CannabisNews420.com – Cannabis/Marijuana Industry News
Marijuana stocks have remained quite substantial in terms of value over the course of the past several months. In that time, we have seen companies move toward reaching their future goals, all while adhering to the strict guidelines that the industry provides. One of the main hurdles for marijuana companies has been the advent of that very legislation that has halted the market overall. In the U.S., companies are still working heavily to fight for their right to sell cannabis domestically. All in all, marijuana looks like it could continue to present some opportunistic results for the near future.
CLS Holdings USA (CLSH) is a diversified cannabis company currently operating out of the Nevada market. Through their various subsidiaries such as Oasis Cannabis, the company has shown that they have the skill to become one of the leading retailers of marijuana in a given industry. The company has also been working on expanding to other states outside of the Nevada market, which could be a big benefit for the company.
Additionally, CLS Holdings has staked their claim as one of the main producers of high-quality cannabis extractions, which they do through a proprietary method. Alongside the retail market, the company as a whole also participates in licensing operations, processing, product sales, brand creation and consulting services. Their broad business plan has helped to cement them as one of the key companies in this side of the industry.
Recently, the company announced that they saw record results for the month of May, especially with their Oasis Dispensary brand. The company states that they saw revenue of as much as $684,000 which is an over 50% increase from that month in the year prior. The company also stated that they saw their foot traffic increase by over 70% to 16,000 customers served during the month. The team at CLS Holdings stated that May was a great month for CLS. Both Operating divisions experienced growth in revenue and margin expansion.
The team continues to execute at a high level and the combined operating divisions experienced another profitable month. The first 5 months of the calendar year 2019 have provided a strong foundation for continued strong performance.” All in all, CLS Holdings remains one of the cornerstones of the cannabis industry.
CannTrust Holdings (NYSE:CTST) is another one of the big cannabis players in the market. The company recently announced that they have planned a $200 million offering, which should help them to gain the capital they need to find more success in the coming future. Although this does show there to be some amount of dilution, this does not appear to be a big worry for investors.
The company has also stated that they have the potential to put out as much as 100,000 kilograms of cannabis when operating at full capacity. Additionally, they have the potential to grow more than double that in their outdoor facility, which could see them becoming one of the major cannabis companies in the market. While the potential is there, it seems as though it depends on how well they can execute their business model in the coming years.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and CLS Holdings USA Inc. (CLSH), Midam has been paid $200,000 from CLS Holdings USA Inc. (CLSH) for a period from April 26, 2019 to May 26, 2019. We may buy or sell additional shares of (CLSH) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about CLS Holdings USA Inc. (CLSH).
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