LAS VEGAS, NV / ACCESSWIRE / June 18,
2019 / CLS Holdings USA Inc. (CLSH) (CSE:CLSH.CN) "CLS", a diversified cannabis
company operating as Cannabis Life Sciences, is pleased to announce
that it's acquisition target 'In Good Health' has entered into a
Host Community Agreement with the Town of Sandwich, Massachusetts,
on June 13th, 2019.
In Good Health wishes to locate a Registered
Marijuana Dispensary (RMD) for the retail dispensing of medical
marijuana products in the Town of Sandwich, the oldest town on Cape
Cod. The dispensary should benefit the Town and its citizens
through increased economic development, additional employment and a
strengthened local tax base. In Good Health must still receive a
Certificate of Registration from the Cannabis Control Commission
(CCC), or such other state licensing or monitoring authority, and
local permits and approvals from the Town. The Town of Sandwich
agrees to submit to the CCC, or such other state licensing or
monitoring authority, the required Letter of Support or
Non-Opposition relating to the Company's application for a
Certificate of Registration to operate the Facility.
David Noble, President of In Good Health, states,
"We are truly appreciative of the opportunity to open a retail
facility in Sandwich and are grateful for the support we received
from the town. IGH looks forward to providing its hallmark of
outstanding customer service and medicine to the Town of Sandwich
and surrounding areas."
Sandwich is a town in Barnstable County,
Massachusetts, the oldest town on Cape Cod, turning 375 years old
in 2014. The town motto is Post tot Naufracia Portus, "after so
many shipwrecks, a haven."
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 "Cannabis Life Sciences," 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.
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. These forward-looking
statements include, but are not limited to, statements relating to
whether and when certain transactions will be completed, including
the proposed In Good Health acquisition. 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, including, but not limited to, the risk that the
conditions precedent contained in the Agreement for the acquisition
of In Good Health are not satisfied. 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 additional details.
Chairman and CEO
Adelaide Capital Markets
SOURCE: CLS Holdings USA
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