CLS Holdings USA Inc (OTCMKTS:CLSH) has released a podcast on medical marijuana benefits as it plans to increase the market share.
CEO and Chairman, Jeffrey Binder of CLS has explained about many marketing opportunities of medical marijuana to Everett Jolly of Stock Day. For example, the state of Colorado has been using medical marijuana for several years successfully.
Jolly along with Jeffrey Binder said the addiction cases of opioid has actually dropped in states where medical marijuana is in use. This podcast is to educate the users on a lot of benefits of medical marijuana.
CLS Holdings USA Inc Eyes Business Expansion in Massachusetts
According to Jeffrey Binder, CLS is expanding to Massachusetts where just 39 medical licenses exist. Therefore, the company is putting in efforts to enhance the market share.
CLS Holdings to Provide a $5 million Loan to Brockton Based Medical Dispensary In Good Health
CLS Holdings will provide a five million dollar loan to In Good Health. The company also has an option to takeover In Good Health in future.
In Good Health is engaged in supplying product offerings like vapes, concentrates, flower, pre-rolls, edibles, and tinctures to one thousand seven hundred homes. It is also servicing seventeen thousand registered patients.
CLS Holdings Plans to Form a JV with CannAssist
CLS Holdings has joined hands with CannAssist to establish a JV in which the former will hold a stake of 80%. CannAssist will establish a licensed recreational 86,000 sq. ft. cultivation in Leicester subject to the receipt of recreational licenses.
The cultivation grow facility based in Leicester, Massachusetts is expected to generate the first harvest in Q4, 2019. Once, the facility is operating at a full capacity, it will produce 0.858 million extract and 20,000 labs of the flower. The revenues of this plant are expected to touch $120 million. Jeffrey Binder is excited to expand the business to Massachusetts that holds a population of 6.9 million.
CLS Holdings Plans to Takeover Oasis Cannabis
CLS Holdings is planning to acquire a Las Vegas based Oasis Cannabis. The deal is subject to the availability of cash. Oasis warehouse holds an eighteen thousand sq. ft. cultivation facility.