Cls Holdings Usa, Inc. Reports Earnings Results for the Second Quarter Ended November 30, 2018
January 14, 2019 at 05:06 pm
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CLS Holdings USA, Inc. announced earnings results for the second quarter ended November 30, 2018. For the second quarter, the company announced sales was USD 1.976 million compared to USD 0 a year ago. Operating loss was USD 2.046 million compared to USD 257,379 a year ago. Net loss was USD 2.699 million compared to USD 2.525 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.07 a year ago. For the half year, sales was USD 3.156 million compared to USD 0 a year ago. Operating loss was USD 17.019 million compared to USD 616,583 a year ago. Net loss was USD 19.356 million compared to USD 3.091 million a year ago. Basic loss per share from continuing operations was USD 0.24 compared to USD 0.09 a year ago.
CLS Holdings USA, Inc. is a cannabis company that acts as an integrated cannabis producer and retailer through its Oasis Cannabis subsidiaries in Nevada. The Company's brands include City Trees and Oasis Cannabis. It owns 100% of Alternative Solutions, LLC, a holding company that owns three separate entities with licenses to operate cannabis businesses within the State of Nevada: Serenity Wellness Center, LLC doing business as (dba) Oasis Cannabis (Oasis); Serenity Wellness Growers, LLC dba City Trees Fresh Cannabis Cultivation Wholesale; and Serenity Wellness Products, LLC dba City Trees Fresh Cannabis Production Wholesale. Oasis operates a retail marijuana dispensary nearer to the Las Vegas Strip. The Company's other subsidiaries operate a small-scale cultivation facility, as well as a product manufacturing facility and a wholesale distribution operation in North Las Vegas. Oasis is a 5,000 square foot retail location offering personalized delivery, pick-up, and in-store experiences.
CLS HOLDINGS USA, INC. 
