LAS VEGAS, NV / ACCESSWIRE / October 10, 2017, CLSH / CLS Holdings USA, Inc. (OTCQB: CLSH) “CLS”, a development stage diversified cannabis company operating as Cannabis Life Sciences, announced today that it has completed an agreement to exchange approximately $325,000 due to Old Main Capital, LLC for shares of its common stock. As a result, CLS has retired all of its outstanding long-term debt obligations.
“As CLSH continues to move forward with its plans, we felt it was important to all our stakeholders to eliminate all long-term debt,” stated Jeff Binder, Chairman and CEO.
About CLS Holdings
CLS Holdings USA, Inc. (OTCQB: CLSH) plans to become a diversified cannabis company and is shifting its corporate strategy to becoming a fully licensed integrated cannabis producer and retailer in Nevada and other western states. CLS stands for “Cannabis Life Sciences,” in recognition of the Company’s patent pending 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.
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