$CLSH Four Months of Record-Setting Revenue Octob
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Posted On: 11/11/2020 5:37:40 AM
$CLSH Four Months of Record-Setting Revenue
October net revenue at CLS Nevada entities reached another new high for the Company, achieving a fourth consecutive record month, with total net revenue reaching $1.787 million across all divisions, representing a 74.24% increase over October 2019, and 4.85% increase over September 2020. The total number of transactions processed at Oasis increased by 10.4% compared to October 2019, rising from an average of 675 transactions per day to 745 transactions per day including delivery and curbside services. Further, the average order size at Oasis grew from $37.00 during October 2019 to $57.79 during October 2020, an increase of 56.19% . These increases are especially notable in light of the continued reduction in operating hours at the dispensary. Along with reaching the highest net revenue month for Oasis, the division also achieved its highest single-day sales total on October 16.
"The momentum of the summer has carried through to the fall, and we couldn't be more proud of our teams in Nevada", said Company President and COO Andrew Glashow. "We are still operating under significantly reduced hours with a maintained focus on the health and safety of our customers and team members on both the retail and manufacturing sides. Moving into the holiday season, we will remain vigilant on this front while nurturing the strong relationships we've built in the community."
https://www.wsj.com/articles/cls-holdings-usa...71?tesla=y
October net revenue at CLS Nevada entities reached another new high for the Company, achieving a fourth consecutive record month, with total net revenue reaching $1.787 million across all divisions, representing a 74.24% increase over October 2019, and 4.85% increase over September 2020. The total number of transactions processed at Oasis increased by 10.4% compared to October 2019, rising from an average of 675 transactions per day to 745 transactions per day including delivery and curbside services. Further, the average order size at Oasis grew from $37.00 during October 2019 to $57.79 during October 2020, an increase of 56.19% . These increases are especially notable in light of the continued reduction in operating hours at the dispensary. Along with reaching the highest net revenue month for Oasis, the division also achieved its highest single-day sales total on October 16.
"The momentum of the summer has carried through to the fall, and we couldn't be more proud of our teams in Nevada", said Company President and COO Andrew Glashow. "We are still operating under significantly reduced hours with a maintained focus on the health and safety of our customers and team members on both the retail and manufacturing sides. Moving into the holiday season, we will remain vigilant on this front while nurturing the strong relationships we've built in the community."
https://www.wsj.com/articles/cls-holdings-usa...71?tesla=y
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