CLS Holdings' Acquisition Target 'In Good Health' Announces it has Entered into a Host Agreement with the Town of Sandwich for a Second Dispensary in Massachusetts
LAS VEGAS, NV / ACCESSWIRE / June 18, 2019 / CLS Holdings USA Inc. (OTCQB: CLSH) (CSE: CLSH.CN) "CLS", a diversified cannabis company operating as Cannabis Life Sciences, is pleased to announce that it's acquisition target 'In Good Health' has entered into a Host Community Agreement with the Town of Sandwich, Massachusetts, on June 13th, 2019.
In Good Health wishes to locate a Registered Marijuana Dispensary (RMD) for the retail dispensing of medical marijuana products in the Town of Sandwich, the oldest town on Cape Cod. The dispensary should benefit the Town and its citizens through increased economic development, additional employment and a strengthened local tax base. In Good Health must still receive a Certificate of Registration from the Cannabis Control Commission (CCC), or such other state licensing or monitoring authority, and local permits and approvals from the Town. The Town of Sandwich agrees to submit to the CCC, or such other state licensing or monitoring authority, the required Letter of Support or Non-Opposition relating to the Company's application for a Certificate of Registration to operate the Facility.
David Noble, President of In Good Health, states, "We are truly appreciative of the opportunity to open a retail facility in Sandwich and are grateful for the support we received from the town. IGH looks forward to providing its hallmark of outstanding customer service and medicine to the Town of Sandwich and surrounding areas."
Sandwich is a town in Barnstable County, Massachusetts, the oldest town on Cape Cod, turning 375 years old in 2014. The town motto is Post tot Naufracia Portus, "after so many shipwrecks, a haven."
About CLS Holdings USA, Inc.
CLS Holdings USA, Inc. (CLSH) is a diversified cannabis company that acts as an integrated cannabis producer and retailer through its Oasis Cannabis subsidiaries in Nevada, and plans to expand to other states.
CLS stands for "Cannabis Life Sciences," in recognition of the Company's patented proprietary method of extracting various cannabinoids from the marijuana plant and converting them into products with a higher level of quality and consistency. The Company's business model includes licensing operations, processing operations, processing facilities, sale of products, brand creation and consulting services.
Forward Looking Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995 (collectively, the "forward-looking statements"). These statements relate to anticipated future events, future results of operations or future financial performance. These forward-looking statements include, but are not limited to, statements relating to whether and when certain transactions will be completed, including the proposed In Good Health acquisition. In some cases, you can identify forward-looking statements by terminology such as "may," "might," "will," "should," "intends," "expects," "plans," "goals," "projects," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of these terms or other comparable terminology. These forward-looking statements are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements, including, but not limited to, the risk that the conditions precedent contained in the Agreement for the acquisition of In Good Health are not satisfied. We cannot guarantee future results, levels of activity or performance and we cannot guaranty that the proposed transactions described in this press release will occur. You should not place undue reliance on these forward-looking statements, which speak only as of the date that they were made. These cautionary statements should be considered together with any written or oral forward-looking statements that we may issue in the future. Except as required by applicable law, we do not intend to update any of the forward-looking statements to conform these statements to reflect actual results, later events or circumstances or to reflect the occurrence of unanticipated events. See CLS Holdings USA filings with the SEC and on its SEDAR profile at www.sedar.com for additional details.
Chairman and CEO
Adelaide Capital Markets
SOURCE: CLS Holdings USA Inc.
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Released June 18, 2019