With each passing day, OSL Holdings Inc (OTCMKTS:OSLH) is touching a new milestone, be it volume of shares traded or jump in price. Wednesday went no different, when the stock jumped up by nearly 29% to reach $0.0117. Also, as many as 23.28 million shares traded on the exchange, which is a pretty remarkable event for a stock on the OTC exchange.
Shuman’s fame in marijuana industry
It could be said that OSL Holdings Inc (OTCMKTS:OSLH) has rightly garnered the attention of one and all through its most recent announcement, where it talked about partnering with Cheryl Shuman, who is one of the most popular name in the cannabis industry. Shuman is considered as a celebrity in the marijuana world, who claims to have survived cancer entirely through use of the drug.
The company also intends to enter into a licensing agreement with Shuman owned Beverly Hills Cannabis Club and Canna Dabba Doo. While the former is a luxury cannabis service brand, the latter is cannabis crowd funding platform. The company reasoned that the joint venture appears attractive, given the common interests of both Shuman and the company.
Some problems on the bay
As soon as OSL Holdings Inc (OTCMKTS:OSLH) released the press note, the media and message boards were flooded with the incredible prospects surrounding the two company. Significantly, Shuman’s Twitter profile too showed several tweets and re-tweets pertaining to OSL Holdings Inc (OTCMKTS:OSLH). Under all these developments, the past track record of the company is almost missed.
The company has some concerns with respect to its dilution of shares and debt structure. Hence, a clear picture will come only after the dilution of the company comes to an end. Till then, the company is freely enjoying the attention from its potential partnership with Shuman, who is also known as ‘ Cannabis Queen Of Beverly Hills’.