$CLSH huge news out: ACCESSWIRE / April 21, 2020 /
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Posted On: 04/21/2020 10:47:37 AM
$CLSH huge news out: ACCESSWIRE / April 21, 2020 / CLS Holdings USA, Inc. (CLSH)(CLSH) ("CLS" or the ''Company''), a diversified cannabis company operating as Cannabis Life Sciences, announced today its March 2020 revenue of $1.063 compared to March 2019 revenue of $1.068 million. Gross margin for March 2020 was $500,000 compared to $392,000 in March of 2019, an increase of 27%.
"Our Oasis retail operations saw a 27% increase in customers served from 12,937 in March of 2019 to 16,435 in March of 2020, despite state-wide restrictions on business and tourism due to the outbreak of COVID-19. Our retail dispensary was closed following a March 20th state mandate, and thereafter all retail operations were suspended for 3 days while we successfully transitioned to a delivery-only platform that is now executing at a high level and fulfilling upwards of 95% of orders on a "same day" basis", said Andrew Glashow President/COO"..
Oasis has streamlined operations by developing a driver delivery model that is maximizing retail efficiency. Oasis is receiving an average of 350 orders per day and has seen average order size of approximately $80, an increase of 2 times our average in-store order in February of 2020. Retail operations are now operating 14 hours a day versus the pre-COVID-19 24 hours a day,
"Our Oasis retail operations saw a 27% increase in customers served from 12,937 in March of 2019 to 16,435 in March of 2020, despite state-wide restrictions on business and tourism due to the outbreak of COVID-19. Our retail dispensary was closed following a March 20th state mandate, and thereafter all retail operations were suspended for 3 days while we successfully transitioned to a delivery-only platform that is now executing at a high level and fulfilling upwards of 95% of orders on a "same day" basis", said Andrew Glashow President/COO"..
Oasis has streamlined operations by developing a driver delivery model that is maximizing retail efficiency. Oasis is receiving an average of 350 orders per day and has seen average order size of approximately $80, an increase of 2 times our average in-store order in February of 2020. Retail operations are now operating 14 hours a day versus the pre-COVID-19 24 hours a day,
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