Welcome to our dedicated news page for CLS HOLDINGS USA (Ticker: CLSH), a resource for investors and traders seeking the latest updates and insights on CLS HOLDINGS USA.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CLS HOLDINGS USA's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CLS HOLDINGS USA's position in the market.
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CLS Holdings USA Inc. reported a revenue decrease in the fiscal year 2024 third quarter, but achieved positive net cash flow and decreased total liabilities. CEO Andrew Glashow discussed industry challenges and legislative outlook, emphasizing the need for federal reforms.
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End-of-Day
10.22%
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CLS Holdings USA, Inc. announces market expansion into New York's recreational cannabis market with City Trees vape products. The company partners with AUCP License-holders Basin Mixtures to bring its top-quality cannabis products to New York, starting with three signature blends. City Trees aims to capitalize on its success in Nevada by offering popular flavors in the New York market.
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Rhea-AI Sentiment
End-of-Day
8.65%
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CLS Holdings USA, Inc. announces a strategic partnership with SOMA to introduce a revolutionary solventless cannabis vape product in Nevada.
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End-of-Day
-3.85%
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CLS Holdings USA, Inc. (CLSH) announced the retirement of $1,526,250 in debt through repurchasing 15% Debentures, acquiring 13,274,780 shares, and securing $1,350,000 in new loans at 12% interest. The debt reduction strengthens shareholder value by reducing outstanding shares and lowering borrowing costs by 850 basis points.
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End-of-Day
-4.38%
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CLS Holdings USA, Inc. celebrates record-breaking sales month for City Trees, achieving $1,122,296.09 in total revenue. Notable reduction in inventory to $1.5 million from $2.89 million in January '23. Strategic expansion into New Mexico with a successful sell-through of 10,000 units. City Trees solidifies position as the number one vape and concentrate brand in Nevada, showcasing adaptability and market acceptance.
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CLS Holdings USA, Inc. (CLSH) announced the retirement of $4.34 million in debt, reducing total debt obligations from $23.5 million to approximately $7.2 million. The debt reduction was achieved through the repurchase of $3.88 million in principal amount of 8% debentures at a 60% discount, with forgiven interest of $465,007. The retirement also resulted in the cancellation of 5,076,371 warrant rights. The remaining debt was restructured, with repayment terms extended to January 2028 for $3.64 million of the total, financed through the issuance of 64,132,135 restricted shares of CLSH common stock at per share prices of 0.0333 and 0.0345.
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Rhea-AI Sentiment
End-of-Day
-0.21%
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CLS Holdings USA, Inc. (CLSH) announced the amendment of its outstanding unsecured convertible debentures, including changes to conversion price, maturity date, interest accrual, and redemption rights.
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CLS Holdings USA, Inc. (CLSH) is celebrating the 8-year anniversary of Oasis Cannabis Dispensaries, a milestone for one of the first medical dispensaries in Nevada. The success and growth of Oasis mark a testament to the evolving landscape of the cannabis industry, attributed to its product offerings and dedication to fostering a positive environment. The celebration includes honoring dedicated employees, community events, and sharing personal experiences through anniversary videos on social media.
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Rhea-AI Sentiment
End-of-Day
26.65%
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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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Rhea-AI Sentiment
End-of-Day
-8.65%
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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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Rhea-AI Sentiment
End-of-Day
3.33%
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CLS HOLDINGS USA INC
OTC:CLSH
CLSH Rankings
CLSH Stock Data
6.21M
61.77M
32.83%
23.04%
Wood Kitchen Cabinet and Countertop Manufacturing
Manufacturing
United States of America
Pinecrest
About CLSH
cls holdings usa, inc. focuses on the extraction and conversion of cannabinoids in the united states. the company extracts various cannabinoids from the cannabis plants and converts into concentrates, such as oils, waxes, edibles, and shatters. its concentrates are used for electronic cigarettes vaporization, and pharmaceutical and other purposes. the company also offers consulting services to cannabis-related businesses comprising growers, dispensaries, and laboratories. cls holdings usa, inc. was founded in 2014 and is based in las miami, florida.