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.