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LAS VEGAS, NV / ACCESSWIRE / April 15, 2021 / CLS Holdings USA, Inc. (OTCQB:CLSH)(CSE:CLSH), the Company or CLS , a diversified cannabis company operating as Cannabis Life Sciences, today announced its operational and financial results for the third quarter of fiscal 2021, ended February 28, 2021.
Key Q3 Financial & Operational Accomplishments
CLS continues to outperform operationally, achieving a 44.7% increase in total revenue in the first nine months of fiscal 2021 compared to the comparable period of fiscal 2020.
The Company achieved total revenue of $4,544,082 for the quarter ended February 28, 2021 - a 40.9% increase over the quarter ended February 29, 2020.
Gross margin for the quarter was 45.2%, and 51% for the nine month period ended February 28, 2021 compared to gross margin of 52.3% and 50.4% respectively, for the comparable period during fiscal 2020.
Lighting It Up: CLS Holdings USA, Inc Reports Third Quarter Results as Las Vegas Makes a Comeback
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Lighting It Up: CLS Holdings USA, Inc Reports Third Quarter Results as Las Vegas Makes a Comeback
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CLS Holdings USA, Inc. Reports Record March Financial Results As Nevada Tourism Begins Recovery
LAS VEGAS, NV / ACCESSWIRE / April 13, 2021 / CLS Holdings USA, Inc. (OTCQB:CLSH)(CSE:CLSH), the Company or CLS , a diversified cannabis company operating as Cannabis Life Sciences, today announced the financial and operational results for its Nevada wholly owned subsidiaries for the month of March 2021 with net revenues of over $2M for the first time in the Company s history, and a Gross Margin of 48%. These results represent the highest single-month revenue total to date, with marked increases in revenue at both the retail and wholesale level. This total represents a 92% increase in revenue over March 2020, and an 89.4% increase in revenue over March 2019. The Company achieved this historic increase in net revenue while also improving Gross Margin, which was 45% for March 2020 and 37% for March 2019.