CLS Holdings USA, Inc. (CLSH) is a diversified cannabis company that acts as an integrated cannabis producer and retailer through its Oasis Dispensary and City Trees subsidiaries in Nevada, with plans to expand production and distribution in other states. CLS stands for "Cannabis Life Sciences," in recognition of the Company's state-of-the-art scientific method of extracting various cannabinoids from the cannabis plant and converting them into products with a higher level of quality and consistency. The Company's business model includes licensing operations, processing operations, processing facilities, sale of products, brand creation and consulting services.
Company profile
Ticker
CLSH
Exchange
Website
CEO
Jeffrey I. Binder / Benjamin Sillitoe
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Adelt Design, Inc.
SEC CIK
Corporate docs
Subsidiaries
CLS Labs, Inc. • CLS Labs Colorado, Inc. • CLS Nevada, Inc. • CLS Massachusetts, Inc. • CLSCBD LLC. • Kealii Okamalu LLC • Alternative Solutions, L.L.C. • Serenity Wellness Center, LLC • Serenity Wellness Growers, LLC • Serenity Wellness Products, LLC ...
CLSH stock data
Latest filings (excl ownership)
D
$1.35 mm in debt, sold $1.35 mm, 4 investors
7 Mar 24
8-K
Entry into a Material Definitive Agreement
26 Feb 24
8-K
City Trees Production Facility Achieves Unprecedented Milestone with Record- Breaking Sales Month
7 Feb 24
8-K
Entry into a Material Definitive Agreement
5 Feb 24
8-K
CLS Holdings USA Inc. (“CLSH”) Announces Repayment of $3,875,094 in Principal Debenture Obligations
18 Jan 24
D
$1.07 mm in options, sold $1.07 mm, 4 investors
16 Jan 24
10-Q
2024 Q2
Quarterly report
11 Jan 24
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
8 Jan 24
8-K
Entry into a Material Definitive Agreement
3 Jan 24
8-K
Entry into a Material Definitive Agreement
2 Jan 24
Transcripts
Latest ownership filings
Financial summary
Quarter (USD) | Nov 23 | Aug 23 | May 23 | Feb 23 | |
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Diluted EPS |
Annual (USD) | May 23 | May 22 | May 21 | May 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.76 mm | 1.76 mm | 1.76 mm | 1.76 mm | 1.76 mm | 1.76 mm |
Cash burn (monthly) | (no burn) | (no burn) | 282.05 k | 452.00 k | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 1.12 mm | 1.79 mm | n/a | n/a |
Cash remaining | n/a | n/a | 643.90 k | -28.44 k | n/a | n/a |
Runway (months of cash) | n/a | n/a | 2.3 | -0.1 | n/a | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 3 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 10.66 mm |
Total shares | 56.77 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Navy Capital Green Management | 30.57 mm | $2.14 mm |
Tribeca Investment Partners Pty | 13.17 mm | $6.59 mm |
Swanson Todd V | 13.03 mm | $1.93 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Feb 24 | Andrew Glashow | Common Stock | Grant | Acquire A | No | No | 0.039 | 1,000,000 | 39.00 k | 1,125,000 |
1 Feb 24 | Andrew Glashow | Option to purchase common stock Common Stock | Grant | Acquire A | No | No | 0.039 | 6,000,000 | 234.00 k | 6,000,000 |
1 Feb 24 | Charlene Soco | Option to purchase common stock Common Stock | Grant | Acquire A | No | No | 0.039 | 750,000 | 29.25 k | 750,000 |
News
Bearish Sentiment Across The Cannabis Space - Check Full Movers For March 21, 2024
21 Mar 24
Bullish Sentiment Across The Cannabis Space - Check Full Movers For March 20, 2024
20 Mar 24
Cannabis Stock Gainers And Losers From March 19, 2024
19 Mar 24
Bullish Monday For Marijuana Stocks - Greenlane Hldgs, Heritage Cannabis Holding Among Top Gainers
18 Mar 24
Cannabis Stock Movers For March 15, 2024
15 Mar 24
Press releases
CLS Holdings Partners with SOMA to Launch Innovative Solventless Cannabis Vape
5 Mar 24
CLS Holdings USA Inc. ("CLSH") Announces Repayment of $1,526,250 in Principal and Interest Debenture Obligations Along with the Repurchase of 13,274,780 Shares of the Company
26 Feb 24
City Trees Production Facility Achieves Unprecedented Milestone with Record-Breaking Sales Month
6 Feb 24
CLS Holdings USA Inc. ("CLSH") Announces Repayment of $3,875,094 in Principal Debenture Obligations
16 Jan 24
CLS Holdings USA, Inc. Announces Amendments to Convertible Debentures and Underlying Warrants
29 Dec 23