$CLSH CLS subsidiaries achieved a revenue increase
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Posted On: 01/20/2021 7:58:14 AM
$CLSH CLS subsidiaries achieved a revenue increase of 50.2% in December 2020 compared to December 2019, and an 89.5% increase over December 2018. The Company experienced a 2% decline in gross margin year-over-year as a result of significant promotions on both its wholesale and retail offerings. At its retail division, Oasis Cannabis, a coordinated campaign to provide flower products at lower margins, dubbed ‘Flower to the People', was initiated in an effort to ensure access to products for the economically challenged community of Las Vegas. Despite these challenges, this division experienced its highest New Year's Eve sales total in company history, recording a single day net revenue of $60,485.
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