CLS Holdings USA, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended February 28, 2023
April 10, 2023 at 08:16 am EDT
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CLS Holdings USA, Inc. reported earnings results for the third quarter and nine months ended February 28, 2023. For the third quarter, the company reported sales was USD 5.44 million compared to USD 5.59 million a year ago. Net loss was USD 0.899515 million compared to USD 0.992268 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 0.03 a year ago.
For the nine months, sales was USD 17.56 million compared to USD 16.5 million a year ago. Net loss was USD 10.26 million compared to USD 0.910141 million a year ago. Basic loss per share from continuing operations was USD 0.18 compared to USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.18 compared to USD 0.03 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. 
