 LAS VEGAS, NV ACCESSWIRE October 12, 2021 CLS Holdings USA, Inc. OTCQB:CLSHCSE:CLSH, the Company or CLS, a diversified cannabis company operating as Cannabis Life Sciences, today announced its operational and financial results for the first quarter of fiscal 2022, ended August 31, 2021. Key Q1 Financial Operational Accomplishments The Company achieved a positive net profit for the first time in its history, making it the most profitable quarter to date Net income for the quarter ended August 31, 2021 was 427,599, Net loss for the quarter ended August 31, 2020 was 1,145,036 Revenue growth proved to be significant with an increase of 45.5 compared to last years Q1 numbers The company saw an 11 reduction in SGA dropping from 63.6 of revenue in Q1 FY21 to 52.6 in Q1 FY22 CLS was able to maintain the same gross margin of 52.7 for the quarter, year-over-year YOY, which allowed the Company to achieve its goal of being over 50 The Company saw a 4.8 increase in its gross margin from three months ended in May 2021 to the quarter ended in August 2021 Oasis Cannabis, CLS retail division, saw a continual increase in transactions processed YOY for the months making up Q1 FY22 City Trees, the Companys branded product division, saw a number of successes this quarter: Recorded a continued increase in monthly year-over-year net revenue from June to August 2021 Continued to hold its standing as the number one selling tincture brand in the state of Nevada Achieved a ranking of third for the most units sold in Nevada for the entire concentrate category including dabbable concentrates and vapes for the quarter. 