FinancialBuzz.com’s latest Buzz on the Street: Corporate news recap on “CLS Holdings USA Closes approximately $12 Million Private Placement of Convertible Debentures” and “CLS Holdings USA, Inc Announces Receipt for Final Prospectus From Ontario Securities Commission and Conditional Approval to List on the Canadian Securities Exchange”
CLS Holdings USA, Inc. (OTCQB: CLSH) just landed 12 Million Dollars of funding by offering 8% of its senior unsecured convertible debentures, which will be used to continue its expansion strategy in both Nevada and Massachusetts. This is the first tranche that CLS management has raised since the company’s conditional listing agreement with the CSE, which will see the company list its common shares under the ticker, CLSH
Cannabis Life Sciences is the developer of a proprietary patent-pending extraction and conversion methodology that has potential to increase both yield and quality of cannabinoid oils extracted from cannabis plants. CLS is in the process of expanding its business strategy to include cultivation, production, and retail dispensaries, and is currently in the process of acquiring Oasis Cannabis, a Las Vegas based vertically integrated cannabis company.
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