OSL Holdings (OTCQB: OSLH) announced today its entry into the legal marijuana market. OSL Holdings has contracted with one of the oldest legal medical marijuana dispensaries in California, The Natural Way of LA, to develop marijuana production facilities in California. OSL intends to form a separate subsidiary to create production facilities in states that presently have legal medical marijuana dispensaries and also position itself to accommodate the growing recreational markets in Colorado and Washington and elsewhere as legal recreational markets emerge. OSL intends to spin off that subsidiary to its existing shareholders after complying with necessary SEC filings and procedures.
In addition, The Natural Way of LA has executed a marketing agreement with the Equality Rewards division of OSL committing to participate in Equality Rewards.
Steve Gormley, President of Equality Rewards, said, "We are excited to extend Equality Rewards into the legal medical marijuana market in California. We look forward to participating in the "Green Rush" that is sweeping the nation and are positioned to support the legal recreational markets as they emerge."
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