August 31, 2021 6:01 AM EDT
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LAS VEGAS, NV / ACCESSWIRE / August 31, 2021 / CLS Holdings USA, Inc. (OTCQB: CLSH)(CSE: CLSH), the ”Company” or ”CLS”, a diversified cannabis company operating as Cannabis Life Sciences, today announced its financial results for the fiscal year ended May 31, 2021. This time period represented the most successful fiscal year for the Company, which achieved multiple record-setting months at both the retail and wholesale subsidiary level.
Financial Summary for Fiscal Fourth Quarter 2021 vs. Fiscal Fourth Quarter 2020
Total revenue for the fourth fiscal quarter of 2021 increased by 107.9% over the fourth fiscal quarter of 2020.Gross margin for the fourth fiscal quarter of 2021 was 46.3% a 1.3% increase over the fourth