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

Acquisition of Alternative Solutions (Tables)

9 Months Ended

Feb. 29, 2020

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 February 28,
	2019
	(unaudited)
Revenues	$	2,372,790
Net loss	$	(12,850,356	)
Basic net income per share	$	(0.10	)
Diluted net income per share	$	(0.10	)
Weighted average shares - basic		124,346,650
Weighted average shares - diluted		124,346,650

	Nine Months ended February 28,
	2019
	(unaudited)
Revenues	$	6,299,932
Net loss	$	(24,402,155	)
Basic net income per share	$	(0.26	)
Diluted net income per share	$	(0.26	)
Weighted average shares - basic		95,132,835
Weighted average shares - diluted		95,132,835