Provides Additional Growth Capital Led by Navy Capital, a Leading Cannabis Focused Institution
CLS Holdings USA, Inc. (OTCQB: CLSH) “CLS,” a diversified cannabis company operating as Cannabis Life Sciences and an integrated cannabis producer and retailer in Nevada through its Oasis Cannabis subsidiaries, today announced a closing of a $5.9 million investment.
The private placement participation was from several existing shareholders demonstrating their confidence in the Company’s business and strategy. The round was led by existing holder, Navy Capital, a cannabis-focused institutional fund based in New York City.
John Kaden, Managing Partner and Chief Investment Officer of Navy Capital, stated, “We are very pleased with the progress of CLS Holdings since our initial investment several months ago. We believe CLS Holdings possesses opportunity to be a premier vertically integrated cannabis business in Nevada and we are excited about their prospects in Massachusetts. We expect that CLS quickly will establish itself as one of the top companies in the emerging U.S. cannabis market.”