditional medications for the treatment of different conditions, positioning itself as a unique and interesting investment option on the ever-growing medical marijuana market.

For more information, visit the company’s website at www.IGCinc.us

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The production, longevity, and riches are legendary; 337 million ounces of silver and more than 17 million tons of lead and zinc were produced during nearly a century of operation. Today’s value of the minerals taken is nearly $50 billion dollars. Put in perspective, the nine million tons of lead produced during its lifetime by the astonishing Sullivan Mine in British Columbia was enough lead to manufacture 500 million lead-acid batteries for automobiles, and the mine also produced enough zinc, eight million tons, to supply the zinc content in 160 million cars.

In addition to a treasure trove of minerals, the Sullivan Mine provided immense ancillary benefits to mine employees and surrounding communities. It’s estimated that Sullivan paid in excess of $5 billion in wages and benefits and another $20 billion in direct contribution to the local economies, such as taxes, payments to suppliers and the purchase of local services. Economists postulate that Sullivan’s $20 billion in direct contributions equated to three times that amount in indirect effects (local retail, services, housing, education, etc.), or another $60 billion added to the economy. These are unquestionably impressive contributions from the Sullivan Mine, which remains the largest SEDEX deposit uncovered to date.

SEDEX, or sedimentary exhalative deposits, are ore deposits formed when hydrothermal fluids enter a water reservoir, such as an ocean, and discharge minerals. Geology validates the value of SEDEX deposits, which have proven to be a major source of high grade minerals including copper, silver, gold and tungsten, as well as being the world’s single most important source of both lead and zinc.

The value of high grade SEDEX deposits is further crystallized by looking at the increasing value of the underlying minerals. The intrinsic nature of silver and gold are overshadowed by the current shortage and increased global demand for zinc. Zinc prices have exploded over 60 percent this year, to $1.17 per pound in May 2017 from $0.70 per pound one year ago, and zinc appears to be poised to break even higher due to a projected shortage of about 500,000 tons this year. Zinc is indispensable in building materials, automotive, galvanized steel and the production of batteries.

With the famed Sullivan Mine shut down, attention has now turned to what may become the planet’s next legendary SEDEX deposit. In line with these efforts, Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) is ramping up exploration of its Sully Project. Located just 18 miles from Sullivan, the same sedimentary rocks that host Sullivan are present at Sully and could be different environments of the same basin. Paul Ransom, respected geologist and noted Sullivan SEDEX deposit expert, has called the Sully Project, “…the best exploration target of Sullivan Size that I have seen in my (33 year) career.”

So far, drilling efforts at the Sully Project have been deemed a very near miss, and Kootenay Zinc has undertaken the necessary steps to target what may well become the world’s next great SEDEX deposit.

For more information, visit the company’s website at www.KootenayZinc.com

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As the marijuana industry continues its brisk forward march — with cannabis now legalized in some form in 29 states as well as the District of Columbia — cannabis dispensaries and other businesses are still faced with the challenge of having no banking options currently available to them, which forces them to conduct cash transactions only. These merchants are clamoring for a solution that has, as yet, been elusive, but SinglePoint, Inc. (OTC: SING) may finally have the answer: bitcoin.

The use of bitcoin, a digital currency, enables financial transactions to be completed independent of banks and free of government regulation — making it an ideal option for marijuana merchants that presently cannot offer their customers credit and debit card payment options due to federal restrictions. SinglePoint has announced an initiative to create a bitcoin payment solution for the cannabis industry that would enable marijuana businesses to accept card payments without the need for federal approval or the cooperation of banks.

SinglePoint’s aim is to develop a bitcoin payment solution that would create a user-friendly experience for customers and allow them to purchase cannabis products using their credit or debit cards. The solution could be easily implemented in any point-of-sale machine by simply downloading an application.

The company’s SingleSeed subsidiary is already engaged in offering mobile marketing and payment solutions to businesses in the marijuana industry, including cashless ATM, Pay-by-Text™ and text message marketing. SinglePoint has also successfully completed technology integrations with companies like RedFynn, Twilio and IATS, as well as with major carriers like Verizon (NYSE: VZ), T-Mobile (NASDAQ: TMUS), AT&T (NYSE: T) and Sprint (NYSE: S), through which it offers text message marketing and text-based payment solutions. The company plans to utilize these integrations as it develops its bitcoin payments technology.

This solution, once ready for implementation, could quickly spread to many stores, where the SinglePoint API could be easily downloaded into existing point-of-sale machines. Cannabis merchants could then begin performing bitcoin transactions via credit and debit card.

This pioneering solution for the banking problems currently faced by marijuana businesses could be a game-changer in this flourishing industry, which has been projected by New Frontier to reach $24 billion by 2026.

For more information, visit the company’s website at www.SinglePoint.com

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Moxian, Inc.’s (NASDAQ: MOXC) expansion of its alliance with Xinhua New Media Culture Communications Co., including the launch of a game channel on the Xinhua mobile app platform, is expected to generate revenues for Moxian from game downloads and mobile banner advertisement fees, according to a research report by Crystal Equity Research (http://nnw.fm/V45Pj).

