Sales Increased 60% from Prior Year's
Sales of Alternative Solutions
LAS VEGAS, NV / ACCESSWIRE / May 14, 2019
/ CLS Holdings USA, Inc. (CLSH)
(CLSH.CN), the ''Company'' or ''CLS'', a
diversified cannabis company operating as Cannabis Life Sciences,
today highlighted its financial and operational results for the
month of April, 2019 with record revenue of $1,141,574.50 USD.
Results are compared to those of Alternative Solutions, LLC, the
entity CLS acquired in June 2018 that operates Oasis and City
As previously announced, the Oasis Cannabis
Dispensary completed a renovation along with vibrant new signage in
March 2019 and the results to date have been outstanding. Oasis is
able to process many more daily orders with greater efficiency.
City Trees continues to gain market share and now
services 78% of total dispensaries in Nevada.
The City of Las Vegas recently approved Social
Use Venues aka Consumption Lounges. In anticipation of this
approval, the Company leases 5000 square feet of space in front of
its existing dispensary. The Company believes as a result of this
that it is in a unique position to capitalize on another
significant revenue stream.
"Many of the initiatives management has put in
place since the beginning of 2019 are starting to show significant
results. The team in Las Vegas is functioning at a high level and
although we are less than halfway through May we continue to see
improved results in all categories. The combined operating
divisions are operating profitably, and we will continue to work
hard improving results with a focus on providing exceptional
customer service to all our highly valued customers." said Andrew
Glashow, President and COO of the Company.
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.
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 ''Best Dispensary for Pot Pros'' by Desert Companion
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 of the 60 licensed dispensaries in
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 additional details.
Chairman and CEO
Adelaide Capital Markets
SOURCE: CLS Holdings USA,
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