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Smart Cannabis Corp and SinglePoint, Inc. Announce Joint Venture Expanding Blockchain Technology into SMARTAPP Automation Software for the Rapidly Growing Cannabis Market
Smart Cannabis Corp and SinglePoint, Inc. Announce Joint Venture Expanding Blockchain Technology into SMARTAPP Automation Software for the Rapidly Growing Cannabis Market.
About this update from Smart Cannabis Corp.
[{"type":"text","content":"\n\n\n\nSmart Cannabis Corp and SinglePoint, Inc. Announce Joint Venture Expanding Blockchain Technology into SMARTAPP Automation Software for the Rapidly Growing Cannabis Market\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 Corp and SinglePoint, Inc. Announce Joint Venture Expanding Blockchain Technology into SMARTAPP Automation Software for the Rapidly Growing Cannabis Market\nPR Newswire\nSACRAMENTO, Calif., Dec. 6, 2017\n\n\n\nSACRAMENTO, Calif., Dec. 6, 2017 /PRNewswire/ -- Smart Cannabis Corp (OTC PINK: SCNA) and SinglePoint, Inc. (OTC: SING) have signed a letter of intent to formalize a multi-faceted joint venture and co-marketing relationship for the cannabis market bringing cyber currency payment solutions together with our SMARTAPP automation software product, and soon-to-be-released \"Track and Trace Software System,\" which will be a natural add-on extension to SinglePoint's current payment processing system.\n\n\n \n \n\n \nThe SMARTAPP is currently installed and functional in our testing facility as it undergoes final approvals from the iTunes store. It is slated to roll-out to fifteen of our recent installs in January 2018. Controlling the growing environment is a technique that is estimated to generate over $21B annually in the U.S. as data is critical in helping growers reduce costs and increase revenues per Agrilyst. The companies announced that they intend to work together to extend cyber currency transactions so that clients can buy Smart Cannabis automated greenhouses and pay subscription fees for the company's SMARTAPP which uses IoT (Internet of Things) to measure scientific factors affecting optimal growth of cannabis. SinglePoint is working intimately with Smart Cannabis Corp 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\nJohn Taylor, President of Smart Cannabis Corp, stated, \"SinglePoint is an ideal partner for us to expand our b...