CLS Holdings USA Inc (CLSH)

[midas716]

No where but up.

Over the past 45 days, we have closed on two oversubscribed funding rounds. A Canadian round of CAN$13.0 million and a U.S. round of $5.75 million. We are encouraged that our financial backers share the excitement and vision we have for CLS. Navy Capital, one of our lead funds, has a vast network of relationships in the cannabis industry and is extremely interested in the CLS patented extraction and processing technology.

They now have roughly $18m dollars to expand.

Yes. They got the shares cheaper but they are real investors looking for 5x to 10x their investment for the long haul. That's minimum, 2.00 to 3.00 up to 4.00 to 6.00 per share as they acquired the shares for .40 to .60.

Navy Capital is an investment FUND, as in institutional buyer.