Thursday, December 07, 2017 7:54:12 PM
ACCESSWIRE ACCESSWIREDecember 6, 2017Comment
- Monthly Foot Traffic and Revenue Trending Higher
- Expansion Plans in the Works
LAS VEGAS, NV / ACCESSWIRE / December 6, 2017 / CLS Holdings USA, Inc. (CLSH) "CLS," a development stage diversified cannabis company operating as Cannabis Life Science, announced today key performance metrics at Oasis Cannabis, a fully integrated cannabis operation in Las Vegas, Nevada that it has executed a definitive agreement to acquire.
Oasis Cannabis' (http://oasiscannabis.com) operations include a grow, extraction, conversion and processing facility and a retail dispensary. Its grow, conversion and extraction facility produced $150,000 in gross revenue last month and is trending higher. Upon closing the acquisition, CLS plans to triple the grow production capacity. The Oasis retail dispensary has been welcoming approximately 400 daily visitors and is currently generating $650,000 of gross monthly revenue.
Jeff Binder, Chairman of CLS, commented, "Since we began this process to acquire Oasis Cannabis a couple of months ago, we have witnessed firsthand its growth and traction in visitors and revenue. We are very pleased with the trends at its grow and retail dispensary and are enthusiastic to move forward to an anticipated closing in the first quarter of 2018."
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