OSL Holdings Inc (OTCMKTS:OSLH) is making a strong move up after a brief dip under a penny. The stock recently made an explosive move up out of sub penny land to highs near $0.03 a share.
The Company recently announced a joint venture and licensing agreement with Cheryl Shuman, the cannabis queen of Beverly Hills which has resulted in a parabolic stock price as Cheryl takes to twitter and Facebook alerting her large followings to OLSH.
OSL Holdings Inc (OTCMKTS:OSLH) is a development and technology company, specializing in affluent, liberal and libertarian markets with high disposal income, with a mission to advance civil liberties through the power of commerce.
The Company currently operates Go Green Hydroponics, a hydroponics and indoor gardening and cultivation retail enterprise, specializing in the sale of over 1,000 products including hydroponic cultivation equipment, mineral nutrient solutions and gardening resources and equipment.
On April 3 OSLH announced a joint venture and licensing agreement with Cheryl Shuman, news personality, marijuana legalization advocate, marijuana PR/marketing guru and cannabis industry entrepreneur.
The agreement will include a licensing deal with Beverly Hills Cannabis Club, a luxury cannabis industry service brand and Canna Dabba Doo, a crowd funding solution for the cannabis industry.
Bob Rothenberg, OSL’s CEO said, “We are excited to partner with Cheryl Shuman. She is a leading figure in the legal cannabis industry and will bring great value to OSL.” Steve Gormley, OSL’s Chief Business Development Officer said, “Cheryl is a true pioneer in the legal marijuana industry. She brings tremendous resources and assets to the table and we’re elated to be working with her.” Cheryl Shuman said, “Finding the right team is the secret to success. Our joint venture with OSL allows us to bring all of our intellectual property to life with a dream team of professionals.”
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Cheryl Shuman has been busy spreading the word on OSLH to her sizeable social media following. On Facebook she said ”Did you hear the news? Cheryl Shuman (little old me) has signed an LOI for a “Joint Venture” With $OSLH (Stock Symbol) It was a huge day for us! After waiting for three years to find the right company. I will be taking all of my intellectual property and bring it to life. We will be documenting the success of these ventures for television smile emoticon Super excited!
She got got back on Twitter recently:
— City of Angels Investors (@CherylShuman) May 5, 2015
— City of Angels Investors (@CherylShuman) May 4, 2015
Also important to note on OSLH; 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 trading at a $8.7 million market valuation OSLH has little assets or revenues and growing short term debt. But this is an exciting story developing in small caps; the BOD has nixed the RS, Cheryl Shuman, the cannabis queen of Beverly Hills is getting busy telling the world about OLSH and the stock has quickly attracted a 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.