About Oasis
Cannabis (http://oasiscannabis.com)
Oasis Cannabis has operated
a cannabis dispensary in the Las Vegas market since dispensaries
first opened in Nevada in 2015 and has been recognized as one of
the top marijuana retailers in the state. Its location within
walking distance to the Las Vegas Strip and Downtown Las Vegas in
combination with its delivery service to residents allows it to
efficiently serve both locals and tourists in the Las Vegas area.
The company recently commenced wholesale offerings of cannabis in
Nevada with the launch of its City Trees brand of cannabis
concentrates and cannabis-infused products in August 2017. An
expansion of its cultivation and production facility is currently
underway and is expected to be completed during the second half of
2018.
About CLS Holdings
USA
CLS Holdings USA, Inc.
(OTCQB: CLSH) plans to become a diversified cannabis company and is
expanding its corporate strategy to becoming a fully licensed
integrated cannabis producer and retailer in Nevada and other
western states. Its strategy and business model will be similar to
Canopy Growth (WEED.TO), Aurora Cannabis (ACB.TO) and GB Sciences
(GBLX).
CLS stands for "Cannabis
Life Sciences," in recognition of the Company's patent pending
proprietary method of extracting various cannabinoids from the
marijuana plant and converting them into products with a higher
level of quality and consistency. CLS has recently received a
Notice of Allowance from the U.S. Patent Office for this
methodology. The Company's business model includes licensing
operations, processing operations, processing facilities, sale of
products, brand creation and consulting services.
Disclaimer
CLS has executed a
definitive agreement to acquire the Oasis Cannabis companies
(Alternative Solutions, LLC). The closing of the transaction
is subject to the satisfaction of a number of conditions including
our ability to raise cash, and as a result, there can be no
assurance that we will be able to close the Oasis Acquisition. See
CLS Holdings USA’s filings with the SEC for additional
details.
Twitter:
@CLSHusa
Forward
Looking Statements
This press release contains
forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. These statements relate
to anticipated future events, future results of operations or
future financial performance. These forward-looking statements
include, but are not limited to, statements relating to whether
certain transactions will be completed, the terms of such
transactions, the descriptions of the companies and the business
that any potential target companies could bring to CLS Holdings. In
some cases, you can identify forward-looking statements by
terminology such as "may," "might," "will," "should," "intends,"
"expects," "plans," "goals," "projects," "anticipates," "believes,"
"estimates," "predicts," "potential," or "continue" or the negative
of these terms or other comparable terminology. These
forward-looking statements are only predictions, are uncertain and
involve substantial known and unknown risks, uncertainties and
other factors which may cause our actual results, levels of
activity or performance to be materially different from any future
results, levels of activity or performance expressed or implied by
these forward-looking statements. We cannot guarantee future
results, levels of activity or performance and we cannot guaranty
that the proposed transactions described in this press release will
occur. You should not place undue reliance on these forward-looking
statements, which speak only as of the date that they were made.
These cautionary statements should be considered together with any
written or oral forward-looking statements that we may issue in the
future. Except as required by applicable law, we do not intend to
update any of the forward-looking statements to conform these
statements to reflect actual results, later events or circumstances
or to reflect the occurrence of unanticipated
events.
CLS Holdings USA has entered
into a definitive agreement to acquire Oasis Cannabis, which is
expected to close in the second quarter of 2018. See CLS Holdings
USA filings with the SEC for additional details.
Contact Information:
Corporate: Chairman and CEO Jeff Binder jeff@clsholdingsinc.com 888-438-9132
Investors: Hayden IRCLSH@haydenir.com 917-658-7878