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Saturday, November 26, 2022

OSL Holdings Inc (OTCMKTS:OSLH) Making Moves

OSL Holdings Inc (OTCMKTS:OSLH) is making a highly explosive move up out of sub penny land in recent days. The run is marked by massive accumulation and huge support as OSLH transforms from illiquid to one of the top traded stocks on the entire exchange.

When a pot stock like OSLH starts doing big numbers in March investors need to pay attention; everyone remembers the spectacular run OLSH made just about this time last year when it skyrocketed from sub pennies to well over $0.25.

OSL Holdings Inc (OTCMKTS:OSLH) is a pot stock; they describe themselves as a technology Company that operates two divisions: Cannabis OSL and Equality Rewards. Cannabis OSL is a development platform centered on the development and financing of legal medical and recreational marijuana production facilities, marijuana related technologies and merchandise and operational services for legal medical and recreational marijuana dispensaries nd distributors.

OSLH Equality Rewards is a real-time loyalty rewards platform that the Company is developing . It can facilitate the earning and redemption of rewards currency at the point of the transaction (online, mobile, at retail) as well as on future transactions.

On October 22 OSLH announced the acquisition of Go Green Hydroponics, Inc. a privately held hydroponics, indoor gardening and cultivation supply retail operation, located in Los Angeles, California, specializing in the sale of hydroponic cultivation equipment, mineral nutrient solutions and gardening resources and equipment. Go Green Hydroponics achieved revenues of approximately $2.4 million in the first nine months of 2014 and is expected to reach revenues of approximately $3.0 million in fiscal 2014 with expected future annual revenue increases at a rate of 10% to 15% with expected gross profit margins of approximately 25% to 30%.

OSL acquired Go Green Hydroponics for $1.8 million subject to certain post-closing adjustments based on a target working capital amount. OSL also closed on a debt financing transaction in the amount of $1.9 million, the proceeds of which were used to fund the Go Green Hydroponics acquisition and for OSL working capital.

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OSLH CEO Bob Rothenberg said ”We are very excited about the acquisition of Go Green Hydroponics. Go Green is one of the most highly regarded brands in the vertical, continues to be a profitable business enjoying tremendous growth in the Los Angeles market.” Steve Gormley, OSL’s Chief Business Development Officer said, “This acquisition advances OSL’s mission and commitment to our Medical Services Division. OSL continues to support civil liberties through the power of commerce.”

OSL Medical Services is a management, future planning and services platform centered on the development and financing of indoor gardens and cultivation facilities, production technologies, merchandise and operational services for businesses in the herbal and natural medicine industry. OSL Medical Services is designed to support its clients with branding, technology, marketing, logistics, and future planning services on a state-by-state basis throughout the United States.

On March 24 OSLH announced the BOD and Executive Management Team have decided not to exercise its authority to execute a reverse stock split. Bob Rothenberg, OSL’s CEO said: “Due to market conditions and the need to focus on the continued growth of Go Green Hydroponics, our most recent acquisition, the Board and Executive Management Team have decided not to move forward with a reverse stock split. We continue to focus on the growth of our revenues and the execution of our accretive acquisition strategy.” Steve Gormley, OSL’s Chief Business Development Officer said, “We remain committed to growing our business and shareholder value through increasing revenues, strategic partnership and acquisition.”

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Currently exploding out of sub penny stock land OSLH has little assets or revenues and growing short term debt. But this is an exciting story developing in small caps with a history of spectacular moves and a fast growing and loyal shareholder base that swears this one goes higher. We will be updating on OSLH when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with OSLH.

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Disclosure: we hold no position in OSLH either long or short and we have not been compensated for this article.

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