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CLS Holdings USA, Inc. Manufacturing Subsidiary Announces New Toll Processing Division
LAS VEGAS, NV / ACCESSWIRE / January 26, 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 development of a new division within its manufacturing arm, City Trees. The new division, Trichome Harvest Company, specializes in toll processing for regional and national cannabis brands licensed in the state of Nevada with a variety of transaction types and negotiable terms. The Company s new state-of-the-art extraction facility became operational in April 2020, and has contributed to the growing success of the City Trees brand. In light of the achievements of City Trees in extraction innovation and growing market penetration, which were driven by this investment, the Company is expanding the services of this facility to further elevate the concentrate category in the state.
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CLS Holdings USA, Inc. Reports Financial and Operational Results for December 2020
LAS VEGAS, NV / ACCESSWIRE / January 19, 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 December 2020 with net revenues of $1.49M and Gross Margin of 48.3%. The Company achieved a record increase in year-over-year revenue at its branded wholesale division, while retail sales continued to maintain steady growth. Given present economic conditions in Nevada, both divisions also offered significant promotional pricing on wholesale and retail menus in an effort to effectively serve their communities with affordable products.
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