$CLSH CLS Nevada June 2021 Financial and Operation
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Posted On: 07/13/2021 11:33:23 AM
$CLSH CLS Nevada June 2021 Financial and Operational Highlights
Retail subsidiary, Oasis Cannabis, achieved a 48.9% increase in monthly net revenue year-over-year, alongside a 36.8% increase in the number of transactions processed.
Branded wholesale division, City Trees, recorded a 110.7% increase in monthly year-over-year net revenue.
Combined monthly revenue for both divisions increased by 63.1% over June 2020, and by 88.2% over June 2019.
CLS continues to improve gross margin with an 8.9% increase compared to June 2020 and a 16.9% increase compared to June 2019.
Despite the extremely competitive market, the company's results have outpaced the state average.
The Company announced its limited endorsement of UFC welterweight fighter, Sasha Palatnikov, through its City Trees brand.
Retail subsidiary, Oasis Cannabis, achieved a 48.9% increase in monthly net revenue year-over-year, alongside a 36.8% increase in the number of transactions processed.
Branded wholesale division, City Trees, recorded a 110.7% increase in monthly year-over-year net revenue.
Combined monthly revenue for both divisions increased by 63.1% over June 2020, and by 88.2% over June 2019.
CLS continues to improve gross margin with an 8.9% increase compared to June 2020 and a 16.9% increase compared to June 2019.
Despite the extremely competitive market, the company's results have outpaced the state average.
The Company announced its limited endorsement of UFC welterweight fighter, Sasha Palatnikov, through its City Trees brand.
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