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This ain't nothing:
LAS VEGAS, NV, June 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- CLS Holdings USA, Inc. (OTCQB: CLSH) (CSE: 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 May, 2019 with revenue of $1,058,867 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 record May 2019 revenue of $684,500, an increase of 55% from May 2018
The dispensary serviced a record 16,008 customers in the month, a 70% increase from May 2018
City Trees, the Company's branded product division, saw a 189% revenue increase to $374,440 from $129,665 in May 2018
Gross margin increased from the 39% gross margin of Alternative Solutions in 2018 to 45% for the Company in 2019
City Trees increased its active customer base from 10 in May 2018 to 46 in May 2019
Oasis Cannabis Dispensary continues to increase foot traffic from 9,400 on May of 2018 to 16,000 in May of 2019, an increase of more than 6,600 customers served or 70%.
Major roadway improvements are now complete along Industrial Road, providing enhanced accessibility and convenience for visitors to the area. The improvements combined with the recently completed renovation and vibrant new signage at Oasis are helping to fuel the continued customer growth.
City Trees continues to gain market share and now services approximately 80% of the Dispensary market in Las Vegas
"May was a great month for CLS. Both Operating divisions experienced growth in revenue and margin expansion. The team continues to execute at a high level and the combined operating divisions experienced another profitable month. The first 5 months of calendar year 2019 have provided a strong foundation for continued strong performance.
“Our City Trees division led by Don Decatur is operating at a high level and continues to expand its product line. We anticipate launching a CBD line of products in the near future. We are also now under construction and anticipate completion in October of our proprietary extraction and conversion production facility.
“Our Oasis dispensary led by Samantha Schaefer continues to experience terrific results and we expect these results will continue throughout the balance of Calendar year 2019,” said Andrew Glashow, President and COO of the Company.
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.
Just waiting for BTC to spike..... the suspense is killing me.
No volume to support this bump. Just one small purchase painting us green to start the day
So we should start to see the pps increase....
On Fridays of holiday weekends especially
The greater BTC adoption, the higher its price per coin goes. The higher BTC goes the higher INTV goes, regardless of how many times someone types "BTC and INTV aren't related!!"
How long is long?
Hold 6 month to a year....yes. Maybe two years.
After that, not so much
I wouldn’t count on a buy back anytime soon. Debts to be paid and execs to pay first
That’s just reporting revenues, nothing else.
That's my target too!
This is, by far, the quietest board I've ever seen. Especially in the mj sector
And yet another example of NOT getting their financials in order. Titus can do a million interviews, presentations, panel discussions, TED talks, etc but until he submits MJNA to a certified audiT, NO ONE CARES.
Don't forget Mexico, Argentina and Europe!!
Until MJNA gets its financials in order, everything else is just noise.
This is a good thing:
LAS VEGAS, NV , May 14, 2019 /CNW/ - CLS Holdings USA , Inc. (CLSH.CN) (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 April, 2019 with record revenue of $1,141,574.50 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 record April 2019 revenue of $652,500 , an increase of 56% from April 2018
The dispensary serviced a record 15,040 customers in the month
City Trees, the Company's branded product division, saw a revenue increase from $236,456 in April 2018 to $489,074 in April 2019 , a 52% increase.
Gross margin increased from the 37% gross margin of Alternative Solutions in 2018 to 44% for the Company in 2019
City Trees increased its customer base from 17 in April 2018 to 32 in April 2019 a 47% increase
Maybe $10,000 by the end of Crypto Week in NYC
Should be an exciting week
BTC closing in on $7000 and no chatter here?
For INTV to hit $1 what does BTC need to reach?
$7500?
$10000?
Is anyone not watching BTC today?
Who decides what gets stickied here? Someone’s putting up some real garbage lately
And E*TRADE allowing retail crypto trading soon.
Summer 2019 should be fun in crypto land
Zero trade volume is a rough way to start the day
BTC is on the move and no posts here in a week.
Anyone? Bueller?
Can we all chip in for an editor? This is a poorly written world salad, but it seems to indicate increasing revenues over last year.
LAS VEGAS, NV / ACCESSWIRE / April 16, 2019 / CLS Holdings USA Inc. (CLSH) (CSE:CLSH.U), the ''Company'' or ''CLS'', a diversified cannabis company operating as Cannabis Life Sciences, today highlighted its financial and operational results for the third quarter of fiscal 2019, ended February 28, 2019.
The Company generated revenues of approximately $2.4 million during the third quarter, which is an improvement of 25% over the revenues of Alternative Solutions, LLC, whch was a privately held company during the comparable quarter of the previous year. Alternative Solutions was acquired by CLS Holdings USA, Inc. in June 2018. The Oasis Dispensary located in Las Vegas, Nevada generated approximately $1.4 million of this amount, up 10% when compared to the revenues it generated for Alternative Solutions, LLC during the comparable period of the previous year. Gross margin at the Oasis Dispensary for the quarter finished at 39.0%, up from 22.3% when compared to the gross margin for Alternative Soutions, LLC for the same quarter of the prior year.
