CLS Holdings USA, Inc. Quarterly report pursuant to Section 13 or 15(d)

Acquisition of Alternative Solutions (Tables)

6 Months Ended

Nov. 30, 2019

The acquisition date estimated fair value of the consideration transferred totaled $27,975,650, which consisted of the following:

Initial purchase price	$	2,050,000
Cash paid in connection with transaction		5,995,543
Note payable		3,810,820
Contingent consideration		678,111
Common stock		15,441,176
Total purchase price	$	27,975,650

Net tangible assets	$	595,151
Intangible assets		1,637,600
Goodwill		25,742,899
Total purchase price	$	27,975,650

The following table sets forth the unaudited pro forma results of the Company as if the acquisition of the Oasis LLCs was effective on June 1, 2018.

	Three months ended November 30,
	2018
	(unaudited)
Revenues	$	1,976,910
Net loss	$	(10,771,264	)
Basic net income per share	$	(0.12	)
Diluted net income per share	$	(0.12	)
Weighted average shares - basic		90,338,339
Weighted average shares - diluted		90,338,339

	Six Months ended November 30,
	2018
	(unaudited)
Revenues	$	3,843,783
Net loss	$	(19,353,778	)
Basic net income per share	$	(0.24	)
Diluted net income per share	$	(0.24	)
Weighted average shares - basic		80,765,385
Weighted average shares - diluted		80,765,385