Mergers and acquisitions are considered risky business in the nascent marijuana industry, but CLS Holdings (CLSH.U) has targeted the closest thing to a sure bet.
For the second straight month, CLS Holdings USA (CLSH.C) topped USD$1 million in sales. The Las Vegas-based cannabis holding company saw massive growth across all major business lines, from dispensaries to branded products.
A few weeks ago we informed readers that CLS Holdings USA (CLSH.C) was targeting Massachusetts in a nation-wide expansion of its pot dispensaries. Well, the the Las Vegas-based cannabis holding company has just announced that it’s on track to acquire its second dispensary in the New England state.
Revenues are quickly becoming the new watermark through which to judge companies in the cannabis space, so Cannabis Life Sciences Holdings (CSE:CLSH.U) is fairly chuffed that their subsidiaries, The Oasis Cannabis dispensary and City Trees, have set a new revenue record of USD$ 1 million in March 2019.
I love it when the market is busy fighting over inflated market caps, because I’m a Moneyball guy. I like value, and while a lot of money has moved toward Canadian cannabis operators in recent years, the size of the market down south is only now starting to become clear.