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Cls Holdings Usa - CLSH STOCK NEWS

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. (CLSH) is a vertically integrated cannabis company specializing in cannabinoid extraction, product development, and retail operations through its Oasis Cannabis dispensaries and City Trees brand. This page provides investors and industry observers with timely updates on corporate developments, financial performance, and strategic initiatives shaping CLSH's position in the evolving cannabis market.

Access comprehensive coverage of earnings reports, partnership announcements, and regulatory updates alongside insights into the company's proprietary extraction technologies and sustainability programs. Our curated news collection serves as a reliable resource for tracking CLSH's market expansions, product innovations, and environmental stewardship efforts.

Key areas of focus include updates on solventless extraction advancements developed with SOMA, retail expansions in Nevada and emerging markets, and progress toward plastic-negative packaging initiatives. Users will find verified information on licensing agreements, operational milestones, and consumer product launches directly from authorized sources.

Bookmark this page for streamlined access to CLSH's official communications and third-party analysis. Check regularly for updates on how the company navigates regulatory challenges while advancing cannabis industry standards through technological innovation and sustainable practices.

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CLS Holdings USA, Inc. (OTCQB:CLSH)(CSE:CLSH) announces expansion into the New Mexico cannabis market through a strategic Licensing Agreement. City Trees, a leading player in the Nevada cannabis market, will now offer its cannabis vapes in New Mexico. The move aims to meet the growing demand for high-quality cannabis products in the region and leverage a state-of-the-art facility and distribution channel of over 500 dispensaries. The company plans to capture a large market share through aggressive pricing and aims to create new job opportunities in New Mexico.
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CLS Holdings USA, Inc. announces Q1 2024 financial results with net revenue of $5.1 million and a net loss of $464 thousand.
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CLS Holdings USA, Inc. reflects on the past fiscal year and discusses strategies for growth and profitability in the cannabis industry. They acknowledge challenges in a restrictive regulatory environment and highlight the potential impact of legislative changes such as the Safe Banking Act and Nevada's SB277. The company has successfully reduced debt and achieved a 2% increase in revenue compared to the previous year. They have implemented AI solutions, including Pluggi, an AI-powered chatbot, which has increased average basket spend and revenue. The VIP loyalty program has also shown positive effects. Overall, CLS Holdings USA, Inc. demonstrates resilience and a commitment to transparency and innovation.
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CLS Holdings USA, Inc. reports FY2023 financial results with net revenue of $23.1 million and a 16% increase in customers served. Gross profit was $9.8 million, representing a 42% margin. Net loss attributable to CLS was $13.8 million. Adjusted EBITDA was positive $693 thousand, a significant increase of 2,678%. Overall, positive financial performance with growth in revenue and gross profit.
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CLS Holdings USA, Inc. announces their new and improved Oasis Cannabis app, developed by the Springbig platform. The app solves communication issues in the cannabis industry and enhances the customer experience. It includes features such as push notifications, rewards points, online shopping, exclusive offers, and a referral program. The app also improves the dispensary's subscription program, known as the Oasis VIP Club.
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CLS Holdings USA, Inc. announces the enhanced version of Pluggi, an AI-powered Budtender named Bud, to improve the customer shopping experience. Bud provides personalized recommendations and education, resulting in increased sales and customer satisfaction. The introduction of Bud has led to a $35,257 increase in revenue over two months, with an average shopping cart value increase of 28%. Bud also helps customers explore options that suit their needs and provides valuable insights through detailed analytics.
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Oasis Cannabis Dispensary is dedicating the month of August to recognize and appreciate its valued employees. The dispensary, known as the 'locals' dispensary', has been providing affordable and superior cannabis products, a welcoming environment, and quality service since 2016. Three long-standing employees, Portia Davis, Norayr Manukyan, and Raphael Maldonado, are being highlighted for their contributions to Oasis's success. The company will end the Employee Appreciation Month with a staff appreciation party featuring food, giveaways, games, and more.
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CLS Holdings USA, Inc. (OTCQB: CLSH), a diversified cannabis company, is utilizing AI solutions to drive growth. The company has introduced an AI budtender that provides personalized recommendations and answers customer questions, leading to a 40%-60% increase in average ticket sales. They have also implemented AI technology for cultivation, allowing early detection of stress issues in plants. CLS Holdings has stood out in the cannabis industry by focusing on local customers, resulting in consistent business growth. Their customer retention rate is 95%, supported by a successful loyalty program. The company has reduced its debt from $23.5 million to $10 million in the past year and plans to continue reducing it by $200,000 per month, aiming for $7 million by the end of the year and $4 million in the next calendar year.
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Cls Holdings Usa

OTC:CLSH

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Drug Manufacturers - Specialty & Generic
Healthcare
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United States
Las Vegas