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Reporting from Las Vegas at this year’s biggest MJBizCon show to date, from the first ever Podcasters Row, today’s podcast features an interview with management from CLS Holdings USA, Inc. (OTCQB:CLSH). Director Andrew Glashow sits down with Investor Ideas to discuss their business model, strategy and how their management team separates them from the pack.
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Director Andrew Glashow said, “For us, the model is to find cannabis entities that are on the cusp or precipice of going from a medicinal only marketplace to a recreational or adult use market.”
Glashow also shares, “States for us that make a lot of sense are Massachusetts and Michigan. We have made a strong push to enter the Massachusetts market. We have signed up two transactions in that marketplace. Massachusetts represents for us a massive, massive marketplace; we are aiming for, by 2020, for that to represent $150 Million US plus in total revenue.”
Glashow boldly states, “We think we can compete against anybody and we look forward to competing against all of our peers and competitors, as long as there is a level playing field. We like Massachusetts and Nevada very much because the rules are clearly defined and we intend to play by those rules.”
The leadership team of this company is integral to its success and has been together for over four years. Putting skin in the game so they can relate directly to shareholder value concerns, they have collectively invested $9 million US dollars.
Glashow commenting on that notes, “What’s most important to us is that management not only knows what they are doing today but also have the foresight and the visibility that we share in order to grow this business immensely.”
Cannabis Life Sciences is the developer of a proprietary patent-pending extraction and conversion methodology that has potential to increase both yield and quality of cannabinoid oils extracted from cannabis plants.
CLS is in the process of expanding its business strategy to include cultivation, production, and retail dispensaries and is currently in the process of acquiring Oasis Cannabis, a Las Vegas-based, vertically integrated cannabis company. The firm is now entering the Massachusetts cannabis market as well.
Read Bio of Director Andrew Glashow: https://www.clsholdingsinc.com/about/board-of-directors
For additional information, please visit: http://www.clsholdingsinc.com
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