CLS Holdings USA, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document And Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Accounting Policies, by Policy (Policies)
Notes Tables
Notes Details

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
May 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 22 – RELATED PARTY TRANSACTIONS As of May 31, 2022 and 2021, the Company had accrued salary due to Michael Abrams, a former officer of the Company prior to his September 1, 2015 termination, in the amount of $16,250. During the year ended May 31, 2022, the Company granted 100,000 shares, which were valued at $8,780, to an officer of the Company. Of these shares, 50,000 are restricted and vest on December 31, 2022 if the officer remains employed by the Company. As of May 31, 2022, 50,000 of these shares have been issued and the value of these shares in the amount of $4,390 was charged to operations.

RELATED PARTY TRANSACTIONS

12 Months Ended

May 31, 2022

NOTE 22 – RELATED PARTY TRANSACTIONS

As of May 31, 2022 and 2021, the Company had accrued salary due to Michael Abrams, a former officer of the Company prior to his September 1, 2015 termination, in the amount of $16,250.

During the year ended May 31, 2022, the Company granted 100,000 shares, which were valued at $8,780, to an officer of the Company. Of these shares, 50,000 are restricted and vest on December 31, 2022 if the officer remains employed by the Company. As of May 31, 2022, 50,000 of these shares have been issued and the value of these shares in the amount of $4,390 was charged to operations.