Strong systemwide retail revenue for the quarter is primarily attributable to the right-sizing of the Oasis Dispensary. Management has been working to increase sales through customer-focused initiatives and analyzing sales data to maximize returns on investment. While there have been one-time costs associated with reorganizing the internal structure at Oasis Dispensary, management is extremely satisfied with the team, product selection, and purchasing process that is now in place.
The City Trees brand contributed significantly to CLS's top-line revenue growth in the quarter, generating approximately $1.0 in revenues compared to approximately $567,000 for Alternative Solutions, LLC during the comparable quarter of fiscal 2018, an 84% improvement. Gross margin for this segment also improved to 39% for the third quarter of fiscal 2019 from a gross margin for Alternative Solutions, LLC of 32.8% for the same period during the prior year. City Trees' products are now available in 44 locations across the state of Nevada and it is becoming a well-recognized consumer brand.
Jeffrey Binder, Chairman and CEO of CLS Holdings USA, Inc. stated: ''I want to thank all of the Company's employees who made it possible for these improved results since CLS acquired Alternative Solutions (Oasis and City Trees).''
In addition to growing revenue and increasing gross margins at its existing Oasis and City Trees locations, the Company expects to close on its CannAssist cultivation opportunity in June 2019 and on its In Good Health medical dispensary in November of 2019. The Company has invested substantial funds into the medical dispensary, which has allowed for its expansion and improved development. Both sites represent exponential revenue potential, especially given their location in Massachusetts.
Full financial results for CLS' third quarter are set forth in its Form 10-Q, which has been filed with the Securities Exchange Commission and is available on the SEC's EDGAR service at www.sec.gov.
Revenues should top $250million for 2019. Doesn't matter until financials are audited.
Lack of audited financials
Has there been any indication as to why Stormy Simon resigned?
It’s a prank article. Read the last line.
https://www.financemagnates.com/cryptocurrency/news/sec-drops-the-bomb-approves-bitcoin-etfs-markets-skyrocket/
Revenue growth isn't the problem. It's financial reporting. If these guys could get their act together, get audited and report the pps would skyrocket
"Audited numbers coming out any day with uplist , . "
Well there's our problem. Any day.....tomorrow.....soon....next week.....next month.....
Any idea how many Ambassadors there are currently?
That’s exactly why the pps here will increase.
The Doom & Gloom crew is here. I’m expecting a green day tomorrow.
As long as the ambassador program is growing and they're each selling product, I'll remain cautiously optimistic.
Growing revenues quarter after quarter is a good thing.
Another ex-professional athlete spokesperson onboard.
Does anyone care?
"Most populated state per capita income $68,000"
Huh???
If they'd PR about revenues instead of medical conferences in Latin America we might have something though
These PRs don't even matter, do they?
We've seen so many "subsidiary HempMedsXXX is hosting an event in country XXX...."
nothing matters until we see audited financials.
SAN DIEGO, March 18, 2019 /PRNewswire/ -- Medical Marijuana, Inc. (OTC:MJNA), the first publicly traded cannabis company in the United States, today announced that its subsidiary HempMeds® Brasil is hosting an event on Medical Cannabis at the Fera Palace Hotel in the Historic Center of Salvador, Bahia on March 19.
According to a report by New Frontier Data, the Brazilian medical cannabis market could grow to $1.4 billion annually if CBD products are approved for other uses.
At the event, medical cannabis experts will discuss the landscape of medical cannabis in Brazil, the potential therapeutic applications of cannabidiol (CBD) and legal issues of cannabis in Brazil.
"As the first company to receive import approval from the National Sanitary Surveillance Agency (Anvisa) to import CBD products, we are very proud to have continued to experience such tremendous growth over the past few months," said HempMeds® Brasil Vice President Caroline Heinz. "We've had great success with our previous educational events and hope that this event will be well received by both consumers and doctors as well."
Speakers at the event will include Medical Marijuana, Inc. CEO Dr. Stuart Titus, HempMeds® Brasil Director of Medical Affairs, Dr. Junior Gibelli, HempMeds® Brasil Vice President Caroline Heinz, HempMeds® Brasil Director of Institutional Relations Norberto Fischer, HempMeds® Brasil Director of Legal Affairs Ricardo Handro and several patients sharing their personal stories of using CBD.
"The cannabis industry is taking off in Latin America more than we could have ever expected," said Medical Marijuana, Inc. CEO Dr. Stuart Titus. "That said, there are still many misconceptions about CBD and our mission is to help people become more educated about what it is and its potential health benefits."
To learn more about the event, please visit https://hempmeds.com.br/.
About Medical Marijuana, Inc.
The name Mtrac may be worth nothing. It's the clients and users that are valuable.