Sales Enhanced 60% from Prior Year’s Sales of Option Options
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 Trees." data-reactid="12">LAS VEGAS, NV / ACCESSWIRE / Could 14, 2019 / CLS Holdings USA, Inc. (CLSH) (CLSH.CN), the ”Company” or ”CLS”, a diversified cannabis business operating as Cannabis Life Sciences, currently highlighted its economic and operational final results for the month of April, 2019 with record income of $1,141,574.50 USD. Outcomes are compared to these of Option Options, LLC, the entity CLS acquired in June 2018 that operates Oasis and City Trees.
- CLS Holdings’ Oasis dispensary saw record April 2019 income of $652,500, an improve of 56% from April 2018
- The dispensary serviced a record 15,040 shoppers in the month
- City Trees, the Company’s branded item division, saw a income improve from $236,456 in April 2018 to $489,074 in April 2019, a 52% improve.
- Gross margin improved from the 37% gross margin of Option Options in 2018 to 44% for the Organization in 2019
- City Trees improved its buyer base from 17 in April 2018 to 32 in April 2019 a 47% improve
As previously announced, the Oasis Cannabis Dispensary completed a renovation along with vibrant new signage in March 2019 and the final results to date have been outstanding. Oasis is in a position to approach a lot of a lot more day-to-day orders with higher efficiency.
City Trees continues to obtain industry share and now solutions 78% of total dispensaries in Nevada.
The City of Las Vegas lately authorized Social Use Venues aka Consumption Lounges. In anticipation of this approval, the Organization leases 5000 square feet of space in front of its current dispensary. The Organization believes as a outcome of this that it is in a exceptional position to capitalize on one more important income stream.
“Numerous of the initiatives management has place in location considering the fact that the starting of 2019 are beginning to show important final results. The group in Las Vegas is functioning at a higher level and despite the fact that we are significantly less than halfway by way of Could we continue to see enhanced final results in all categories. The combined operating divisions are operating profitably, and we will continue to operate challenging enhancing final results with a concentrate on offering exceptional buyer service to all our very valued shoppers.” stated Andrew Glashow, President and COO of the Organization.
About CLS Holdings USA, Inc.
CLS Holdings USA, Inc. (CLSH) is a diversified cannabis business that acts as an integrated cannabis producer and retailer by way of 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 technique of extracting several cannabinoids from the marijuana plant and converting them into solutions with a larger level of high quality and consistency. The Company’s organization model contains licensing operations, processing operations, processing facilities, sale of solutions, brand creation and consulting solutions.
About Oasis Cannabis
Oasis Cannabis has operated a cannabis dispensary in the Las Vegas industry considering the fact that dispensaries initial opened in Nevada in 2015 and has been recognized as a single of the best marijuana retailers in the state. Its place inside walking distance to the Las Vegas Strip and Downtown Las Vegas in mixture with its delivery service to residents makes it possible for it to effectively serve each locals and vacationers in the Las Vegas location. In February 2019, it was named ”Best Dispensary for Pot Pros” by Desert Companion Magazine.
About City Trees
Founded in 2017, City Trees is a Nevada primarily based cannabis cultivation, production and distribution business. Supplying a wide range of solutions with constant final results, City Trees is a single the quickest increasing wholesale corporations in the business. Its solutions are now out there at 44 of the 60 licensed dispensaries in Nevada.
Forward Seeking Statements
This press release includes particular ”forward-hunting information” inside the which means of applicable Canadian securities legislation and ”forward-hunting statements” as that term is defined in the Private Securities Litigation Reform Act of 1995 (collectively, the ”forward-hunting statements”). These statements relate to anticipated future events, future final results of operations or future economic functionality, and anticipated development. In some instances, you can recognize forward-hunting statements by terminology such as ”may,” ”might,” ”will,” ”should,” ”intends,” ”expects,” ”plans,” ”goals,” ”projects,” ”anticipates,” ”believes,” ”estimates,” ”predicts,” ”potential,” or ”continue” or the adverse of these terms or other comparable terminology. These forward-hunting statements are only predictions, are uncertain and involve substantial identified and unknown dangers, uncertainties and other elements which might trigger our actual final results, levels of activity or functionality to be materially distinct from any future final results, levels of activity or functionality expressed or implied by these forward-hunting statements. We can’t assure future final results, levels of activity or functionality and we can’t guaranty that the proposed transactions described in this press release will take place. You really should not location undue reliance on these forward-hunting statements, which speak only as of the date that they have been produced. These cautionary statements really should be thought of collectively with any written or oral forward-hunting statements that we might problem in the future. Except as expected by applicable law, we do not intend to update any of the forward-hunting statements to conform these statements to reflect actual final results, later events or situations 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 more information.