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Positive news
Consolidated Record Gross Margin of 51.67%
LAS VEGAS, NV, Aug. 13, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- CLS Holdings USA, Inc. (OTCQB: CLSH, CSE: CLSH.CN) (“CLS” or the “Company”), a diversified cannabis company operating as Cannabis Life Sciences, is pleased to report unaudited consolidated revenue of $1.07 million for the month of July 2019.
July 2019 Highlights
Consolidated revenue of $1.07 million compared to $0.60 million in July 2018, an increase of 91%.
Revenue from the Company’s Oasis Cannabis dispensary of $659,172, a 78% increase over July 2018 dispensary revenue of $370,319.
A 104% increase in dispensary customers, from 8,173 (250 per day) in July 2018 to 16,674 (550 per day) in July 2019.
Revenue from City Trees, the Company's branded products and bulk flower division, of $446,156, a 113% increase over July 2018 City Trees revenue of $209,443.
July 2019 consolidated gross margin of 51.67%, up from consolidated gross margin of 33.45% in July 2018.
According to Andrew Glashow, President and COO of CLS Holdings, "July was another strong month for Oasis Cannabis and City Trees, continuing what has already been an exciting summer for the Company. These operating successes are the result of an extremely dedicated group of people who make up a great TEAM! Looking forward, August is off to a strong start and we are in the process of planning an exciting Labor Day weekend event as well as launching exciting new product offerings. Construction of our proprietary patented conversion and extraction facility is progressing on schedule; stay tuned as we share images on our new corporate website.”
About CLS Holdings USA, Inc.
CLS Holdings USA, Inc. (CLSH) is a diversified cannabis company that acts as an integrated cannabis producer and retailer through its Oasis Cannabis subsidiaries in Nevada and plans to expand to other states. CLS stands for ''Cannabis Life Sciences,'' in recognition of the Company's patented proprietary method of extracting various cannabinoids from the marijuana plant and converting them into products with a higher level of quality and consistency. The Company's business model includes licensing operations, processing operations, processing facilities, sale of products, brand creation and consulting services.
MJNA uplisting is completely unrealistic until they get audited and they don't seem willing to do that.
When BTC eventually corrects up we’re good
This is the kind of statement that gets me to buy more of anything crypto related
https://www.google.com/amp/s/www.fxstreet.com/amp/cryptocurrencies/news/i-wont-be-talking-about-bitcoin-in-10-years-us-treasury-secretary-mnuchin-201907241546
you still own shares, just a lot fewer
All those corporate buzzwords and no real explanation for the reverse split.
"This type of business"??
You pretty much described every successful business in America.
Over priced, under performs and endorsed by someone
Lots of good things happening with MJNA.
Why is the pps so low with no sign of increasing?
Anyone expecting BTC to go on a tear very soon?
Which makes me a bigger fan.
As does his plan to weaken the dollar
You’d think there’d be more chatter here with the latest pr
So did I.
Now we just wait for BTC to get going
The 1st amendment applies to the govt not CEOs
Tanking?
Look at the weekly chart not the hourly
No....
The ratio of 2 forward: 1 back is the same as 1 forward: 1/2 back.
Old math.
That’s the same thing
That’s still two steps forward and one back. I’ll take that every two days
News out and this board is quiet today. That's odd
SAN DIEGO, July 9, 2019 /PRNewswire/ -- Medical Marijuana, Inc. (MJNA) (the "Company"), the first-ever publicly traded cannabis company in the United States that launched the world's first-ever cannabis-derived nutraceutical products, brands and supply chain, announced today that the company and its subsidiaries Kannaway® and HempMeds® had their largest-ever (unaudited) sales bookings month in the Company's history in June 2019. The Company also reached major milestones in its business operations.
"As we approach the mid-year mark, we are thrilled to see our growth in 2019 continue," said Medical Marijuana, Inc. CEO Dr. Stuart Titus. "Our success can be attributed to the company's new management group from March 2016, handling both the Kannaway division as well as overall company-wide operations. This new team has grown monthly revenue 15 times compared to March 2016 revenue. We optimistically look at continued growth as operational activities expand into new markets during the second half of the year."
The Company also achieved significant accomplishments during the month of June, including completing the first-ever high-level stability study on a CBD hemp oil product, its subsidiary HempMeds® adding new products to its established Personal Care Line, its subsidiary Dixie Botanicals® launching a CBD sunscreen in partnership with Surface Products Corp., and its subsidiary Kannaway® becoming a member of the European Industrial Hemp Association. Kannaway® also began pre-marketing initiatives in Japan ahead of its predicted substantial growth there.
Apparently no one else thinks this is a big deal:
LAS VEGAS, NV, July 09, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- CLS Holdings USA, Inc. (CLSH) (CLSH.CN), the ''Company'' or ''CLS'', a diversified cannabis company operating as Cannabis Life Sciences, today highlighted its financial and operational results for the month of June 2019, with revenue of $1,046,242 USD. Results are compared to those of Alternative Solutions, LLC, the entity CLS acquired in June 2018 that operates Oasis and City Trees.
· CLS Holdings' Oasis dispensary saw June revenue of $679,184, an increase of 126% from June 2018
· The dispensary serviced 16,539 customers in the month, an 88% increase from June 2018
· City Trees, the Company's branded product division, had revenues of $367,059, a 214% increase from $117,005 in June 2018
· Gross margin for the Company in June was 49%, up from 39% gross margin of Alternative Solutions in 2018
· City Trees continued to maintain its active customer base
Oasis Cannabis Dispensary continues to see a dramatic and consistent increase in customers serviced. The dispensary serviced 16,539 customers in June of 2019, versus 8,787 in June of 2018.
City Trees continues to gain market share and see demand for its products and is expanding its product line to meet the demands of the marketplace.
"June was another fantastic month for both the Oasis Dispensary and City Trees. We continue to see year over year growth in revenue and gross profit. Traffic at Oasis continues to increase, City Trees continues to grow and we are constantly innovating to add new product lines. Our proprietary conversion and extraction production facility is under construction and remains on track for completion in October.
These operating successes are the result of an outstanding group of people in Las Vegas executing at a high level. I am incredibly appreciative of all their efforts,” stated Andrew Glashow, President and COO of CLS Holdings.
You haven’t notified anybody about anything. You’re full of crap. We all know it. Now beat it.
We've seen the slightest news and nothing happened. For this pps to go up the news would need to be significant and verifiable
Increasing revenue, profitability, expanding markets, new products....
Seems like a good day to grab more shares. We've got a one day fire sale before BTC passes $14k again.
Blockchain and cryptocurrencies are very intertwined in the public's view. The face of crypto and thus the face of Blockchain is BTC. As it goes so do both sectors.
I'm asking what you consider it. I've made my own determination already.
Would you describe it as a Blockchain stock?
Exactly!
Well said
Yeah BTC is up
Nearly 4m shares traded in the first 5 min.
Could be a good day here.
At some point we see a jump in pps right?
It would be nice if we saw something above .0002........
Wouldn't crypto be a "fad like the internet stocks."?
Decent volume here today. Maybe we’re looking at a slow burner.
And BTC is heading to $10k....
This is the quietest BTC related board I've seen.
We're steadily moving up and no one's saying a thing?
A few more 10% green days and we’ll be on to something here
That a year and 1/2 old. There’s no longer a POTN Connection, that I’m aware of
Monday should be a good day around here, no?
At some point it makes a break to the upside, right?
With BTC steady heading towards $10k
Once BTC is solidly over $10k I think things get interesting here.
Over $20k and things get exciting.
Patience