CLS Nevada
- Consolidated record revenue from CLS Nevada of
$1.15 million compared to$0.73 million inJanuary 2019 , an increase of 49%. - Consolidated record gross margin of 52% compared to 39% in
January 2019 an increase of 33%. - A 136% increase in dispensary customers, from 10,908 (351 average per day) in
January 2019 to a record 25,776 (831 average per day) inJanuary 2020 . - Installation of a new POS system allowing for increased transactions, more hands-on interaction with our customers and a substantial decrease in customer wait times.
- Executed agreements to provide 3rd party wholesale manufacturing at our
North Las Vegas, NV facility.
According to
The company has made great strides supported by a team of 80 hardworking, dedicated employees in Las Vegas. We anticipate that 2020 will be CLS Nevada's best year and are carefully managing growth while increasing margins and profitability. The month of
Moving forward in 2020, we expect to see substantial revenue and margin expansion from our newly built conversion and extraction facility in
About
http://www.clsholdingsinc.com
Twitter: @CLSHusa
About Oasis Cannabis
Oasis Cannabis has operated a cannabis dispensary in the
http://oasiscannabis.com
(Images courtesy of Oasis Cannabis Dispensary, 2020. Click for more photos.)
About City Trees
Founded in 2017, City Trees is a
https://citytrees.com
(Images courtesy of City Trees, 2020. Click for more photos.)
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. 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 and we cannot guaranty that the proposed transactions described in this press release will occur. 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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SOURCE
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