Latest news with #CLS
Globe and Mail
11 hours ago
- Business
- Globe and Mail
CLS Holdings USA, Inc. Provides Update on Reverse Stock Split (Share Consolidation) and Announces CSE Delisting
Las Vegas, Nevada--(Newsfile Corp. - July 9, 2025) - CLS Holdings USA, Inc. (OTCQB: CLSH) (CSE: CLSH) (the " Company" or " CLS"), announces that on June 24, 2025, the holders (" Stockholders") of the common shares of the Company (" Shares") approved a proposal to effect a reverse stock split (a share consolidation) (the " Consolidation") of the common shares of the Company (" Shares") on the basis of one post-Consolidation Share for every 4,000,000 pre-Consolidation Shares issued and outstanding. Stockholders approved the Consolidation at a special meeting of Stockholders on July 24, 2025, where 135,687,759 Shares (94.27% of Shares present in person or by proxy) were voted in favour of approving the Consolidation, 8,235,864 Shares (5.72% of Shares present in person or by proxy) were voted against, and Stockholders holding 11,841 Shares (0.01% of Shares present in person or by proxy) abstained from voting. Further details of the Consolidation may be found in the Company's proxy statement dated May 30, 2025 (the " Proxy Statement"). On April 16, 2025, the Board of Directors of the Company voted unanimously to approve the Consolidation. Following receipt of Stockholder approval for the Consolidation, the Board of Directors has determined that the effective date of the Consolidation will be the close of business on July 11, 2025 (the " Effective Date"). The Company will not issue fractional shares resulting from the Consolidation. Instead, the Company will pay Stockholders of record as of the Effective Date who would have received a fractional share as a result of the Consolidation a cash payment equal to three-point-seven cents ($0.037) per pre-Consolidation Share. Stockholders must hold their Shares on the Effective Date in order to receive a cash payment. No action is required by Stockholders in order to receive the cash payment. In connection with the Consolidation, CLS has applied to voluntarily delist its Shares from the Canadian Securities Exchange (" CSE"). The Shares are expected to be delisted from the CSE on the close of business on the Effective Date. CLS intends to apply to cease to be a reporting issuer in Canada using the "simplified procedure" under Canadian National Policy 11-206 - Process for Cease to be a Reporting Issuer Applications shortly as soon as practicable after it is delisted from the CSE. Stockholders who have questions regarding the Consolidation and receipt of their cash payment should refer to the Proxy Statement or contact the Company at: Andrew Glashow (888) 260-7775 Aglashow@ About CLS Holdings USA Inc. CLS Holdings USA Inc. is a diversified cannabis company that acts as an integrated cannabis producer and retailer. 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, among other things, the timing and effective date of the Consolidation, the payment of cash payments for Stockholders that would otherwise be entitled to receive fractional Shares, CLS's delisting from the CSE, and CLS's application to cease to be a reporting issuer in Canada. 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. We cannot guarantee future results, levels of activity or performance. 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 the Company's filings with the SEC and on its SEDAR+ profile at for additional details.
Business Wire
19 hours ago
- Business
- Business Wire
DC BLOX Announces Second Subsea Cable Landing Station Campus, Located in Palm Coast, Florida
ATLANTA--(BUSINESS WIRE)--DC BLOX, a leading provider of connected data centers and fiber network solutions across the Southeastern United States, announced today its plans to build a second subsea Cable Landing Station (CLS) campus in Palm Coast, Florida. This new location will be the newest global network node supporting international data communications. DC BLOX announces its plans to build a second subsea CLS campus in Palm Coast, Florida! The new campus will complement DC BLOX's first subsea CLS in Myrtle Beach, South Carolina, and is expected to be operational by Q1 2027. The Palm Coast CLS campus will provide global access to the US through a diverse Southeast location, distinct from existing Northern, Mid-Atlantic, and Southern cable landings, ensuring more resilient and reliable international communications. The new facility aligns with industry developments driven by hyperscalers' ambitious plans to expand international communications infrastructure while offering the key benefits of enhanced