Moxian is a Shenzhen, China-based company, which is in the development stage. It is building infrastructure and staffing as its executes its marketing strategy to commercialize its two online-to-offline (O2O) mobile platforms. Moxian+ is its paid business platform, which the company seeks to convert from free. It currently has some 30,000 small- and medium-sized enterprise (SME) users. Its Moxian User app currently boasts a user base of roughly 300,000 consumers. The goal is to convert those users, add more, and also generate revenues through subscription revenues, transaction fees, mobile advertising, licensing fees, OEM and distribution charges.

The Crystal Equity Research report views Moxian’s timing entering the O2O market as strategically advantageous. “We believe Moxian can benefit from these early efforts since its Moxian+ platform offers location services and customer relationship management features that cannot be easily found in the other O2O platforms in the China market,” the report says.

In its expanded alliance with Xinhua New Media Culture Communications, Moxian will likely find many more daily users. The report cites Xinhua’s 10 million daily users after 110 million downloads of its mobile app. The Game Channel is powered by Moxian’s payment technology through Mo-Coin. Moxian, it says, expects to receive revenue from game downloads and mobile banner advertisement fees. In addition, the Game Channel is expected to attract consumers to the Moxian+ app. Crystal has set a price target on Moxian stock at $5.25.

For more information, visit www.Moxian.com

The process of paying for goods and services is rapidly and radically changing. Virtually unheard of a decade ago, nearly $40 billion in mobile transactions occurred during 2015. Amazingly, that total is expected to explode 20 times to over $800 billion within the next couple of years. During this same time period, the global mobile point-of-sale installed base is projected to grow from about 13 million units to over 54 million units in 2019. A typical mobile point-of-sale solution gives merchants the flexibility to accept credit card payments anywhere and at any time and allows customers to quite literally skip the checkout line and check out anywhere in the store. Paying for transactions with mobile devices has not only gained widespread acceptance; it has also provided benefits for both consumers and merchants.

In addition to faster and more secure transactions, another benefit of a mobile point-of-sale system is that it gives merchants tools to drive sales in different environments and can actually increase average customer transactions by 25% through upsells. During personalized customer checkout services, consumers are fixated with their mobile devices and find it more convenient to rely on their devices to make payments. Mobile point-of-sale transactions give merchants the ability to integrate loyalty and incentive programs into mobile payment applications, track customer trends and inventory, increase check-out speed and save money on credit card fees. Net Element (NASDAQ: NETE) is in the midst of this mobile point-of-sale revolution.

Net Element is a global mobile payments, value-add technology company that has been at the forefront of facilitating this mobile point-of-sale boom, providing speed, security, accuracy and the convenience of mobile transactions. Net Element owns and operates a global mobile payments and transactional processing provider, TOT Group. TOT Group companies include Aptito, Digital Provider, Restoactive, PayOnline, and Unified Payments, which was named the fastest-growing private company in America in 2012 by Inc. Magazine.

The company provides a broad range of electronic payment solutions that enable merchants of all sizes to quickly and securely process transactions, and the company continues to see increased acceptance and adoption of its mobile and online payments. The company processed 51.2 million bankcard transactions in North America in 2015, as well as 90 million transactions in the CIS and the Russian Federation and 19.5 million mobile transactions in emerging markets.

It’s only logical that Net Element should enjoy the same mercurial growth projections as the industry as a whole. Net Element remains focused on improvements and investments in its core technology, while it’s savvy and experienced management team is committed to capturing more than the company’s fair share of the worldwide mobile payment industry revenues, which are forecast to surpass $800 billion in 2019.

For more information, visit www.NetElement.com

Now that shares of ABcann Global Corporation (TSXV: ABCN) are trading on the venture arm of the Toronto Stock Exchange (TSX), the company is creating more buzz than ever. On the same day it launched its initial public offering (IPO) (May 4), industry analysts PI Financial initiated coverage of the stock with a decidedly bullish report (http://nnw.fm/zcgG2) on the company. PI has put a “Buy” rating on the stock and set a one-year price target of $2.25, implying a return of well over 100 percent. The investment bank backs up this sunny prognosis with an in-depth look at ABcann’s value chain and Canada’s cannabis industry, by some accounts set to grow to $8 billion in sales by 2024.

ABcann Global recently acquired all the outstanding stock of ABcann Medicinals, a Canadian medical marijuana company licensed to carry on business as a producer and marketer of medical cannabis. ABcann Medicinals has strong fundamentals. It was a first mover in the Canadian cannabis space, obtaining a cultivation license in March 2014, just six months after Health Canada began inviting applications. In addition, it has collaborated with the University of Guelph in studies of the cannabis cultivation process. Consequently, the company has developed substantial institutional expertise, particularly in controlling quality and production costs and is now poised to add value in those areas and develop a competitive advantage.

