Now that cannabis is legal in many jurisdictions throughout North America, and now that distributors are becoming as competitive as they are, it takes something really exciting to grab investors and would-be investors by the lapels.
CLS Holdings USA, Inc. (OTC:CLSH) said Wednesday its Oasis Cannabis subsidiary, a premier 24-hour dispensary near the Strip and Downtown Las Vegas, announced the results of its grand reopening weekend. It was an occasion heralded as the biggest three days in company history.
Oasis Cannabis boasted that it received over 2,000 visitors and processed over 1,750 orders in the three days, with an average sale of $50.00 and a gross margin of 46%.
Many repeat customers reportedly showed up to support the store.
Oasis 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.
Parent CLS stock gained nearly three cents, or 8.7%, by noon hour EDT on Wednesday, to 37 cents, on volume closing in on 200,000 shares.
