While 2019 was a significant growth year for CLS and its
CLS is committed to its shareholders and to building a robust and sustainable business with an emphasis on careful, profitable growth.
- 114.64% increase in number of customers served (23,479 in
Dec. 2019 vs. 10,939 inDec. 2018 ) - 26.10% increase in total net revenue (
$996.673.18 vs.$790,396.21 inDec. 2018 ) - 69.41% increase in gross profit (
$486,249.81 vs.$287.022.30 inDec. 2018 ) - 34.35% increase in gross margin (48.79% vs. 36.31% in
Dec. 2018 )
The Company continues to reinvest and expand our
CLS
2019 has been an exceptional year for CLS Nevada. We made substantial investments into our
We saw the number of transactions increase at our Oasis Cannabis dispensary from 115,768 in 2018 to 203,127 in 2019, an increase of 75%. We did this while substantially increasing our gross margin, becoming EBITDA positive and experiencing exceptional revenue growth.
We are forecasting CLS Nevada 2020 revenue of
CLS
2019 was a major transition year for the CLS Nevada subsidiaries. Improvements to both the
2019 Improvements (CLS Nevada):
- Completed
$3M conversion and extraction facility inNorth Las Vegas - 3 renovations and expansions of retail dispensary
- Increased average daily transactions from 300 to 700
- Completely overhauled our marketing approach
- Hired some incredibly talented professionals
- On-boarded more efficient software systems to create better data tracking
- Oasis Cannabis voted best dispensary for Pot Pros in
March 2019
CLS
2020 Business Plan (CLS Nevada):
- Increase sales by 100% at City Trees by eliminating low return on investment SKUs, re-branding, increasing visibility through better marketing channels and creating some of the best and most unique products in
Nevada . - Expand Oasis Cannabis parking lot and vault to allow us to efficiently serve 1250 customers a day
- Create new revenue streams by offering advertising opportunities to brands and partners.
- Continue to source quality product at price points that meet the demands of our rapidly growing customer base.
"Since coming on board as President and COO, our team has accomplished a lot in a short amount of time. We are thankful to the regulatory authorities for their commitment to a safe, robust cannabis market and their approval of our state-of-the-art
About
www.clsholdingsinc.com
Twitter: @CLSHusa
About Oasis Cannabis
Oasis Cannabis has operated a cannabis dispensary in the
www.oasiscannabis.com
About City Trees
Founded in 2017, City Trees is a
www.citytrees.com
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 anticipated future events, future results of operations or future financial performance, and anticipated growth, including expansion plans, the creation of new revenue streams and the sourcing of high-quality product at certain price points. In some cases, you can identify forward looking statements by terminology such as "2020 Business Plan," ''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
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