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CLS Holdings USA, Inc. reports developments tied to its diversified cannabis business operating as Cannabis Life Sciences. Company news centers on the City Trees brand, cannabis vape and concentrate products, the Oasis Cannabis Dispensary in Las Vegas, licensing-based market expansion, and partnerships involving solventless extraction technology and sustainable retail packaging.
Recurring updates also cover quarterly performance commentary, Nevada cannabis operations, out-of-state brand activity in New Mexico and New York, debt retirement, share repurchases, reverse stock split actions, and exchange-status matters. The company’s announcements commonly connect product development and dispensary activity with capital-structure and public-company governance decisions.
CLS Holdings USA (OTCQB: CLSH) has announced significant corporate actions including a major reverse stock split and delisting from the Canadian Securities Exchange (CSE). The company will implement a 1-for-4,000,000 share consolidation effective July 11, 2025, following stockholder approval where 94.27% voted in favor.
Instead of issuing fractional shares, the company will provide cash payments of $0.037 per pre-consolidation share to affected stockholders. Additionally, CLS Holdings will voluntarily delist from the CSE at the close of business on the effective date and plans to cease being a reporting issuer in Canada using the simplified procedure under National Policy 11-206.
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.
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