Market Overview

CannLabs Joins The Association of Responsible Cannabis Public Companies, Inc.


CannLabs becomes a Founding Member of ARCPC

Denver, Colorado (PRWEB) December 18, 2014

CannLabs, Inc. (OTCQB: CANL,) the leading provider of proprietary, cloud-based analytics and scientific testing methodologies relating to cannabis, announced today it has joined the Association of Responsible Cannabis Public Companies, Inc. (the ARCPC), as one of the organization's first three members, CannLabs, Inc. (OTCQB: CANL), American Cannabis Company, Inc., and Heliospectra, Inc. The ARCPC is a non-profit Self Regulatory Organization (SRO) recently established to help publicly traded, SEC reporting cannabis-industry companies demonstrate high standards in terms of corporate governance and investor accountability. The ARCPC's members adhere to its formal guidelines and best practices.

Mark Mirken, Chief Executive Officer, CannLabs Inc. stated, "We are pleased that CannLabs has been selected as a founding member of the ARCPC. This is a critical juncture for our industry. As a publicly-traded enterprise dedicated to the legal and regulated cannabis industry, we recognize that it is crucial for our industry's future to develop and support organizations that promote transparency and good corporate citizenship. CannLabs is fully committed to the ideals and standards of the ARCPC, and invites our colleagues within the industry to join the ARCPC in its efforts to improve the quality of the cannabis index."

The ARCPC Board of Directors is made up of prominent Wall Street and cannabis-industry professionals, including Douglas Leighton of Dutchess Capital, Emily Paxhia of Poseidon Asset Management, Alan Brochstein of 420 Investor, and Frank Lane of CannabisFN. Membership is open to all publicly traded cannabis-centric businesses that qualify under the ARCPC's Code of Practice.

CannLabs, Inc., is a respected authority and advisor to commercial, governmental and educational entities focused on the Cannabis industry. The company leverages its propriety scientific, testing processes, cloud-based business intelligence and data/analytics as well as consulting services to garner revenues from legalized Cannabis states and their constituents.

Through Carbon Bond Holdings Inc. and the state certified labs it has relationships with, CannLabs delivers best practices around products, services and business intelligence focused on the Cannabis industry.

CannLabs customers include states that currently have legalized medical or recreational Cannabis along with their associated growers, dispensaries, manufacturers of edibles, and residential consumers seeking information on cannabis.

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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.

William Livermore
Public Relations

Investor Relations
Matthew Selinger
Senior Vice President – MZ North America

SOURCE: CannLabs, Inc.

For the original version on PRWeb visit:

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