CLS Holdings USA Inc (CLSH)

[cgessler]

It seems In Good Health is trying to back out of the acquisition. According to the complaint filed by CLS, IGH stopped returning phone calls, didn't show up for meetings and failed to provide reports and such. Let's see what the court decides but IMO, CLS is in a pretty good position to get a favorable ruling. At a minimum, they should recover damages and get the $5M they loaned out with interest. I would prefer the acquisition be allowed to proceed in addition to recovering damages - this would be the best outcome of course from an ongoing revenue perspective.

It's very possible they have another acquisition in the works - take a look at Green Growth Brands. They have a shop in Vegas and a failed CBD kiosk business because all the malls shut down due to the the Covid-19 outbreak. Current stock price is 0.02 and going through bankruptcy protection. Might be able to purchase GGB at a significant discount, otherwise GGB could lose everything to creditors.