Company Overview

Company name: Oasis Cannabis
Description: Provider of medical cannabis products. The company’s medical cannabis products include offering of medical marijuana and cannabis-infused products, enabling customers to get local cannabis and medical cannabis treatment.
Year founded: 2015
Parent company: CLS Holdings USA
Industry: Healthcare | Group: Pharmaceuticals and Biotechnology | Code:
Website: www.oasiscannabis.com
Employees:
City: Las Vegas
State: Nevada
Country: United States
Region: Americas

Financial Highlights

Start up capital raised (USD Million):
Business status: Generating Revenue
Ownership: Acquired/Merged (Operating Subsidiary)
Exchange:
Ticker:
Revenue (USD Million):
Gross profit (USD Million):
Net income (USD Million)
Enterprise value:
Earnings before interest, tax, depreciation and amortization (EBITDA):
Fiscal period:
Financing Status: The company was acquired by CLS Holdings USA (PINX: CLSH) for $16 million on June 28, 2018. The acquisition of Oasis provides an exceptional opportunity for the acquirer to enter the rapidly growing and evolving Las Vegas cannabis market. The consideration to be paid is equal to cash in the amount of $6.2 million, a $4 million promissory note due in December 2019 (the “Oasis Note”), and $6 million in shares.
Number of active investors:
Profile last updated: 08-Sep-2018
Last known valuation: 16.00
Last known valuation date: 28-Jun-2018