BOCA RATON , FL / ACCESSWIRE / December 11, 2014 / The Association of Responsible Cannabis Public Companies, Inc. (the ARCPC), today announced the admittance of the organization's first three members, American Cannabis Company, Inc. (OTCQB:AMMJ), CannLabs, Inc. (OTCQB:CANL) and Heliospectra, Inc. (OTCQB:HLSPY). The ARCPC is a non-profit 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.
ARCPC Executive Director Alan T. Hawkins said, "I am proud to announce the addition of our first three members to the ARCPC. These companies have displayed a clear desire to lead their industry in reporting transparency and compliance practices that promote sound business ethics."
American Cannabis Company CEO Corey Hollister stated, "Our company is pleased to be an initial member of the ARCPC. We recognize that our corporate values sync with ARCPC's mission and, by joining the ARCPC we hope to benefit all our shareholders and show the public that the cannabis industry has a strong segment of solid, responsible companies."
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, found at http://arcpc.co/membership-information/.
ARCPC board member Frank Lane, of CannabisFN, commented, "This is a crucial period for publicly-traded cannabis industry companies. While the industry develops through its incipient phase, it is essential that the investment community develops confidence in its formation. The ARCPC hopes to shine the light of day on the marijuana index and validate this growth industry as a legitimate investment option. The ultimate objective of the ARCPC is to establish the credibility of participating companies in this sector and allow a greater degree of investor and regulatory confidence in those companies who choose the high road in regards to compliance and transparency."
Alan Thomas Hawkins
ARCPC Executive Director
SOURCE: Association of Responsible Cannabis Public Companies, Inc.