CLS Holdings Announces November Financial Results
CLS Holdings USA, Inc. Common (CLSH)
NASDAQ:AMEX Investor Relations:
recruit-holdings.com/ir
Company Research
Source: GlobeNewswire
LAS VEGAS, NV, Dec. 11, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- CLS Holdings USA, Inc. (OTCQB: CLSH, CSE: CLSH) (“CLS” or the ''Company''), a diversified cannabis company operating as Cannabis Life Sciences, is pleased to report unaudited consolidated revenue of $1.08 million for the month of November 2019. November 2019 Financial Highlights Consolidated revenue from Oasis Cannabis and City Trees of $1.08 million compared to $0.71 million in November 2018, an increase of 52.8%. Consolidated gross margin of 48.5% compared to 43.5% in November 2018. Record revenue from the Company’s Oasis Cannabis dispensary of $797,877, a 71.9% increase over November 2018 dispensary revenue of $464,243. A 106.9% increase in dispensary customers, from 10,299 (343 average per day) in November 2018 to a record 21,310 (775 average per day) in November 2019. Revenue per SF of $426 compared to $265 per SF in November 2018, an increase of 60.4%. November 2019 dispensary gross margin of 49.0%,
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