ABcann’s institutional knowledge is already bearing results. The company’s computer-controlled growing environment produces optimum yields of 250 grams per square foot per annum, based on six crops a year. The industry interval is 60 grams on the greenhouse side, and 138 grams for indoor growers. ABcann’s growing technology controls a variety of variables, including air quality, carbon dioxide and oxygen levels, water quality and volume, light quality, temperature, humidity, and naturally enough, nutrition. As a result, the company is able maintain consistency in its product and to escape the ravages of pests with the attendant evil of employing toxic pesticides. In an interview earlier this year (http://nnw.fm/1llH4), CEO Aaron Keay revealed that one major advantage over its competitors that Abcann has, is its ability to produce consistent quality as it scales up.

ABcann has that potential to scale up. Its initial facility at Vanluven, currently producing 1,000 kilos annually, is expected to double production to 2,000 kilos by the end of 2017. The company also controls the 65-acre Kimmett property intended for further expansion. Health Canada has granted a license to build a 70,000-sq-ft facility, which is expected to produce 10,000 to 20,000 kilos per annum depending on whether single or double-layered grow rooms are constructed.

PI Financial expects ABcann Global shares to provide investors with a return of 181 percent based on the target price of $2.25. The target represents an EV/EBITDA of 15x based on its FY19 estimates. EV is enterprise value; EBITDA is earnings before interest, taxes, depreciation and amortization.

PI Financial’s 15x multiple, while large, is not far-fetched, as a look at ABcann’s peers shows. Shares of SupremePharma (XCNQ: SL) soared a stupendous 1,364% after their launch and the company’s market cap is currently 232 million. Aurora’s (TSXV: ACB) shares went up 887% after they began trading publicly and the company is now valued at $836 million. Shares of Aphria (TSE: APH) rose 938% after their debut; Aphria’s market cap is now $854 million. And shares of Canopy Growth (TSE: WEED) climbed 711% after the company’s IPO. Its valuation now stands at a whopping $1.38 billion. Canadian cannabis valuations appear to be taking to the skies. Could ABcann be next?

For more information, please visit www.ABcann.ca

One of the fastest growing industries in the United States in recent years, the legal marijuana market remains a highly attractive prospect for both entrepreneurs and investors, despite facing uncertain times as a consequence of the new administration’s position on cannabis use. Investors are actually expected to increase their investments this year, determined to push the market toward further growth. A recent GreenWave Advisors report notes that the industry will continue this trend even if the current administration will actively challenge it (http://dtn.fm/h7Pmr). Arizona-based holding company SinglePoint, Inc. (OTC: SING) is riding atop the marijuana investing wave, having recently completed yet another major acquisition that will solidify and expand its reach on the market.

The current state of the legal marijuana industry was discussed in depth at Marijuana Business Daily’s Conference and Expo earlier this month, with most investors, analysts and startups in the market admitting concern over the future, given the authorities’ position on the matter. President Donald Trump and other high-ranking officials have repeatedly talked about cracking down on the marijuana market, since the substance is still illegal at federal level. Marijuana use is however legal one way or another in at least 29 states, and stricter enforcement at central level would interfere with states’ individual legislation. No official position or measures have been announced yet.

While some expo participants were concerned they might see fewer investors coming to the market, most industry research points to a very likely increase in overall investments this year. The average investor is expected to invest roughly $500,000 in marijuana businesses this year, up from last year’s $450,000. Additionally, research indicates that legal marijuana retail sales will continue to grow, reaching $7.7 billion this year, according to GreenWave Advisors. The market is likely to top $30 billion by 2021, if medical and recreational marijuana is legalized all across the country. And even if the current administration takes on a more active stance against marijuana legalization, the market is still expected to reach $18 billion by 2021. Marijuana Business Daily research projects a more moderate, but still substantial revenue: $6.1 billion in retail sales for this year.

California alone could account for 40 percent of the market, the GreenWave Advisors research shows. The Golden State is turning into a hotspot for marijuana investments and businesses, as it moves to completely legalize recreational use next year. SinglePoint has already entered the Californian marijuana market following its latest acquisition. By acquiring 90 percent of Discount Indoor Garden Supply (DIGS), the company positions itself as a leader in marijuana consulting, equipment, retail stores and online products. The acquisition gives SinglePoint access to DIGS’s two brick-and-mortar stores and online shop, as well as to a third store likely to open in the near future. This investment not only demonstrates SinglePoint’s ability to grow its investment portfolio strategically, but also provides the company with a new and consistent source of revenues to help fund future acquisitions.

The DIGS investment follows another major strategic acquisition for SinglePoint: that of Convectium, the manufacturer and distributor of an innovative equipment and packaging solution in the cannabis industry. Convectium’s unique cartridge and vape pen filling machines is revolutionizing the traditional, manual cartridge filling method, as it can fill more than 100 cartridges in 30 seconds.

SinglePoint also has a strong presence on the marijuana payment solutions market via its subsidiary SingleSeed. A provider of various state-of-the-art non-cash payment and marketing tools for the medical and retail marijuana market, SingleSeed’s declared goal is to help businesses on the market thrive, while also helping to legitimize the industry and educating customers and business owners on key issues in the market.

For more information visit the company’s website at www.SinglePoint.com

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