Serving up a series of poker and blackjack tournaments, BetUS is one of the best paying online casinos in the US. With the introduction of automatic processing software and cryptocurrencies, many casinos now have instant withdrawals available for customers. Through DIGS Hydro, SinglePoint is now able to offer soil and supplies, including hydroponics products, to legal cannabis growers. Another key bitcoin player, First Bitcoin Capital (BITCF), has partnered with SinglePoint to leverage the growing demand for digital currency in the cannabis space. Bitcoin Investment Trust is a U.S.-based, open-ended grantor trust sponsored by Grayscale Investments that is invested exclusively in bitcoin, and its shares are the first publicly quoted securities solely invested in and deriving value from the price of bitcoin. Whether an investor is looking for marijuana play through a hands-on-the-plant company or one offering ancillary services, more and more opportunities are cropping up all the time. NetworkNewsWire (NNW) is an information service that provides to users (1) access to our news aggregation and syndication servers, (2) enhanced press release services, and (3) a full array of social communication solutions. NetworkNewsWire Editorial Coverage: In increasing volume, investment opportunities in the legalized marijuana industry are being added to the portfolio of many enterprising investors.
Such acquisitions are part of SinglePoint’s diversified approach to operating within the marijuana industry without ever touching the plant. We have been working very hard on making acquisitions and inside sales to boost revenues. SinglePoint also describes its strategy to increase revenues through the remainder of the year, leveraging the strength of its acquisition-based growth strategy. Earlier this year, the company began funding Convectium, which is a provider of equipment, branding and packaging solutions to the marijuana industry and is the developer of the very first cartridge and vape pen oil-filling machines for wholesale distribution to cannabis dispensaries. The growth and potential of this segment is evidenced in the activities of companies like Bitcoin Investment Trust (GBTC), which is the first publicly quoted bitcoin investment vehicle. Companies like SinglePoint, Inc. (SING) (SING Profile), Bitcoin Investment Trust (GBTC), First Bitcoin Capital Corp. Paypal was one of the first companies to specialize in online payments and is one of the most reputable payment operators available today. SinglePoint offers mobile marketing services as well as payment solutions for marijuana businesses through SingleSeed payments, including cashless ATM, Pay-by-Text™ and text message marketing.
This acquisition has positioned SinglePoint to become a leader in online products, retail stores, cannabis consulting and equipment in California, which is home to thousands of marijuana-related businesses. SinglePoint, Inc. (SING) also participates in another high-interest area of the marijuana industry through its acquisition and 90 percent ownership of DIGS Hydro. Terra Tech has an industry-exclusive moving table hydroponic growing system that boasts an increase of up to 30 percent in annual harvest yield. The company is positioned to operate medical cannabis cultivation facilities throughout the U.S., and Terra Tech’s growth strategy includes expanding its hydroponic cannabis cultivation efforts across the country. To understand the importance of hydroponics to the marijuana industry, look no further than leading lawn and garden care products manufacturer Scotts Miracle-Gro (SMG), which has been heavily investing in hydroponics via supplies to legal cannabis growers. Scotts has emerged as one of the biggest traditional business players to step foot in the cannabis industry, and, through its wholly-owned The Hawthorne Gardening Company subsidiary, has been busily acquiring various leading firms in hydroponics areas, including soil, lighting and nutrients.
Vertically-integrated cannabis-focused agriculture company Terra Tech (TRTC) is employing hydroponics cultivation techniques as a direct provider of medical cannabis. Terra Tech’s current growth plan specifically includes acquiring cannabis dispensaries in California, completing cannabis facilities in Nevada, and cultivating cannabis in its existing company-owned greenhouse in New Jersey once cannabis cultivation has been legalized in that state. The company operates several subsidiaries in medical marijuana and is focused on cultivating and providing the highest quality medical cannabis and revolutionizing cannabis cultivation through cutting-edge practices in a controlled, modern greenhouse environment. Additionally, Convectium operates a consumer brand that includes BlackoutX and HazeSticks products. The company’s suite of financial solutions for medical marijuana businesses includes merchant processing and point-of-sale solutions, such as automated check-cashing kiosks offered to medical marijuana dispensaries in California. An ongoing roadblock for legal marijuana enterprises has been a lack of banking options, which forces these businesses to conduct cash transactions.