The last few months in marijuana stocks have been widely unpredictable. With so much going in the pot stock space, it can often be difficult to find a company with true value. Despite the fact that there is fervent competition throughout the industry, some businesses have been able to shine through with innovative products and a new approach to selling products. Because of this, they have been highlighted by some investors as having more value than others.
A Marijuana Retailer with a Bright Future
CLS Holdings USA (CLSH) is one of the leading operators of cannabis dispensaries currently working out of the pot stock space. The company mainly operates a dispensary known as Oasis Cannabis, based out of Las Vegas. With the dispensary being open since 2015, it seems as though they are poised to continue seeing success throughout the near future.
CLS Holdings is considered to be a diversified cannabis company that works as a producer of the substance and a retailer. The company has made it their goal to produce some of the highest quality cannabis extracts that they do through a proprietary method. Once they extract the substance, the product is then turned into a salable vaporizer substance with an extremely high level of quality and consistency. Not only is CLS Holdings in charge of licensing operations, they also deal in processing operations, processing facilities, product sales, brand creation and consulting.
A Big Announcement for CLS Holdings
CLS Holdings recently announced its June results. The results show that they saw revenue north of $650,000 which is an increase of 130% on the same time as the prior year. In the same month, they also were able to serve as many as 16,500 customers, which is an 88% increase over the previous year.
The company stated that “June was another fantastic month for both the Oasis Dispensary and City Trees. We continue to see year over year growth in revenue and gross profit. Traffic at Oasis continues to increase, City Trees continues to grow and we are constantly innovating to add new product lines. Our proprietary conversion and extraction production facility is under construction and remains on track for completion in October.” With so much going for Oasis Cannabis and CLS Holdings overall, they remain a strong player in the marijuana stock market.
Another Interesting Marijuana Stock to Watch
Aleafia Health (NASDAQOTH:ALEAF) is a company that operates by producing cannabis for sale in various health and wellness clinics. With their groundbreaking deal to purchase Emblem, they have been able to raise that production amount substantially. The company’s main focus is on their clinics that they sell prescription marijuana at. In these locations, they can sell both their branded products and others that they deem high enough quality. With such high margins for the retail side of their business, Aleafia Health is a marijuana stock that definitely is making big waves. The hopes are high that they can continue to perform this well into the coming years and beyond.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and CLS Holdings USA Inc. (CLSH), Midam has been paid $200,000 from CLS Holdings USA Inc. (CLSH) for a period from April 26, 2019 to May 26, 2019. We may buy or sell additional shares of (CLSH) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about CLS Holdings USA Inc. (CLSH).