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News and Headlines https://www.barchart.com/stocks/quotes/CLSH/news
They gave lots of good updates and reviewed the accomplishments in 2021. Good job.
Very cool...
Going to the Flower Market
For the first time in the Company's history, we will be entering the flower market. In October 2021, we announced a landmark joint venture with the Fort McDermitt Paiute and Shoshone Tribe in Northern Nevada, creating a premier cultivator of low-cost, high-quality flower in the state. Unlike the rest of Nevada, the Tribe's land near the Oregon border is an ideal location for growth, boasting an optimal climate for cultivation. We are excited about the possibilities of this partnership and the exposure it will give our investors to this unique opportunity to become a key player in the Nevada flower market, with premier product to be grown on our partner's tribal lands. The joint venture anticipates harvesting 25,000 pounds of premium outdoor flower in 2022. Similar to the pre-roll partnership, we believe this joint venture will add material revenue to CLS through the joint-venture at attractive margins over time.
Decreasing losses is paramount... hopefully they can achieve this too!
I've been following $CLSH for a year...and the price is back to where I started. The company is making progress towards profitability, excited for 2022.
Awesome news out, time for it to go!
https://finance.yahoo.com/news/cls-holdings-usa-inc-reviews-110000315.html
#BreakingNews: $CLSH Reviews Record Breaking and Transformational 2021 and Releases 2022 Outlook @jctb1 @socialnowpr https://www.marketwatch.com/press-release/cls-holdings-usa-inc-reviews-record-breaking-and-transformational-2021-and-releases-2022-outlook-2022-02-08
The Company announced a joint venture to manufacture pre-rolls, a category that represented approximately 11% of overall cannabis sales in Nevada, in 2021. This collaborative venture will allow for the rapid production of high quality pre-rolls.
For calendar year 2022, CLSH is projecting substantial net revenue growth while maintaining current gross margins and increasing EBITDA
https://www.marketwatch.com/press-release/cls-holdings-usa-inc-reviews-record-breaking-and-transformational-2021-and-releases-2022-outlook-2022-02-08
$CLSH News : CLS Holdings USA, Inc. Reviews Record Breaking and Transformational 2021 and Releases 2022 Outlook
Feb 08, 2022 (ACCESSWIRE via COMTEX) -- LAS VEGAS, NV / ACCESSWIRE / February 8, 2022 / CLS Holdings USA, Inc. (OTCQB:CLSH)(CSE:CLSH), the ''Company'' or ''CLS'', a diversified cannabis company operating as Cannabis Life Sciences, proudly reviews the financial and operational highlights that made 2021 the most successful and transformational year to date, and releases its initial 2022 outlook.
https://www.marketwatch.com/press-release/cls-holdings-usa-inc-reviews-record-breaking-and-transformational-2021-and-releases-2022-outlook-2022-02-08
good to hear that you're looking to add more shares. I hope a lot of investors will follow suit and continue to invest and be optimistic here.
You beat me to it... just reading that News now. Would like to see this trading back over a dime.
$CLSH News Out! CLS Holdings USA, Inc. Reviews Record Breaking and Transformational 2021 and Releases 2022 Outlook https://finance.yahoo.com/news/cls-holdings-usa-inc-reviews-110000315.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @Yahoo
From the recent 10q, is anyone concerned?...As shown in the accompanying financial statements, the Company has incurred net losses from operations resulting in an accumulated deficit of $92,654,511 as of November 30, 2021. The Company’s auditors stated in their opinion on the Company’s financial statements for the year ended May 31, 2021 that there was substantial doubt about the Company’s ability to continue as a going concern, and that further losses were anticipated in the development of the Company’s business raising substantial doubt about the Company’s ability to continue as a going concern. I recently averaged down on my avg share price due to the recent slump and am still optimistic.
Agreed! I got few orders set, looking to double my position below 0.09.
More good volume coming in, looks like we have some good momentum and interest from last week. 80k shares traded and currently priced at $.0903. Load up here.
Interesting take...I didn't even think about that.
