CLS Holdings Announces Opening of THC Extraction and Production Facility
05 12월 2019 - 8:30PM
via NEWMEDIAWIRE -- CLS Holdings USA, Inc. (OTCQB: CLSH, CSE: CLSH)
(“CLS” or the ''Company''), a diversified cannabis company
operating as Cannabis Life Sciences, is pleased to announce that,
through its 100% owned City Trees subsidiary, it has completed the
buildout and licensing for phase 1 of its North Las Vegas
processing facility.
The new, state-of-the-art extraction and production facility
allows CLS to produce its own THC oil for use in all City Trees
branded products. CLS also expects to partner with 3rd
party organizations interested in having their products
manufactured at the newly licensed facility.
The new manufacturing facility passed inspection with the North
Las Vegas Fire Department for its phase 1 Hydrocarbon extraction
and processing. This marks two key paths forward for the Company to
capture and produce live and cured resin products for the
burgeoning Nevada market and to utilize this manufacturing method
to separate cannabis derived terpenes for current and future
products.
“We continue to strategically enhance our City Trees brand and
our new manufacturing facility represents yet another milestone to
our Las Vegas operations,” commented Andrew Glashow, President and
COO of CLS Holdings. “By producing our own full spectrum of THC oil
and THC distillate, we anticipate expanding the City Trees branded
product offerings while never wavering from delivering safe
products in accordance with our high quality and purity
standards.”
About CLS Holdings USA, Inc.
CLS Holdings USA, Inc. (CLSH) is a diversified
cannabis company that acts as an integrated cannabis producer and
retailer through its Oasis Cannabis subsidiaries in Nevada and
plans to expand to other states. CLS stands for ''Cannabis Life
Sciences,'' in recognition of the Company's patented proprietary
method of extracting various cannabinoids from the marijuana 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.
http://www.clsholdingsinc.com
Twitter: @CLSHusa
About Oasis Cannabis
Oasis Cannabis has operated a cannabis dispensary
in the Las Vegas market since dispensaries first opened in Nevada
in 2015 and has been recognized as one of the top marijuana
retailers in the state. Its location within walking distance to the
Las Vegas Strip and Downtown Las Vegas in combination with its
delivery service to residents allows it to efficiently serve both
locals and tourists in the Las Vegas area. In February 2019, it was
named ''Best Dispensary for Pot Pros'' by Desert Companion
Magazine. In August 2017, the company commenced wholesale offerings
of cannabis in Nevada with the launch of its City Trees brand of
cannabis concentrates and cannabis-infused products.
http://oasiscannabis.com
About City Trees
Founded in 2017, City Trees is a Nevada-based
cannabis cultivation, production and distribution company. Offering
a wide variety of products with consistent results, City Trees is
one the fastest growing wholesale companies in the industry. Its
products are now available at 40 dispensaries.
https://citytrees.com
Forward Looking Statements
This press release contains certain ''forward-looking
information'' within the meaning of applicable Canadian securities
legislation and ''forward-looking statements'' as that term is
defined in the Private Securities Litigation Reform Act of 1995
(collectively, the ''forward-looking statements''). These
statements relate to anticipated future events, future results of
operations or future financial performance, and anticipated growth,
including the timing of anticipated construction and implementation
of our expansion plan. In some cases, you can identify forward
looking statements by terminology such as ''may,'' ''might,''
''will,'' ''should,'' ''intends,'' ''expects,'' ''plans,''
''goals,'' ''projects,'' ''anticipates,'' ''believes,''
''estimates,'' ''predicts,'' ''potential,'' or ''continue'' or the
negative of these terms or other comparable terminology. These
forward-looking statements are only predictions, are uncertain and
involve substantial known and unknown risks, uncertainties and
other factors which may cause our actual results, levels of
activity or performance to be materially different from any future
results, levels of activity or performance expressed or implied by
these forward-looking statements. We cannot guarantee
future results, levels of activity or performance and we cannot
guaranty that the proposed transactions described in this press
release will occur. You should not place undue reliance on these
forward-looking statements, which speak only as of the date that
they were made. These cautionary statements should be considered
together with any written or oral forward-looking statements that
we may issue in the future. Except as required by applicable law,
we do not intend to update any of the forward-looking statements to
conform these statements to reflect actual results, later events or
circumstances or to reflect the occurrence of unanticipated events.
See CLS Holdings USA filings with the SEC and on its SEDAR profile
at www.sedar.com for additional details.
Contact Information
Corporate:
Chairman and CEO
Jeff Binder
jeff@clsholdingsinc.com
888-438-9132
Investor Relations:
Torrey Hills Capital
Clay Chase
cc@sdthc.com
858-456-7300
CLS Holdings USA (CSE:CLSH.U)
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