CLS Holdings USA Inc (CLSH)

[Pennyes]

CLSH Financials for November looks impressive, the potential for 2020 is STRONG Revenue and Profit, clsh might be a solid take out candidate for Big corporations!.. if they want to sell the company which I doubt, clsh will evolve into potentially a big rival to many other cannabis plays
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November 2019 Financial Highlights
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Consolidated revenue from Oasis Cannabis and City Trees of $1.08 million compared to $0.71 million in November 2018, an increase of 52.8%. Consolidated gross margin of 48.5% compared to 43.5% in November 2018.
Record revenue from the Company's Oasis Cannabis dispensary of $797,877, a 71.9% increase over November 2018 dispensary revenue of $464,243.
A 106.9% increase in dispensary customers, from 10,299 (343 average per day) in November 2018 to a record 21,310 (775 average per day) in November 2019.

Revenue per SF of $426 compared to $265 per SF in November 2018, an increase of 60.4%.
November 2019 dispensary gross margin of 49.0%, up from 40.8% in November 2018.
Revenue from City Trees, the Company's branded products and bulk flower division, of $283,428, a 16.5% increase over November 2018 City Trees revenue of $243,241.
November 2019 City Trees gross margin of 47.1% compared to 48.5% in November 2018.


"Our records continue to accumulate. Despite closing for two and a half days during expansion construction, November 2019 was another record month at our Oasis Cannabis dispensary in terms of customers and revenue. With more than 1,000 customers, Black Friday has emerged as our biggest single day across those same categories, eclipsing our previous single biggest days on Halloween and April 20th of this year."
"Also in November, we completed the first phase of our buildout and licensing of our new, state-of-the-art extraction and production facility. This facility allows us to produce our own THC oil for use in all City Trees branded products sold through more than 40 dispensaries throughout Nevada. We also anticipate partnering with 3rd party organizations interested in having their products manufactured at our newly licensed state of the art facility."

https://www.barchart.com/story/stocks/quotes/CLSH/overview/4083495/cls-holdings-announces-november-financial-results