ARCPC Looks to Bring Accountability to Cannabis
December 12th, 2014
News, Top Story
The Association of Responsible Cannabis Public Companies (“ARCPC”) recently announced the admittance of the organization’s first three members, including American Cannabis Company, Inc. (OTCQB:AMMJ), CannLabs, Inc. (OTCQB:CANL) and Heliospectra, Inc. (OTCQB:HLSPY). By bringing accountability to the industry, the association hopes to instill confidence in the investment community.
“I am proud to announce the addition of our first three members to the ARCPC,” said ARCPC Executive Director Alan T. Hawkins. “These companies have displayed a clear desire to lead their industry in reporting transparency and compliance practices that promote sound business ethics.”
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.
“This is a crucial period for publicly-traded cannabis industry companies,” said ARCPC board member Frank Lane, of CannabisFN. “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.”
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 on its website.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
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