CannLabs Announces Inclusion on the Benzinga 420 Marijuana Index
02 July 2014 - 10:25PM
Marketwired
CannLabs Announces Inclusion on the Benzinga 420 Marijuana Index
DENVER, CO--(Marketwired - Jul 2, 2014) - CannLabs, Inc.,
(OTCQB: SDSPD) announced today its inclusion on the Benzinga 420
Marijuana Index, which tracks changes and growth in the industry's
publicly traded stocks, as of June 30th, 2014.
"Our spot on the Index further validates our recent move to the
public markets, and our place in the rapidly growing cannabis
industry," said Genifer Murray CEO of CannLabs. "We hope this
inclusion will contribute to our liquidity and create awareness
among new investors."
The Benzinga 420 Marijuana Index, launched earlier this year,
began with a value of 100 at year-end 2012, ended 2013 at 159,
peaked at 1010 in March and is currently just above the recent 360
post-peak low. Each quarter, the index is rebalanced and updated to
include names that qualify. The number of companies will increase
from 27 as of 3/31 to 45 as of 6/30. Inclusion is based on a number
of factors, such as trading volume, market cap and perception of
being focused on cannabis. For 2013, there were only 8 stocks in
the index. More information about the Index can be found at:
http://www.benzinga.com/index/$BZMJ
ABOUT CANNLABS
CannLabs, Inc., is a solutions provider with intellectual
property, proprietary cloud-based analytics and scientific methods
to serve the cannabis industry. Through Carbon Bond Holdings Inc.,
CannLabs provides laboratories with the necessary business
intelligence technology and other solutions required to serve the
cannabis industry, and these include the first state-licensed
laboratory in Denver, Colorado.
CannLabs enables growers, dispensaries and edible makers to
implement best practices while furthering product advancements. In
addition, the CannLabs website allows consumers to easily locate
certified tested products to meet their specific needs.
CannLabs has been at the forefront of educating the public, in
addition to state and local governments as more states legalize
marijuana for various uses. The Company provides client education
around safe cultivation, identifying contamination problems,
consulting on legal cases and the reformulation of cannabis
products, throughout the U.S. and Canada.
The Company plans to license their solutions to new labs and
other cannabis companies in states and provinces as legislation and
testing mandates for legalization are approved. This will allow the
Company to further scale its data analytics and consulting business
across a broader geographic area. In addition, the CannLabs team
will focus on research and development which will further drive
value for their customers and provide incremental revenue
opportunity.
For more information visit www.cannlabs.com.
Safe Harbor Statement All statements herein other than
statements of historical facts are forward-looking statements
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. These statements are
based upon our current expectations and speak only as of the date
hereof. Such statements are not guarantees of future performance
and are subject to known and unknown risks and uncertainties that
could cause our actual results to differ materially from those
expressed or implied in such forward-looking statements. Such
factors include, but are not limited to, our ability to raise
additional capital, our limited operating history and revenue, our
ability to attract and retain qualified personnel, our ability to
develop new services, market acceptance of our services,
legislative, regulatory and competitive developments in our
industry, general economic conditions, as well as other factors set
forth in our filings with the SEC.
CONTACT: Company Robert Farrell Vice President of Marketing
855-842-6936 robert.farrell@cannlabs.com www.cannlabs.com Investor
Relations Matt Hayden Chairman - MZ North America 949-259-4986
matt.hayden@mzgroup.us www.mzgroup.us
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