Stock Market

r/StockMarket – CLSH – CLS Holdings USA, Inc. Announces Second Quarter Fiscal 2021 Results

Total revenues were $4,907,889 compared to $3,056,431 reported in the same quarter in 2019, representing an increase of over 61%, and a 29.8% increase over the first fiscal quarter of 2021.Gross margin increased to 55% – an increase of 7% over the quarter ended November 30, 2019.CLS manufacturing division, City Trees, achieved a 58% increase in year-over-year quarterly revenue through a successful rebrand, a newly curated product catalog, and reinvigorated sales efforts .Retail division, Oasis Cannabis, continued to see significant in-store, delivery, and curbside traffic that drove a 22.1% increase in the average daily revenue total and a 7.6% year-over-year increase in the total number of customers served. The average transaction total at Oasis Cannabis rose 13.4% year-over-year, from $49.39 in the second quarter of fiscal 2020 to $56.02 in the comparable quarter of fiscal 2021.

Image: https://www.accesswire.com/users/newswire/images/624029/f19b7068-5713-40fa-b7ab-0b0b0d5684d7.jpeg

https://www.barchart.com/story/stocks/quotes/CLSH/overview/944228/cls-holdings-usa-inc-announces-second-quarter-fiscal-2021-results


Source link

Related Articles

Back to top button