route diversification and direct connectivity to key markets. The Palm Coast CLS campus, anchored by the recently announced Sol cable to Spain, will support five additional subsea cables that will land in Flagler Beach, Florida, and connect terrestrially to the CLS campus in Palm Coast. The new campus will complement DC BLOX's first subsea cable landing station in Myrtle Beach, South Carolina, and is expected to be operational by Q1 2027. The Sol cable that anchors the campus, announced by Google today, connects Palm Coast to Bermuda, the Azores, and Spain. The Sol cable is a high-capacity cable designed for the demands of cloud and AI, is Florida's first direct connection to Europe since 1999, and it will be the only cable in service between Florida and Europe when it's lit. Key Features of DC BLOX's Palm Coast CLS Capacity for Hyperscale and Carrier Needs: Designed to support full colocation services, the campus will have capacity for six high-capacity subsea cables. Strategic Location: Positioned to enhance connectivity and diversification among subsea cable landings, with direct access to the Southeast's growing digital infrastructure ecosystem. Future-Ready Infrastructure: Built on over 20 acres to accommodate additional expansion, with state-of-the-art reliability, design, and sustainability. 'Florida is once again at the forefront of strengthening our nation's digital infrastructure. The anchoring of the Sol subsea cable in our state is a testament to our state's commitment to fostering an environment that is ripe for technological investment and innovation. We are proud to partner with companies like Google and DC BLOX on strategic infrastructure projects that will support the future of AI innovation and bring tangible benefits to our communities and the entire Sunshine State.' – J. Alex Kelly, Florida Secretary of Commerce 'The Sol subsea cable's arrival in Palm Coast will advance Florida's position as a technology destination and state-of-the-art connectivity hub, putting the Sunshine State at the forefront of digital infrastructure and accelerating AI in the U.S. We look forward to collaborating with DC BLOX to increase network reliability and resilience in Florida, the United States and across the Atlantic.' - Brian Quigley, VP, Global Network Infrastructure, Google Cloud 'The demand for global communications infrastructure continues to grow as hyperscalers expand into new international markets and invest in subsea cables to meet the growing requirements for cloud computing, artificial intelligence, and global data exchange. With the development of our second cable landing station campus located in Florida, DC BLOX reaffirms its commitment to delivering innovative, high-capacity infrastructure solutions that empower global connectivity and drive economic growth in the Southeast.' - Chris Gatch, Chief Revenue Officer, DC BLOX 'This is a landmark moment for Palm Coast, Flagler Beach, and Flagler County, and it's a clear signal that we are a community of the future, investing in our economic development and vitality. The Sol subsea cable is more than just infrastructure; it's a gateway to unprecedented global connectivity that will attract further high-caliber industries that our residents deserve. We are not just putting Palm Coast and our community on the map; we are building a direct route to the world's digital economy, ensuring a prosperous and dynamic future for our community.' – Theresa Carli Pontieri, Palm Coast Vice Mayor The Palm Coast Campus reflects DC BLOX's commitment to building foundational digital infrastructure that supports the Southeast's rapid population and business growth. Together with the Myrtle Beach CLS, it underscores DC BLOX's leadership in creating a hyperscale-enabled ecosystem that addresses the evolving demands of the digital economy. For more information about pre-leasing opportunities at the Palm Coast CLS, visit or contact DC BLOX today. About DC BLOX DC BLOX is a digital infrastructure provider in the Southeast that delivers integrated data center and fiber network solutions at scale to enable hyperscalers, enterprises, communications providers, and technology companies to offer enhanced digital services to their customers and accelerate the region's economic growth. DC BLOX's operating data centers are located in Birmingham, AL; Huntsville, AL; Chattanooga, TN; Greenville, SC; Myrtle Beach, SC, with new developments underway in Conyers, GA, Douglasville, GA, North Augusta, SC and Montgomery, AL. For more information, please visit call +1.877.590.1684, and connect with DC BLOX on X, LinkedIn, Facebook, and Instagram.
