CLS Holdings USA, Inc. announced a private placement that it has received $960,000 original principal amount of Unsecured Convertible Debentures on November 29, 2023. The Unsecured Debentures bear interest at 15%, are convertible to the Company?s Common Stock, par value $0.0001 per share, at the option of the Company on or before December 6, 2023, at a conversion price of $0.0345 per share. A minimum of one year of interest is required to be converted as well.

The company intends to convert the Unsecured Debentures to shares of the company?s common stock before December 6, 2023. The purchasers of the Unsecured Debentures are all accredited investors.