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

STOCKHOLDERS??? EQUITY (Tables)

v3.20.2

STOCKHOLDERS’ EQUITY (Tables)

12 Months Ended

May 31, 2020

Stockholders' Equity Note [Abstract]

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

The Company valued warrants using the Black-Scholes valuation model utilizing the following variables:

	May 31,			May 31,
	2020			2019
Volatility		-	%		79.02 to 400.3	%
Dividends	$	-		$	0
Risk-free interest rates		-	%		2.68% to 2.77	%
Term (years)		-			3

Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block]

The following table summarizes the significant terms of warrants outstanding at May 31, 2020. This table does not include the unit warrants. See Unit Warrants section below.

Range of exercise Prices		Number of warrants Outstanding		Weighted average remaining contractual life (years)		Weighted average exercise price of outstanding Warrants		Number of warrants Exercisable		Weighted average exercise price of exercisable Warrants
$	0.49		33,465,110		1.50	$	0.49		33,465,110	$	0.49
	0.50		2,736,500		1.73		0.50		2,736,500		0.50
	0.60		17,500,000		1.50		0.60		17,500,000		0.60
	0.75		837,500		0.72		0.75		837,500		0.75
	1.10		296,035		1.56		1.10		296,035		1.10
			54,835,145		1.50	$	0.53		54,835,145	$	0.53

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

Transactions involving warrants are summarized as follows. This table does not include the special warrants or unit warrants. See Special Warrants and Unit Warrants sections below.

	Number of Shares			Weighted Average Exercise Price
Warrants outstanding at May 31, 2018		4,495,750		$	0.61
Granted		50,738,235		$	0.653
Exercised		(415,000	)	$	0.75
Cancelled / Expired		-		$	-

Warrants outstanding at May 31, 2019		54,818,985		$	0.53
Granted		16,160		$	1.10
Exercised		-		$	-
Cancelled / Expired		-		$	-
Warrants outstanding at May 31, 2020		54,835,145		$	0.53

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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