Cls Holdings Usa, Inc. Reports Earnings Results for the Second Quarter Ended November 30, 2020
January 13, 2021 at 06:04 am EST
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CLS Holdings USA, Inc. announced earnings results for the second quarter ended November 30, 2020. For the second quarter, the company announced sales was USD 4.907 million compared to USD 3.056 million a year ago. Operating loss was USD 102,552 compared to USD 552,854 a year ago. Net loss was USD 849,376 compared to USD 1.281 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. For the half year, sales was USD 8.688 million compared to USD 5.915 million a year ago. Operating loss was USD 514,986 compared to USD 1.403 million a year ago. Net loss was USD 1.994 million compared to USD 2.658 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago.
CLS Holdings USA, Inc. is a cannabis company that acts as an integrated cannabis producer and retailer through its Oasis Cannabis subsidiaries in Nevada. The Company's brands include City Trees and Oasis Cannabis. It owns 100% of Alternative Solutions, LLC, a holding company that owns three separate entities with licenses to operate cannabis businesses within the State of Nevada: Serenity Wellness Center, LLC doing business as (dba) Oasis Cannabis (Oasis); Serenity Wellness Growers, LLC dba City Trees Fresh Cannabis Cultivation Wholesale; and Serenity Wellness Products, LLC dba City Trees Fresh Cannabis Production Wholesale. Oasis operates a retail marijuana dispensary nearer to the Las Vegas Strip. The Company's other subsidiaries operate a small-scale cultivation facility, as well as a product manufacturing facility and a wholesale distribution operation in North Las Vegas. Oasis is a 5,000 square foot retail location offering personalized delivery, pick-up, and in-store experiences.
CLS HOLDINGS USA, INC. 