This could be the news we’ve been waiting for. 4.5M is about the right amount to open a new store
$CLSH FORM D
Notice of Exempt Offering of Securities
https://www.otcmarkets.com/filing/html?id=15439140&guid=rtfwknIyAUljOth
Great news! #1 in two categories is awesome. Starting to have great name and brand recognition.
Volume has steadily increased as of late, the price of course is not anywhere near where jt belongs. I love the long term BIG upside here on this one, the value shows at a high of $.389.
I was referring to post 17512...it doesn't apply to clsh
Thanks its really solid useful news....$CLSH
What's the news you're referring too? Seeing quite q bit of volume compared to the 10 day average today. Could be a good indicator, CEao seems happy with the progress. Load those shares.
Correct me if I'm wrong but that news posted this morning on this site had nothing to do with CLSH
Great News today...still big losses but looking for 2022 to be better! $CLSH
More positive info. Good revenues reported, don't sleep on them. Load, and hold. They will be a BIG time player in the cannabis sector.https://www.marketwatch.com/press-release/torque-lifestyle-brands-on-pace-for-55-million-in-2021-booked-sales-on-strong-performance-of-jv-zero-torque-manufacturing-2021-12-13?mod=mw_quote_news_seemore
Not bashing, it's a good ticker, just frustrated especially after Friday...along with a few other OTC tickers I have. Just wondering if those pumpers that were here and on stocktwits have either sold or they went dark...which is it people?
Don’t know. They just disappeared one day and haven’t been back since.
This stock doesn’t need pumpers. It has good news every month and executing their long term plans without much dilution.
Without access to banking, I expect some dilution but not at the pace other MSOs have like Medmen. They are also not trying to be the biggest, just the best. With several #1 and top selling brands earning rewards and mentions I’d say they’re doing a fine job.
At some point very soon, we should see multi-store expansion into neighboring cities and potentially neighboring states.
Schumer needs to pass his bill or step aside and let another bill go for vote. Legalization is definitely coming, but we need a bit more patience so the lawmakers can play their cat and mouse games.
In the meantime, I will continue loading up and averaging down.
But, but, where did all the pumpers go?
Banking bill possibly removed from defense spending bill. If that happens, we will have to wait for any sort of reform. All the pot stocks are lower, so I’m buying the dip and selling more puts.
Holy. What happened here today?
Agreed! An opportunity to pick up shares at or below 10c is awesome.
Much more volume than what we have been used rk as of late. Opportunity to load at a discount right now? Is news coming? I think so. Tremendous upside here on CLSH.
$CLSH news -
CLS Holdings Inc. (OTCMKTS: CLSH) Announces That Oasis Cannabis Attained Revenue of $1.9 Million In October
Revenue continues to go up. With several deals currently in the works, this trend will continue through next year.
If legislation is passed through the defense bill next month, that would be a huge game changer for this little co.
GTLA!
Monthly revenue under $3 million is losing money.
CLSH costs are in the range of $36 Million a YEAR. To be profitable, CLSH has to average monthly revenue of $3 million. Just to break even until legislation changes the tax and banking laws.
Every time CLSH announces monthly revenue at or below $2million, it is telling investors, they will continue to have huge annual losses.
CLSH may be able to "show" profit due to influx of cash from lawsuit being settled. And, since it is revenue without expenses, the bottom line for two more qtrs will be much improved, but it is not sustainable. CLSH has bought 6 months to wait for US Congress to act.
There have been no permanent changes to the CLSH business plan or results. Recently announced new collaboration inside Nevada and outside, will take time to create sales and net revenue increases. Perhaps, the additional work and production will lead to $3million a month revenue being reached. However, it may be 12 to 24 months away.
GLTA. Do your own DUE.
CLS Holdings USA says Nevada subsidiaries generated $1.9M in revenue during October
https://www.proactiveinvestors.com/companies/news/966389/cls-holdings-usa-says-nevada-subsidiaries-generated-1-9m-in-revenue-during-october-966389.html
The Las Vegas-based company also said its revenue increased 8% year-over-year and 87% compared to 2019
CLS Holdings USA Inc said its wholly-owned subsidiaries in Nevada generated net revenue of $1.9 million and a gross margin of 46% during October.
The Las Vegas-based company also said its revenue increased 8% year-over-year and 87% compared to 2019.
