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Smart Cannabis and SinglePoint Finalize Multifaceted Joint Venture Agreement
Smart Cannabis and SinglePoint Finalize Multifaceted Joint Venture Agreement.
About this update from Smart Cannabis Corp.
[{"type":"text","content":"\n\n\n\nSmart Cannabis and SinglePoint Finalize Multifaceted Joint Venture Agreement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSmart Cannabis and SinglePoint Finalize Multifaceted Joint Venture Agreement\nPR Newswire\nSACRAMENTO, Calif., Dec. 20, 2017\n\n\n\nSACRAMENTO, Calif., Dec. 20, 2017 /PRNewswire/ -- Smart Cannabis Corp, (OTC: 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. \n\n\n \n \n\n \nUnder 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. \n\nThe 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.\n\n\"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. \n\nDon Smith, Vice President of Smart Cannabis Corp., stated \"Our relationship with SinglePoint is a ga...