CLS
Holdings, (OTCQB: CLSH) $17 million Sales, 60% Growth & 5 New
Products
Miami,
FL--(February 2,
2021) –
EmergingGrowth.com, a leading independent small cap media portal
with an extensive history of providing unparalleled content for the
Emerging Growth markets and companies, reports on
CLS Holdings,
Inc. (OTCQB: CLSH), (CSE: CLSH)
CLS Holdings,
Inc. (OTCQB: CLSH) just announced that
City Trees, the
Company's manufacturing subsidiary is now offering 5 new distillate
blends that are available in disposable vape pens, cartridges, and
refill oil applicators.
CLS Holdings, Inc. (OTCQB: CLSH) by the numbers:
-
Revenue for the
six months ending November 30, 2020 came in at $8,688,758. If
this was repeated for the next two quarters, the company would
break $17 million in sales.
-
Revenue for the
quarter ending November 30, 2020 of $4,907,889 represented a 61%
increase over the same quarter in 2019, and a 29.8% increase over
the first fiscal Q in 2021.
-
Assets reported
on its most recent quarter came in at $14,399,741.
-
Shares
Outstanding: $126,571,416
CLSH
may not be at these levels much longer.
CLS Holdings, Inc. (OTCQB: CLSH)
anticipates a continued rise in market penetration and growth
throughout the rest of 2021.
City Trees currently
has over 70% market penetration and the brand is poised to continue growing
market share and strengthen its position as Nevada's premier
extract producer with the release of these new products.
This could be the biggest play we see in the cannabis space this
year.
The new vape
products come as the result of months of market research on
in-demand strains and flavor profiles, with each blend serving a
unique segment of consumers, while also allowing for the brand to
develop custom creations. To address market demand for
fruit-forward flavors, City Trees' new Mango Haze blend brings a
unique tropical profile. The brand also sought to add variety with
popular exotic strain blends, including GMO, Cherry Cola, and LV
Confidential - a localized take on the popular strain, LA
Confidential. To best serve the connoisseur market, the brand's
new Gasolina blend brings recognizable
flavors modelled after a variety of classic cannabis
strains.
"Each of these new
products does an incredible job of providing options that our
existing consumers were looking for according to our research, from
of-the-moment strains to custom, flavor-driven experiences" said
Company President and COO Andrew Glashow. "Seeing how successful
our rebrand was in 2020 gave us the ability to refocus efforts on
product innovation, and these new blends are the first of many new
expansions for the brand catalog."
Other
Companies in the news and featured on
EmergingGrowth.com
Sundial
Growers, Inc.
Shares of Sundial
Growers (NASDAQ: SNDL) first began to develop steam on November
6, 2020 with an article from SeekingAlpha.com pushed the stock up
and down 100% in one trading session. After a combination of
41 press releases and third-party articles, the stock realized two
things. A 385% gain, and a revisit of two support pivots of
which the stock was unable to break in May and June of
2020.
Have a look
at CLS
Holdings, Inc. (OTCQB: CLSH). With 5 new products just
released, this could be the catalyst that brings the stock to trade
among the majors in the space.
Innovation
Pharmaceuticals, Inc.
In the past two
trading sessions, we watched Innovation Pharmaceuticals, Inc.
(OTCQB: IPIX) run 50% and engulf its previous
resistance of .299. A number it could not crack with two
previous attempts. Friday's announcement obviously continued
the momentum into this week, but be careful of that big toping
tail the stock left after it touched .35.
Check out
CLS Holdings,
Inc. (OTCQB: CLSH) which is trading at price to
sales ratio of just over 1, with some pretty big growth that's
being overlooked.
Sunshine
Biopharma, Inc.
Sunshine
Biopharma, Inc. (OTC Pink: SBFM) gave back 57% in what seemed
like a healthy pullback last week and appears to be making its way
back up in price. Nest resistance is at .17 but last week's
topping tail on the weekly chart might prove that
difficult.
Watch
CLS Holdings,
Inc. (OTCQB: CLSH). The company
anticipates a continued rise in market penetration and growth
throughout the rest of 2021.
Enzolytics,
Inc.
Shares of
Enzolytics, Inc. (OTC Pink: ENZC) showed some promise today after the
announcement of the discovery of seven newly identified conserved
target sites on the HIV virus. A SeekingAlpha.com article on
January 27th,
seemed to be responsible for its 100% rise and subsequent 50%
fall. Maybe another SA writer will take an interest and put
them over the top.
In the meantime,
Check out CLS Holdings, Inc. (OTCQB:
CLSH). This could be the
biggest play in the cannabis space this year.
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.
https://www.clsholdingsinc.com/
Twitter:
@CLSHoldingsUSA
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 products are available in numerous
dispensaries throughout the state of Nevada.
https://citytrees.com
Total
Addressable Market, or TAM, estimate is based on Nevada estimated
sales data provided by BDS Analytics for December 2020. This
estimate is based upon predicted results, is uncertain and involves
known and unknown uncertainties and other factors that may cause
actual results to be materially different from this
estimate.
Figure
reported as of January 28, 2021. Additional sales may increase this
total for the remainder of January 2021.
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, among other things, the
impact of the COVID-19 virus on our business, the results of our
initiatives to retain our employees and strengthen our
relationships with our customers and community during the pandemic,
the effect of our initiatives to expand market share and achieve
growth during and following the pandemic, results of operations and
financial performance, anticipated future events, and the
effectiveness of our business practices during the pandemic. The
continued spread of COVID-19 could have, and in some cases already
has had, an adverse impact on our business, operations and
financial results, including through disruptions in our cultivation
and processing activities, supply chains and sales channels, and
retail dispensary operations as well as a deterioration of general
economic conditions including a possible national or global
recession. Due to the speed with which the COVID-19 situation is
developing and the uncertainty of its magnitude, outcome and
duration, it is not possible to estimate its impact on our
business, operations or financial results; however, the impact
could be material. 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. 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.
Contact
Information:
Corporate:
Chairman and
CEO
Jeff
Binder
President and
COO
Andrew
Glashow
888-438-9132
Investor
Relations:
investors@clsholdingsinc.com
Source: CLS Holdings
USA, Inc.
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