CLS Holdings USA said the wholesale division at its branded City Trees subsidiary continued a steady rise with net revenue growth of 34% year-over-year and 140% from 2019.
They are just steady, more good numbers. This price level tight now is a gift, wrapped up with a bow. I feel strongly that the end of year for $CLSH will be BIG.
$CLSH Announces October Results with Significant Brand Growth
Scary Good: CLS Holdings USA, Inc. Announces October Results with Significant Brand Growth
LAS VEGAS, NV / ACCESSWIRE / November 16, 2021 / CLS Holdings USA, Inc. (OTCQB:CLSH)(CSE:CLSH), the ''Company'' or ''CLS'', a diversified cannabis company operating as Cannabis Life Sciences, today announced the financial and operational results for its Nevada wholly owned subsidiaries for the month of October 2021 with net revenues of $1.9M and a gross margin of 46%. The Company achieved meaningful net revenue growth with an increase of 8% year over year and 87% over 2019. The wholesale division at City Trees continued their steady rise with net revenue growth of 34% year over year and 140% over 2019.
Great post, spot on. I definitely agree, I'd like to think they will have some solid PR this month and next next close 2021 strong. Load, and hold these discounted shares.
Republican-Led Bill To Legalize And Tax Marijuana Emerges As Alternative To Democratic Measures
https://www.marijuanamoment.net/republican-led-bill-to-legalize-and-tax-marijuana-emerges-as-alternative-to-democratic-measures/
Legalization is here!
Democrats have a bill, and now, republicans do too. Both sides want to end prohibition. With both sides wanting the same thing, it shouldn't be long to get something in the works.
No more cheap $clsh shares. Double digit gains on some of the more popular stocks - it won't be long before $clsh catches up.
GLTA!
Profitable QTR is misleading.
CLSH only had a profitable QTR due to big payment on reconstituted note after long court battle.
From 10Q, 10/12/2021:
"On June 14, 2021, the parties to the IGH lawsuit entered into a confidential settlement agreement to resolve the action and a secured promissory note dated and executed by IGH in favor of the Company effective on June 11, 2021 (the “IGH Settlement Note”). Pursuant to the IGH Settlement Note, IGH shall pay the Company $3,000,000, $500,000 of which was paid on or before June 21, 2021. A second payment of $500,000 was paid on or before July 12, 2021. The remaining $2,000,000 and accrued interest shall be paid in 12 equal monthly installments beginning on August 12, 2021, pursuant to the terms of the promissory note. During the three months ended August 31, 2021, the Company received $1,174,082 under the IGH Settlement Note, which includes $1,166,667 in principal and $7,415 in accrued interest. As of August 31, 2021, the amount due under the IGH Settlement Note was $1,833,333. The Company records amounts paid under the IGH Settlement Note as gains when payments are received."
It is not profitable without the payment.
This company needs to grow to $3million in revenue a MONTH to become profitable.
New agreements and partnerships will take time to produce revenue of any significant amount. HOWEVER, the agreements are REAL and work in progress to start production.
I am still long and hold with over 500,000 shares.
I expect huge gains, but alas, in up to two years.
GLTA. Do your own DUE.
Agreed! However, some of the newest partnerships won't start until next year. I'm expecting a big revenue jump in two quarters. Since they just posted a profitable quarter, the next 2-3 quarters will be very good.
I suspect they will pay down debt with any increase in profits. Next steps would be to outline a Nasdaq listing in preparation of US legalization. If the stock isn't trading near $3-4, unfortunately, they'll have to reverse-split to get the price well above $1 to avoid any risk of delisting.
$CLSH
Thinking that $CLSH could have a very solid close to the year, I'd expect it being that they are in the cannabis industry and in Vegas. Load, and hold. This is way undervalued, and the price level is a steal.
CLS Holdings (LSE:CLI) USA Inc. has achieved its first-ever profitable quarter. For its first quarter of fiscal year (FY) 2022 ended August 31, 2021, the company said it generated net income of $427,599 versus a net loss of $1,145,036 in the year-ago period. CLS also noted that 1Q revenue growth proved to be significant with a 45% year-over-year increase.
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