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

ACQUISITION OF ALTERNATIVE SOLUTIONS (Tables)

12 Months Ended

May 31, 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

These combined results are not necessarily indicative of the results that may have been achieved had the companies always been combined.

	Twelve months ended May 31,
	2019			2018
	(unaudited)			(unaudited)
Revenues	$	9,759,956		$	7,258,443
Net loss	$	(26,671,841	)	$	(18,885,612	)
Basic net loss per share	$	(0.26	)	$	(0.30	)
Diluted net loss per share	$	(0.26	)	$	(0.30	)
Weighted average shares - basic		102,869,612			62,558,436
Weighted average shares - diluted		102,869,612			62,558,436