SACRAMENTO, Calif. - December 20, 2017 (Investorideas.com Newswire) Smart Cannabis Corp, (SCNA), and SinglePoint Inc., (OTC:SING), announced today that they have formalized the letter of intent signed earlier this month into a multifaceted joint venture and co-marketing agreement.

Read this news in full at http://www.investorideas.com/CO/SING/news/2017/12201JointVenture.asp

Smart Cannabis Corp, one of the fastest growing and most profitable companies in the cannabis, agritech and organic farming market. The company provides advanced eco-friendly greenhouse systems unmatched at any price; coupled with state of the art automation control systems utilizing the company's SMARTAPP mobile control system.

Under terms of the agreement, SinglePoint has signed a license and representation agreement to distribute Smart Cannabis' SMARTAPP automation software product, and soon-to-be-released "Track and Trace Software System," for the cannabis marketplace. These software platforms are a natural add-on extension to SinglePoint's recently announced cybercurrency payment processing system.

The agreement also provides for the companies to invest development resources that will extend cybercurrency transactions so that commercial scale cultivation clients can track and transact their business with clients using blockchain technology and SinglePoint's cybercurrency payment portal. SinglePoint will also work intimately with Smart Cannabis to effectively implement Blockchain technology into their "Track and Trace Software System." This collaboration reaches a massive cannabis market that produced a reported $6.7B in sales in 2016, and is projected to be in excess of $50B by 2020.

"We are extremely excited by the synergy we share with Smart Cannabis Corp. We believe with our teams collaborating on projects we will quickly bring solutions to fruition. With the data Smart Cannabis Corp collects through their Track and Trace Software system, SinglePoint will be able to start building a blockchain platform giving further insight in the cultivation and sale of cannabis related products," states Wil Ralston President, SinglePoint.

Don Smith, Vice President of Smart Cannabis Corp., stated "Our relationship with SinglePoint is a game changer. The cannabis industry has not yet begun to see sophisticated companies that are capable of collaboration, joint investment, and synergy like we're doing. Both companies have proven their ability to execute and perform in joint venture arrangements which is critical to effectively thrive. We're thrilled to collaborate with SinglePoint, an ideal match for our business development activities."

As stated previously, the joint venture is a multi-faceted agreement. The companies intend to announce the next phase of their relationship in the near future. In the meantime, they are aligning their marketing strategies in preparation for cannabis legalization in California next month.

About Smart Cannabis

Smart Cannabis Corp., (SCNA) is a public equity corporation focused on the advanced agriculture and cannabis industries with plans to grow through acquisition, strategic alliances, and proprietary intellectual property. The company's wholly owned subsidiary Next Generation Farming Inc. provides turnkey commercial SMART greenhouse and automation systems that improve yields and decrease water consumption for cultivators of organic food and cannabis crops. The company's websites are: http://smartcannabis.com http://nextgen.farm.

About SinglePoint Inc.

SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry.

Disclaimer:

The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.

Contact:

Don Smith, Vice President, 888-589-3739

Disclosure: SinglePoint, Inc. (OTC: $SING) is featured on the 420 Cannabis Investor Ideas of 2017 at 

www.420cannabisinvestorideas.com

SinglePoint, Inc. (OTC: SING) is a featured company on Investorideas.com
View the profile on Investorideas.com

Disclaimer: This directory is not a recommendation to buy or sell securities or products or services Investorideas.com charges a fee for placement. The directory is not an endorsement or recommendation but meant to be an investor resource/ due diligence tool.

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. SinglePoint, Inc. (OTC: SING) is a paid PR news and social media client on Investorideas.com for bitcoin and cannabis - starting April 6,2017 and renews quarterly and from time to time adds additional content ( averages 2-3 thousand ) and is also a paid featured company on the cannabis 420 Investor ideas directory www.420cannabisinvestorideas.com (one-time fee of one thousand)

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.