LAS VEGAS, NV, April 10, 2019 (GLOBE NEWSWIRE) --
via NEWMEDIAWIRE -- Oasis Cannabis, a premier 24-hour dispensary
near the Strip and Downtown Las Vegas, is pleased to announce the
results of its grand reopening weekend; the biggest three days in
company history. Fully owned and operated by CLS Holdings USA, Inc.
(CLSH) (CLSH-U.CN), Oasis Cannabis had over 2,000
visitors and processed over 1,750 orders in the 3 days, with an
average sale of USD $50.00 and a gross margin of 46%.
Oasis Cannabis is focused on providing
empowerment through education, compassionate care through attentive
service, and community enrichment through the diverse community
programs they offer. While the live art and music, food trucks, and
excitement was consistent throughout the weekend, what stood out
the most is the bond and relationship that the staff have with the
customers. Many repeat customers showed up to support, as well as
many new faces, and all were welcomed and treated with the upmost
respect and attention.
Andrew Glashow, President and COO of CLS Holdings
USA, Inc., states, âI sincerely wish to thank the team at Oasis
Cannabis for consistently delivering superior service and
knowledge. To our customers, we appreciate you, and look forward to
a long relationship.â
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
About CLS Holdings USA, Inc.
CLS Holdings USA, Inc. (CLSH) (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
âforward-looking informationâ within the meaning of applicable
Canadian securities legislation and âforward-looking statementsâ as
that term is defined in the Private Securities Litigation Reform
Act of 1995 (collectively, the âforward-looking statementsâ). These
statements relate to anticipated future events, future results of
operations or future financial performance. 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