SinglePoint,
Inc. (OTC:SING) is pleased to announce the company has
signed an LOI to acquire a stake in California cannabis cultivation MTH
Development Group ("MTH") further establishing its California
footprint. MTH currently operates 4.7 acres of land zoned for cannabis
cultivation. SinglePoint has invested in the company in return for an equity
stake. Currently the company leases its properties to licensed cultivators and
operates one of the largest cultivations in Adelanto, California.
Inc. (OTC:SING) is pleased to announce the company has
signed an LOI to acquire a stake in California cannabis cultivation MTH
Development Group ("MTH") further establishing its California
footprint. MTH currently operates 4.7 acres of land zoned for cannabis
cultivation. SinglePoint has invested in the company in return for an equity
stake. Currently the company leases its properties to licensed cultivators and
operates one of the largest cultivations in Adelanto, California.
With
its hands-off approach SinglePoint is staying true to that strategy by
investing MTH. SinglePoint will continue its hands-off approach by acquiring
companies and providing technology solutions to the industry. This will be the
first acquisition of its kind for SinglePoint in which the company will own
equity in licensed cannabis cultivation land. The company is in negotiations to
do similar investments in other states.
its hands-off approach SinglePoint is staying true to that strategy by
investing MTH. SinglePoint will continue its hands-off approach by acquiring
companies and providing technology solutions to the industry. This will be the
first acquisition of its kind for SinglePoint in which the company will own
equity in licensed cannabis cultivation land. The company is in negotiations to
do similar investments in other states.
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