CLS Holdings USA Inc (CLSH)

[WallStreetSurvivor]

$CLSH At the Company's production division, City Trees, monthly revenue for May 2021 increased by 231.6% year-over-year, and by 80.6% over May 2019. Gross margin for this division was 61.5%. In May 2021, the Company also announced the brand's expansion into New Mexico's medical cannabis market with its award-winning agave-based tinctures, which currently hold the #1 position in the tincture category in Nevada. Production of these products in New Mexico began with partner company, Herbal Edibles Inc., in May 2021. The brand anticipates continued growth in coming months, with multiple new product releases scheduled for the first fiscal quarter of 2021 and new licensing agreements expected to materialize later this year.