Welcome to our dedicated page for CLS HOLDINGS USA news (Ticker: CLSH), a resource for investors and traders seeking the latest updates and insights on CLS HOLDINGS USA stock.
CLS Holdings USA, Inc. focuses on the extraction and conversion of cannabinoids in the United States. The company extracts various cannabinoids from cannabis plants and converts them into concentrates, including oils, waxes, edibles, and shatters. These concentrates find applications in vaporization for electronic cigarettes, pharmaceuticals, and other purposes. Additionally, the company offers consulting services to cannabis-related businesses such as growers, dispensaries, and laboratories. Established in 2014 and headquartered in Miami, Florida, CLS Holdings USA, Inc. operates as Cannabis Life Sciences.
CLS Holdings USA, Inc. is a diversified cannabis company that comprises integrated cannabis producer and retailer segments through its Oasis Dispensary and City Trees subsidiaries operating in Nevada, with plans for expansion into other states. The company, known as CLS, stands for "Cannabis Life Sciences," which reflects its cutting-edge scientific methodology for extracting cannabinoids from the cannabis plant, resulting in products of superior quality and consistency. Its business model encompasses licensing operations, processing operations, processing facilities, product sales, brand development, and consulting services.
CLS Holdings USA, Inc. (OTCQB: CLSH) (CSE: CLSH) has partnered with AE Global's Talk Trash Initiative to introduce certified plastic-negative exit bags at its Nevada-based Oasis Cannabis Dispensary. This collaboration aims to remove 27,000 lbs of ocean-bound plastic from the environment in 2025.
The new exit bags are made from 20% post-consumer recycled material and for every unit produced, twice the amount of plastic used in manufacturing is removed from the environment. The initial order will help remove over 9,000 lbs of plastic, equivalent to keeping over 1 million plastic bottles out of the ocean.
CLS Holdings USA, Inc. plans to extend this sustainable packaging initiative to its City Trees brand in the future, positioning Oasis as a leader in eco-friendly cannabis retail.
CLS Holdings USA announced a major overhaul of its City Trees brand, including new product developments and significant personnel changes aimed at improving efficiency and aligning with market demands. Key highlights include the launch of a solventless rosin vape through a partnership with SOMA, set for July 1, 2024, and new distillate lines featuring Cannabis Derived Terpenes and All Natural Flavors. These initiatives aim to cater to a wide range of cannabis consumers and reflect CLS's commitment to innovation and quality.
FAQ
What is the current stock price of CLS HOLDINGS USA (CLSH)?
What is the market cap of CLS HOLDINGS USA (CLSH)?
When was CLS Holdings USA, Inc. established?
Where is the headquarters of CLS Holdings USA, Inc. located?
What does CLS stand for in CLS Holdings USA, Inc.?
What are the core business segments of CLS Holdings USA, Inc.?
What services does CLS Holdings USA, Inc. offer to cannabis-related businesses?
In which states does CLS Holdings USA, Inc. currently operate?
What is the primary focus of CLS Holdings USA, Inc.?
What products does CLS Holdings USA, Inc. offer?
What is the significance of the partnership between CLS Holdings USA, Inc. and SOMA?
What recent financial achievements has CLS Holdings USA, Inc. reported?
