CLS Holdings USA Inc (CLSH)

[PatrickTrader]

Cold weather brings good news for $CLSH >> https://www.potnetwork.com/news/cannabis-news-and-notes-cold-weather-brings-good-news

Company did a rebrand in September, and believes it is “poised for continued growth and innovation through the remainder of the year.” Moreover, CLS outpaced growth of the entire Nevada cannabis market in September with a year over year increase of 43 percent for the month, and net revenue growth of 70.3 percent.

“As a result of continued development and innovation in the ingestible category, City Trees is rising in Nevada's vape category,” noted the press release. “In the first three quarters of 2020, the brand has risen from the 7th to the 5th highest selling brand, with the greatest improvement occurring in the third quarter. In the ‘dabbable concentrate' product subcategory, unit sales rose by over 115 percent during the third quarter of 2020 compared to the same quarter in 2019.”

It continued: “With a focus on quality, sustainability, and innovation, City Trees is showing brand growth across all of the products categories in which it currently operates. This division's growth is further driven by the expansion and utilization of its expanded and enhanced extraction and innovation facility, allowing for a variety of anticipated collaboration projects, new product launches, and growing capacity for extraction and toll processing.”