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CLS HOLDINGS USA, INC.

(CLSH)
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CLS Holdings USA, Inc. Announces 50/50 Joint Venture with Ranson Shepherd to Manufacture Pre-Rolls

09/28/2021 | 07:17am EST

CLS Holdings USA, Inc. announced a 50/50 joint venture with RANSON SHEPHERD to manufacture pre-rolls, a category that represented approximately 11% of overall cannabis sales in Nevada in 2020. This announcement comes on the heels of the company's most successful fiscal year, during which the Company achieved multiple record-setting months at both the retail and wholesale subsidiary level. CLS Joint Venture Highlights; CLS and Mr. Shepherd will lend their well-respected reputations to a new line of in- demand products. The joint venture anticipates producing 200,000+ pre-rolls per month after a start-up period. The joint venture will utilize the Company's existing 22,500 sq ft manufacturing facility creating economies of scale. The joint venture plans to create Its own pre-rolls as well as manufacture pre-rolls for other brands under exclusive licensing agreements. The joint venture is expected to provide a structural cost advantage and become one of the lowest cost providers based on raw material procurement. The joint venture anticipates achieving gross margins in-line with CLS' standalone gross margins and to become accretive to CLS. The joint venture believes it will create additional jobs and benefits to the community.


ę S&P Capital IQ 2021
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Financials (USD)
Sales 2021 19,3 M - -
Net income 2021 -15,9 M - -
Net Debt 2021 20,7 M - -
P/E ratio 2021 -1,40x
Yield 2021 -
Capitalization 11,4 M 11,4 M -
EV / Sales 2020 2,00x
EV / Sales 2021 2,22x
Nbr of Employees 2
Free-Float 64,4%
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Managers and Directors
Jeffrey I. Binder Chairman & Chief Executive Officer
Andrew J. Glashow President, COO, Chief Financial Officer & Director
Ross Silver Director
Matthew Janz Vice President-Marketing
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