Absolutely. Just take a look at revenue results in the months of May and June. That should tell you everything you need to know about the potential of this stock and company.
CLS Nevada May 2021 Financial and Operational Highlights - Retail subsidiary, Oasis Cannabis, achieved a 59.41% increase in monthly net revenue year-over-year, alongside a 59.9% increase in the number of transactions processed. Gross margin for the dispensary was 50.4%. - Branded wholesale division, City Trees, recorded a 231.6% increase in year-over-year net revenue and a gross margin of 61.5% for May 2021. - Combined revenue for both divisions increased by 87.% over May 2020, and by 91.8% over May 2019. - Production of the Company's best-selling tincture products began in New Mexico through its collaborative partnership with Albuquerque-based Herbal Edibles Inc. - On May 11, 2021, the Company presented at the Canaccord Genuity 2021 Virtual Cannabis conference. - On May 17, 2021, the Company announced its availability for trading on Canadian investment management platform, WealthSimple.
CLS Nevada June 2021 Financial and Operational Highlights - Retail subsidiary, Oasis Cannabis, achieved a 48.9% increase in monthly net revenue year-over-year, alongside a 36.8% increase in the number of transactions processed. - Branded wholesale division, City Trees, recorded a 110.7% increase in monthly year-over-year net revenue. - Combined monthly revenue for both divisions increased by 63.1% over June 2020, and by 88.2% over June 2019. - CLS continues to improve gross margin with an 8.9% increase compared to June 2020 and a 16.9% increase compared to June 2019. - Despite the extremely competitive market, the company's results have outpaced the state average. - The Company announced its limited endorsement of UFC welterweight fighter, Sasha Palatnikov, through its City Trees brand.