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OSL Holdings Inc (OTCMKTS:OSLH) rushed to make record gains during the trading session after expressing its interest in forming a joint venture and licensing agreement with Cheryl Shuman. Shuman is often referred to as ‘Cannabis Queen of Beverly Hills”. The combination between the company and that of Shuman will be interesting given the common interests that exist in between the two.

Joint venture

At one place, OSL Holdings Inc (OTCMKTS:OSLH) is committed to social activism, progress of civil liberties and socially conscious business model. On the other hand, Shuman is known as a news personality, marijuana marketing guru and legalization advocate as well as a cannabis industry entrepreneur. If OSL Holdings Inc (OTCMKTS:OSLH) succeeds in its endeavor then the agreement will include a licensing deal with Beverly Hills Cannabis Club and Canna Dabba Doo, which are luxury cannabis service brand and crowd funding platform respectively.

OSL Holdings Inc (OTCMKTS:OSLH)’s CEO Steve Gormley said that Shuman will bring great value to the company. He added that Shuman is a pioneer in the cannabis industry and is equipped with tremendous resources and assets. Meanwhile, Shuman also expressed her excitement over the prospect of combining with the company. She said that OSL Holdings Inc (OTCMKTS:OSLH) has the right mix of professionals and services. She is confident that the venture will be a big success going forward.

Shuman’s popularity

It is noteworthy that Shuman has earned several recognitions from a number of renowned print media. She is not only a founder of the Beverly Hills Cannabis Club (BHCClub.com), but is also a CEO of Cheyl Shuman Inc. She recently appeared on the cover page of Adweek and was named ‘Pot’s First Marketer.’ Elle Magazine has named Shuman as the ‘Most Powerful Women In The Pot Industry’. In an interview with ‘The Times’, Shuman claimed that she won her life back from cancer through the use of cannabis. Shuman maintains her own marijuana farm and hosts parties for a number of Hollywood top celebrities.

The stock of OSL Holdings Inc (OTCMKTS:OSLH) soared by 30% to $0.00910, while 20.26 million shares exchanged hands during the last trading session.

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Steve Kanaval
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.