Perth Now
02-07-2025
- Automotive
- Perth Now
Mercedes-Benz EQS was ahead of its time, says design chief
Gorden Wagener, chief designer at Mercedes-Benz, has gone in to bat for the EQS, saying its tepid sales may be due to marketing, positioning and timing. Regarding its controversial streamlined shape, Mr Wagener told Autocar, 'I think the EQS is probably 10 years too early.' The design chief also believes the EQS shouldn't have been pitched as the electric equivalent of the S-Class. He defended the EQS as a 'very progressive car', but noted 'it was not originally designed as a chauffeur limousine' which typically have a 'long hood' to denote its status. 'Maybe we should have marketed it differently, more like a futuristic CLS, S-Class coupe or something like that,' Mr Wagener mused. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Supplied Credit: CarExpert Despite this, the car's 2024 facelift made the design a little bit more traditional by junking the faux grille featuring a large three-pointed star in the middle. It was replaced by a new faux grille with multiple horizontal slats bisected by a vertical bar, mimicking the look of a traditional S-Class. There's even a classic three-pointed star mounted as a hood ornament. The EQS won't head into a second generation, instead it will be replaced with an S-Class EV. Although it might feature a different platform to the petrol- and diesel-powered S-Class models, it will share styling and will use the well-established nameplate. Supplied Credit: CarExpert Supplied Credit: CarExpert Supplied Credit: CarExpert Supplied Credit: CarExpert The controversial styling of the EQE, EQE SUV, EQS, and EQS SUV will be retired when those models reach the end of their lifecycle. Indeed, the whole EQ range will slowly sail off into the sunset. Instead of offering electric vehicles as standalone models, Mercedes-Benz will put EV drivetrains into established model lines. The third-generation CLA, launched earlier this year, features both EV and mild-hybrid drivetrains. Similarly there will also be EV drivetrain options for the next-generation C-Class and GLC. MORE: Everything Mercedes-Benz EQS
7NEWS
02-07-2025
- Automotive
- 7NEWS
Mercedes-Benz EQS was ahead of its time, says design chief
Gorden Wagener, chief designer at Mercedes-Benz, has gone in to bat for the EQS, saying its tepid sales may be due to marketing, positioning and timing. Regarding its controversial streamlined shape, Mr Wagener told Autocar, 'I think the EQS is probably 10 years too early.' The design chief also believes the EQS shouldn't have been pitched as the electric equivalent of the S-Class. He defended the EQS as a 'very progressive car', but noted 'it was not originally designed as a chauffeur limousine' which typically have a 'long hood' to denote its status. 'Maybe we should have marketed it differently, more like a futuristic CLS, S-Class coupe or something like that,' Mr Wagener mused. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Despite this, the car's 2024 facelift made the design a little bit more traditional by junking the faux grille featuring a large three-pointed star in the middle. It was replaced by a new faux grille with multiple horizontal slats bisected by a vertical bar, mimicking the look of a traditional S-Class. There's even a classic three-pointed star mounted as a hood ornament. The EQS won't head into a second generation, instead it will be replaced with an S-Class EV. Although it might feature a different platform to the petrol- and diesel-powered S-Class models, it will share styling and will use the well-established nameplate. The controversial styling of the EQE, EQE SUV, EQS, and EQS SUV will be retired when those models reach the end of their lifecycle. Indeed, the whole EQ range will slowly sail off into the sunset. Instead of offering electric vehicles as standalone models, Mercedes-Benz will put EV drivetrains into established model lines. The third-generation CLA, launched earlier this year, features both EV and mild-hybrid drivetrains. Similarly there will also be EV drivetrain options for the next-generation C-Class and GLC.
The Advertiser
02-07-2025
- Automotive
- The Advertiser
Mercedes-Benz EQS was ahead of its time, says design chief
Gorden Wagener, chief designer at Mercedes-Benz, has gone in to bat for the EQS, saying its tepid sales may be due to marketing, positioning and timing. Regarding its controversial streamlined shape, Mr Wagener told Autocar, "I think the EQS is probably 10 years too early." The design chief also believes the EQS shouldn't have been pitched as the electric equivalent of the S-Class. He defended the EQS as a "very progressive car", but noted "it was not originally designed as a chauffeur limousine" which typically have a "long hood" to denote its status. "Maybe we should have marketed it differently, more like a futuristic CLS, S-Class coupe or something like that," Mr Wagener mused. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Despite this, the car's 2024 facelift made the design a little bit more traditional by junking the faux grille featuring a large three-pointed star in the middle. It was replaced by a new faux grille with multiple horizontal slats bisected by a vertical bar, mimicking the look of a traditional S-Class. There's even a classic three-pointed star mounted as a hood ornament. The EQS won't head into a second generation, instead it will be replaced with an S-Class EV. Although it might feature a different platform to the petrol- and diesel-powered S-Class models, it will share styling and will use the well-established nameplate. The controversial styling of the EQE, EQE SUV, EQS, and EQS SUV will be retired when those models reach the end of their lifecycle. Indeed, the whole EQ range will slowly sail off into the sunset. Instead of offering electric vehicles as standalone models, Mercedes-Benz will put EV drivetrains into established model lines. The third-generation CLA, launched earlier this year, features both EV and mild-hybrid drivetrains. Similarly there will also be EV drivetrain options for the next-generation C-Class and Everything Mercedes-Benz EQS Content originally sourced from: Gorden Wagener, chief designer at Mercedes-Benz, has gone in to bat for the EQS, saying its tepid sales may be due to marketing, positioning and timing. Regarding its controversial streamlined shape, Mr Wagener told Autocar, "I think the EQS is probably 10 years too early." The design chief also believes the EQS shouldn't have been pitched as the electric equivalent of the S-Class. He defended the EQS as a "very progressive car", but noted "it was not originally designed as a chauffeur limousine" which typically have a "long hood" to denote its status. "Maybe we should have marketed it differently, more like a futuristic CLS, S-Class coupe or something like that," Mr Wagener mused. