CLS Holdings USA Inc President and COO Andrew Glashow joined Proactive to discuss recent growth coming from its subsidiaries in Nevada, which generated net revenue of $1.9 million and a gross margin of 46% during October. Glashow says the Las Vegas-based company's revenue increased 8% year-over-year and 87% compared to 2019.
Its wholesale division at its branded City Trees subsidiary continued a steady rise with net revenue growth of 34% year-over-year and 140% from 2019, while the company's retail division, Oasis Cannabis, continued to exceed its goal of a greater than $50 average order size with orders averaging $57 in October.