LAS VEGAS, NV, June 25, 2019 (GLOBE NEWSWIRE) --
via NEWMEDIAWIRE -- Canaccord Genuity, the largest independent
investment dealer in Canada, has released a company update research
report on CLS Holdings USA, Inc. (CLSH)
(CLSH.CN). The report was published on
June 20, 2019 and was written by Bobby Burleson, Analyst, and
Jonathan DeCourcey, Associate.
About Canaccord Genuity
Canaccord Genuity Group Inc. is a global, full-service investment
banking and financial services company that specializes in wealth
management and brokerage in the capital markets. It is the largest
independent investment dealer in Canada. The firm
focuses on growth companies, with operations in 10 countries
worldwide and the ability to list companies on 10 stock exchanges.
Canaccord Genuity, the international capital markets division, is
based in Canada, with offices in the US, the
UK, France, Germany, Ireland, Hong Kong,
China, Singapore, Australia and Barbados. In
2018, Canaccord raised $34.5bn for global growth
companies and issued 455 financings worldwide.
About CLS Holdings USA, Inc.
CLS Holdings USA, Inc. (CLSH) is a diversified
cannabis company that acts as an integrated cannabis producer and
retailer through its Oasis Cannabis subsidiaries in Nevada and
plans to expand to other states. CLS stands for âCannabis Life
Sciences,â in recognition of the Company's patented proprietary
method of extracting various cannabinoids from the marijuana plant
and converting them into products with a higher level of quality
and consistency. The Company's business model includes licensing
operations, processing operations, processing facilities, sale of
products, brand creation and consulting services.
About Oasis Cannabis
Oasis Cannabis has operated a cannabis dispensary
in the Las Vegas market since dispensaries first opened in Nevada
in 2015 and has been recognized as one of the top marijuana
retailers in the state. Its location within walking distance to the
Las Vegas Strip and Downtown Las Vegas in combination with its
delivery service to residents allows it to efficiently serve both
locals and tourists in the Las Vegas area. In February 2019, it was
named âBest Dispensary for Pot Prosâ by Desert Companion Magazine.
In August 2017, the company commenced wholesale offerings of
cannabis in Nevada with the launch of its City Trees brand of
cannabis concentrates and cannabis-infused products.
About City Trees
Founded in 2017, City Trees is a Nevada based
cannabis cultivation, production and distribution company. Offering
a wide variety of products with consistent results, City Trees is
one the fastest growing wholesale companies in the industry. Its
products are now available at 44 dispensaries.
Forward Looking Statements
This press release contains certain
''forward-looking information'' within the meaning of applicable
Canadian securities legislation and ''forward-looking statements''
as that term is defined in the Private Securities Litigation Reform
Act of 1995 (collectively, the ''forward-looking statements'').
These statements relate to anticipated future events, future
results of operations or future financial performance, and
anticipated growth. In some cases, you can identify forward looking
statements by terminology such as ''may,'' ''might,'' ''will,''
''should,'' ''intends,'' ''expects,'' ''plans,'' ''goals,''
''projects,'' ''anticipates,'' ''believes,'' ''estimates,''
''predicts,'' ''potential,'' or ''continue'' or the negative of
these terms or other comparable terminology. These forward-looking
statements are only predictions, are uncertain and involve
substantial known and unknown risks, uncertainties and other
factors which may cause our actual results, levels of activity or
performance to be materially different from any future results,
levels of activity or performance expressed or implied by these
forward-looking statements. We cannot guarantee future
results, levels of activity or performance and we cannot guaranty
that the proposed transactions described in this press release will
occur. You should not place undue reliance on these forward-looking
statements, which speak only as of the date that they were made.
These cautionary statements should be considered together with any
written or oral forward-looking statements that we may issue in the
future. Except as required by applicable law, we do not intend to
update any of the forward-looking statements to conform these
statements to reflect actual results, later events or circumstances
or to reflect the occurrence of unanticipated events. See CLS
Holdings USA filings with the SEC and on its SEDAR profile
at www.sedar.com for
Chairman and CEO