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Despite this, the car's 2024 facelift made the design a little bit more traditional by junking the faux grille featuring a large three-pointed star in the middle. It was replaced by a new faux grille with multiple horizontal slats bisected by a vertical bar, mimicking the look of a traditional S-Class. There's even a classic three-pointed star mounted as a hood ornament. The EQS won't head into a second generation, instead it will be replaced with an S-Class EV. Although it might feature a different platform to the petrol- and diesel-powered S-Class models, it will share styling and will use the well-established nameplate. The controversial styling of the EQE, EQE SUV, EQS, and EQS SUV will be retired when those models reach the end of their lifecycle. Indeed, the whole EQ range will slowly sail off into the sunset. Instead of offering electric vehicles as standalone models, Mercedes-Benz will put EV drivetrains into established model lines. The third-generation CLA, launched earlier this year, features both EV and mild-hybrid drivetrains. Similarly there will also be EV drivetrain options for the next-generation C-Class and Everything Mercedes-Benz EQS Content originally sourced from: Gorden Wagener, chief designer at Mercedes-Benz, has gone in to bat for the EQS, saying its tepid sales may be due to marketing, positioning and timing. Regarding its controversial streamlined shape, Mr Wagener told Autocar, "I think the EQS is probably 10 years too early." The design chief also believes the EQS shouldn't have been pitched as the electric equivalent of the S-Class. He defended the EQS as a "very progressive car", but noted "it was not originally designed as a chauffeur limousine" which typically have a "long hood" to denote its status. "Maybe we should have marketed it differently, more like a futuristic CLS, S-Class coupe or something like that," Mr Wagener mused. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Despite this, the car's 2024 facelift made the design a little bit more traditional by junking the faux grille featuring a large three-pointed star in the middle. It was replaced by a new faux grille with multiple horizontal slats bisected by a vertical bar, mimicking the look of a traditional S-Class. There's even a classic three-pointed star mounted as a hood ornament. The EQS won't head into a second generation, instead it will be replaced with an S-Class EV. Although it might feature a different platform to the petrol- and diesel-powered S-Class models, it will share styling and will use the well-established nameplate. The controversial styling of the EQE, EQE SUV, EQS, and EQS SUV will be retired when those models reach the end of their lifecycle. Indeed, the whole EQ range will slowly sail off into the sunset. Instead of offering electric vehicles as standalone models, Mercedes-Benz will put EV drivetrains into established model lines. The third-generation CLA, launched earlier this year, features both EV and mild-hybrid drivetrains. Similarly there will also be EV drivetrain options for the next-generation C-Class and Everything Mercedes-Benz EQS Content originally sourced from: Gorden Wagener, chief designer at Mercedes-Benz, has gone in to bat for the EQS, saying its tepid sales may be due to marketing, positioning and timing. Regarding its controversial streamlined shape, Mr Wagener told Autocar, "I think the EQS is probably 10 years too early." The design chief also believes the EQS shouldn't have been pitched as the electric equivalent of the S-Class. He defended the EQS as a "very progressive car", but noted "it was not originally designed as a chauffeur limousine" which typically have a "long hood" to denote its status. "Maybe we should have marketed it differently, more like a futuristic CLS, S-Class coupe or something like that," Mr Wagener mused. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Despite this, the car's 2024 facelift made the design a little bit more traditional by junking the faux grille featuring a large three-pointed star in the middle. It was replaced by a new faux grille with multiple horizontal slats bisected by a vertical bar, mimicking the look of a traditional S-Class. There's even a classic three-pointed star mounted as a hood ornament. The EQS won't head into a second generation, instead it will be replaced with an S-Class EV. Although it might feature a different platform to the petrol- and diesel-powered S-Class models, it will share styling and will use the well-established nameplate. The controversial styling of the EQE, EQE SUV, EQS, and EQS SUV will be retired when those models reach the end of their lifecycle. Indeed, the whole EQ range will slowly sail off into the sunset. Instead of offering electric vehicles as standalone models, Mercedes-Benz will put EV drivetrains into established model lines. The third-generation CLA, launched earlier this year, features both EV and mild-hybrid drivetrains. Similarly there will also be EV drivetrain options for the next-generation C-Class and Everything Mercedes-Benz EQS Content originally sourced from:
