CLS Holdings USA, Inc. Announces Acquisition Target "In Good Health" Receives Massachusetts State Approval for Final Recreational License
CLS Holdings USA, Inc. Common (CLSH)
NASDAQ:AMEX Investor Relations:
recruit-holdings.com/ir
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Source: GlobeNewswire
LAS VEGAS, NV, Sept. 17, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- CLS Holdings USA, Inc. (OTCQB: CLSH, CSE: CLSH.CN) (“CLS” or the ''Company''), a diversified cannabis company operating as Cannabis Life Sciences, is pleased to announce that In Good Health, a licensed medical dispensary, which the Company has the exclusive right to acquire in January 2020, was granted on Friday, September 13, 2019 a final license for recreational use at its current location in Brockton, MA. Started in September 2015, In Good Health operates a large medical cannabis dispensary business consisting of over 25,000 registered patients, delivery to 2,800 patients per month and maintains an 18,000 square foot grow with capacity to produce 9,000 pounds of finished flower per year. At today’s retail price of $7,000 per pound this fully built out operation is capable of generating $60 million in annual revenue and gross profit of $ 35 million. In Good Health has developed high-quality branded products
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