Posted On: 05/29/2014 8:48:41 PM
Post# of 768
OSLH is purchasing the assets of a licensed mmj dispensary located on Melrose Ave, L.A. from The Natural Way of L.A. The latter has a shop on Pico Blvd.
http://www.thelaway.com/index2.html
Thus, one could surmise that the The Natural Way of L.A. owns the Melrose facility of a different name not identified in the filings or PR. Nor is the exact Melrose Ave. address identified.
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OSL Holdings Executes Letter of Intent for Asset Purchase of Los Angeles Dispensary on Melrose Avenue
ORANGEBURG, N.Y., May 22, 2014 /PRNewswire/ -- OSL HOLDINGS (OTCQB: OSLH) ("OSL" or 'the Company'), a growth-stage public company in the business of acquiring and optimizing key aspects of the legal cannabis industry and loyalty rewards programs, today announced that it has executed a letter of intent to acquire the assets of licensed medical marijuana dispensary on Melrose Avenue in Los Angeles, adding to its existing asset base in the California region.
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OSL Holdings Acquires Los Angeles Medical Cannabis Dispensary Intellectual Property Assets and Retail Infrastructure
Acquisition Includes Brands, Operations Management Software, Retail Infrastructure; OSL Receives Exclusive Future Option to Acquire Remaining Assets
ORANGEBURG, NEW YORK – OSL HOLDINGS (OTCQB: OSLH) (“OSL” or “the Company”), a growth-stage public company in the business of servicing and technology development for the emerging legal cannabis industry, today announced that has executed a definitive agreement to acquire the assets of a Los Angeles medical cannabis dispensary. Under the terms of the agreement, the acquired assets are valued at approximately $675,000, which includes intellectual and physical property, equipment leases, and software, to be paid in a combination of cash and stock at OSL’s discretion. In addition, OSL has the option to acquire additional assets at such time as the law and applicable regulations permit a public company to own these additional such assets and conduct such operations, OSL may exercise its contractual right to acquire all remaining assets and operations at any time.
http://www.thelaway.com/index2.html
Thus, one could surmise that the The Natural Way of L.A. owns the Melrose facility of a different name not identified in the filings or PR. Nor is the exact Melrose Ave. address identified.
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OSL Holdings Executes Letter of Intent for Asset Purchase of Los Angeles Dispensary on Melrose Avenue
ORANGEBURG, N.Y., May 22, 2014 /PRNewswire/ -- OSL HOLDINGS (OTCQB: OSLH) ("OSL" or 'the Company'), a growth-stage public company in the business of acquiring and optimizing key aspects of the legal cannabis industry and loyalty rewards programs, today announced that it has executed a letter of intent to acquire the assets of licensed medical marijuana dispensary on Melrose Avenue in Los Angeles, adding to its existing asset base in the California region.
###
OSL Holdings Acquires Los Angeles Medical Cannabis Dispensary Intellectual Property Assets and Retail Infrastructure
Acquisition Includes Brands, Operations Management Software, Retail Infrastructure; OSL Receives Exclusive Future Option to Acquire Remaining Assets
ORANGEBURG, NEW YORK – OSL HOLDINGS (OTCQB: OSLH) (“OSL” or “the Company”), a growth-stage public company in the business of servicing and technology development for the emerging legal cannabis industry, today announced that has executed a definitive agreement to acquire the assets of a Los Angeles medical cannabis dispensary. Under the terms of the agreement, the acquired assets are valued at approximately $675,000, which includes intellectual and physical property, equipment leases, and software, to be paid in a combination of cash and stock at OSL’s discretion. In addition, OSL has the option to acquire additional assets at such time as the law and applicable regulations permit a public company to own these additional such assets and conduct such operations, OSL may exercise its contractual right to acquire all remaining assets and operations at any time.
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