CHICAGO, Aug. 4, 2015 /Weed Wire/ — The Marijuana Index today announced approval for CLS Holdings USA, Inc. (OTCQB: CLSH) to be added to the Global index and U.S. Reporting Index. The addition of CLSH is to be effective August 3, 2015.
The Marijuana Index is the leading equity-tracking index featuring public companies involved in the legalized marijuana and hemp sector. The Marijuana Index provides the most robust data set in the legal marijuana industry with a perpetually expanding assemblage of information available to brokers, analysts, investors and media.
“We are encouraged at the prospect of adding yet another fully reporting company to our index, as the public markets in the cannabis industry continue to evolve we feel that transparency is of the utmost importance,” said David Friedman, CEO of MJIC Media, LLC, which owns The Marijuana Index. “Investors deserve unparalleled information on publicly traded cannabis stocks and we will continually strive to provide coverage of CLS Holdings USA as a means of advancing the industry’s market intelligence.”
“We are excited about the developments of our company, including the construction of an operational facility with our licensing partner in Colorado, which is expected to be open in the first quarter of 2016. Being included in the index, particularly in the U.S. Reporting index helps highlight our commitment to transparency enabling our company to showcase the progress we make while contributing to the responsible growth of our industry,” said Jeff Binder, Chairman, President and CEO of CLS Holdings USA. “The index is a great tool to keep track of the progress of specific public cannabis companies. We believe 2016 will be a year in which we differentiate ourselves, further validate our proprietary technology, methods and processes in the legalized cannabis industry and drive revenue growth.”
About The MJIC Marijuana Index
The MJIC Marijuana Index is the first and only Marijuana Sector Benchmark Index Series, measuring the combined performance of globally listed marijuana stocks. The Index series is calculated by using (Equal-Weight), providing a fair and balanced benchmark calculation methodology, for diverse stocks covered. The index provides existing and prospective investors with a targeted and centralized view of these pioneering securities which are positioned within a multi-billion dollar growth industry. Information and articles are shared from around the web on the business of marijuana as it unfolds throughout the United States and the world. The mission of The Marijuana Index is to become the centralized hub of communication between marijuana, cannabis, and hemp companies and the investment marketplace following the industry.
The Marijuana Index is the leading benchmark for tracking U.S. listed marijuana stocks as the first marijuana equity index of its kind.
About CLS Holdings USA, Inc.
CLS Holdings USA, Inc. is a diversified cannabis company, specializing in the extraction and conversion of cannabinoids. CLS stands for “Cannabis Life Sciences”, as it maintains a proprietary method of extracting various cannabinoids from the marijuana plant and converting them into higher quality and quantity. CLS Holdings USA business model includes licensing operations, processing revenue, processing facilities, sale of products and brand creation and consulting services.
For more information, check out: http://www.clsholdingsinc.com
Forward-Looking Statements. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project,” “prospects,” “outlook,” and similar words or expressions, or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could” are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company’s forward-looking statements, please see the Company’s Form 8-K filed on April 30, 2015, including but not limited to the discussion under “Risk Factors” therein, which the Company has filed with the SEC and which may be viewed at http://www.sec.gov.
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MJIC Media, LLC