Friday, December 08, 2017 10:49:12 AM
SOURCE: https://www.dailymarijuanaobserver.com/single-post/2017/12/08/CLSH-CLS-Holdings-Begins-Private-Offering-of-Units
This morning, CLS Holdings USA, Inc. (OTC:CLSH) filed a Form 8-K with the SEC to announce that the company has commenced a private offering of its securities pursuant to Rule 506(c) under the Securities Act of 1933.
LINK TO 8-K: https://www.dailymarijuanaobserver.com/single-post/2017/12/08/CLSH-CLS-Holdings-Begins-Private-Offering-of-Units
CLS Holdings is offering for sale a minimum of 1,800,000 units and a maximum of 4,000,000 units at a price of $1.25 per unit. Each unit consists of four shares of common stock and one warrant to purchase common stock at $0.75 per share.
Assuming the company sells the minimum units by January 17, 2018, which date may be extended by up to 60 days in the sole discretion of the company, the common stock and warrants issued at closing will be restricted securities.
Acquisition of Oasis Cannabis
According to the filing, CLSH intends to use the proceeds of the private offering primarily to make certain payments required under its definitive agreement to purchase the membership interests of three companies from Alternative Solutions, LLC, a revenue-producing vertically integrated cannabis business with operations in Las Vegas, Nevada.
The aforementioned definitive agreement to acquire Oasis Cannabis was just announced earlier this week. Founded in 2015, Oasis has established itself as one of the top marijuana retailers in the state of Nevada, offering in-store and delivery service to its customers. Oasis is currently generating approximately $650,000 per month in gross revenue through retail cannabis sales.
Recent CLSH News
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 03/07/2024 08:33:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 08:31:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/26/2024 04:31:07 PM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 02/15/2024 08:32:15 PM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 02/12/2024 09:38:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/07/2024 09:14:38 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/18/2024 07:24:24 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/11/2024 09:01:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 08:08:13 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 01/04/2024 05:03:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/02/2024 10:18:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/04/2023 07:39:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/04/2023 01:17:10 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 10/16/2023 01:00:30 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/12/2023 07:57:54 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 10/04/2023 09:06:42 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 08/24/2023 08:01:07 PM
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