CLS Holdings USA, Inc.
CLSHConsumer Discretionary · Retail-Miscellaneous Retail · NV · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | |
|---|---|---|---|---|---|---|
| Revenue | $20.0M | $23.1M | $22.7M | $19.3M | $11.9M | $8.5M |
| Operating income | −$2.0M | −$3.8M | −$877,855 | −$3.7M | −$28.0M | −$22.8M |
| Net income | −$4.5M | −$13.8M | −$2.3M | −$15.9M | −$30.7M | −$27.6M |
| Total assets | $7.9M | $10.1M | $15.8M | $11.6M | $15.3M | $46.5M |
| Total liabilities | $20.8M | $23.9M | $33.0M | $26.7M | $20.7M | $21.5M |
| Equity | −$11.8M | −$12.7M | −$17.1M | −$15.1M | −$5.4M | $25.0M |
| EPS (diluted) | $-0.05 | $-0.23 | $-0.08 | $-0.13 | $-0.24 | $-0.27 |
| Shares out. | 124.5M | 72.5M | 128.2M | 128.2M | 126.5M | 126.4M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2024- Operating margin
- −10.0%
- Net margin
- −22.5%
- Return on equity
- 38.1%
- Return on assets
- −56.6%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 262.9%
- Debt / equity
- —
- Book value / share
- $-0.09
- Revenue growth (YoY)
- −13.7%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2024- Altman Z″ (distress)
- -57.97distress
- Accruals / assets
- −66.8%clean
- Beneish M-Score
- -4.93normal
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 4 warning● 3 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Strong return on equity (>15%)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Lem Investments LlcActivist (13D)Mar 21, 2025
- Haldan Patrick StibbsActivist (13D)Dec 30, 2024
- Whitmore IanActivist (13D)Dec 30, 2024
- Tribeca Investment Partners Pty LtdPassive (13G)May 7, 2024
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Lem Investments Llc | Oct 28, 2024 | Sell | 750,000 | $0.04 |
| Silver RossDirector | Nov 1, 2024 | Sell | 1.1M | $0.04 |
| Haldan Patrick Stibbs | Oct 28, 2024 | Sell | 750,000 | $0.04 |
| Koretsky Frank10% owner | Jan 15, 2024 | Buy | 10.8M | $0.03 |
| Navy Capital Green Management, Llc10% owner | Sep 10, 2024 | Sell | 15.5M | $0.04 |
| Tribeca Investment Partners Pty Ltd10% owner | Feb 22, 2024 | Sell | 13.2M | $0.04 |
| Glashow AndrewOfficer — CEO and Chairman of the Board | Feb 1, 2024 | Grant | 1.0M | $0.04 |
| Silver RossDirector | Feb 8, 2023 | Buy | 20,000 | $0.09 |
| Glashow AndrewOfficer — President and CEO | Feb 6, 2023 | Buy | 10,000 | $0.08 |
| Glashow AndrewOfficer — President and CEO | Dec 15, 2022 | Buy | 4,737 | $0.07 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| Aug 15, 2025 | 87,566 | 1000.0 | 0.0% |
| Jul 31, 2025 | 87,566 | 1000.0 | 0.0% |
| Jul 15, 2025 | 87,566 | 10.3 | 0.0% |
| Jun 30, 2025 | 87,566 | 1.0 | 0.0% |
| Jun 13, 2025 | 87,566 | 1.0 | +585.8% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Director / officer changeAug 14, 2025
- Director / officer changeAug 8, 2025
- Shareholder vote · Other material eventJun 25, 2025
- Entered a material agreementMar 3, 2025
- Director / officer changeJan 8, 2025
- Entered a material agreementDec 31, 2024
- Shareholder voteNov 8, 2024
- Entered a material agreement · Unregistered equity saleSep 24, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 8-KFORM 8-KAug 14, 2025
- 8-KFORM 8-KAug 8, 2025
- 15-12GFORM 15-12GJun 26, 2025
- SC 13E3/AFORM SC 13E3/AJun 25, 2025
- 8-KFORM 8-KJun 25, 2025
- SC 13E3/AFORM SC 13E3/AMay 30, 2025
- DEF 14AFORM DEF 14AMay 30, 2025
- CORRESPMay 28, 2025
- SC 13E3/AFORM SC 13E3/AMay 28, 2025
- PRER14AFORM PRER14AMay 28, 2025
- UPLOADMay 23, 2025
- CORRESPMay 20, 2025
- SC 13E3/AFORM SC 13E3/AMay 20, 2025
- PRER14AFORM PRER14AMay 20, 2025
- UPLOADMay 14, 2025