OSL Holdings, Inc. (OTCMKTS:OSLH) Adds Strong Gains on PR

OSL Holdings, Inc. (OTCMKTS:OSLH) is ideally equipped to make the trek to the new and hot business model- medical marijuana. As a holding company, it has every excuse to announce acquisitions, or plans of acquisitions- and thus transform itself into a desirable selection for investors. OSLH rose on the wings of a promotion and PR, adding more than 41% on Wednesday, to reach $0.1839, on dollar volumes above $2.1 million.

On Monday, the OSLH price had already moved ahead of the news, as promoters came in. And the additional growth followed a press release a while later, mentioning the intentions of the company to enter the legal marijuana business. OSLH had promotional attention in the summer months, but this did not bring it away from its general downward trend as the stock deflated in the past two years. Now, there is a chance at a dramatic bounce on lively trading.

Despite the promises and the potential to buyout attractive businesses, OSLH is showing great gaps in its financial results:

• cash: $1085

• total assets: $3085

• total current liabilities: $4.7 million

• revenues: $0

• net loss: $101 thousand

Despite the problems, OSLH managed a feat that is more typical of sub-penny stocks, jumping more than 140% in a day, to reach the current respectable price levels. The further growth came after OSLH announced it would partner up with The Natural Way of LA, an already known marijuana dispensary, though one that received rather negative reviews on Yelp!, as an overpriced shop. Still, it is expected that OSLH would create a subsidiary that should try to benefit from the legalization options in Colorado and Washington.

In this venture, OSLH will resemble Latteno Foods, Corp. (OTCMKTS:LATF), which started off as a holding and now expects to receive a license for a Colorado-based dispensary. LATF is a part of the Marijuana index, however, the stock has often been depressed as soon as it adds to its price, and so far it has not managed to venture out of the sub-penny positions. LATF is being traded actively, and bouts of enthusiasm are offset by profit-taking. Still, the ticker is attractive for its runs upward from time to time, even doubling in price, so LATF remains a pot stock staple.

Another recent climber, Enertopia, Inc. (OTCMKTS:ENRT), a company aimed at the Canadian legal marijuana market, finally switched to red after a long period of optimistic buying. ENRT is also a rather known pot stock, but the recent promotion that brought it up to $0.59 might have helped the ticker overshoot its natural position. For now, the downward move was limited, but the peak price remains shaky.