CLS Holdings USA (OTCMKTS:CLSH) Stock Continues to Trend Lower: Down 16% In a Week

CLS Holdings USA (OTCMKTS:CLSH) dropped 8% in the last session, and the stock is down 16% in a week. The company has announced that cannabis expert Dani Baranowski is joining its management team as a brand manager for the product division of City Trees.

Market Stats

On Tuesday, CLSH stock fell 8.22% at $0.1099 with more than 51K shares, compared to its average volume of 77k shares. The stock has moved within a range of $0.0968 – 0.1200 after opening trading at $0.0968.

Announces Acquisition of Security Technology Intelligence Management Company

Baranowski is the co-founder of the Chamber of Cannabis, a 501(c)(6) non-profit coalition with more than 200 industry experts in Nevada championing cannabis initiatives both commercially and socially. She is currently the chairwoman and VP for Community Impact Committee.

The company indicates that the Chamber of Cannabis played a vital role alongside Assemblyman Steve Yeager in passing the AB-341 Cannabis Consumption Lounge Bill. Also, Baranowski was involved in championing for the passing of the AB 400 law that reformed the non-scientific and outdated marijuana DUI laws. In a statement, the company indicated that after a thorough search to fill the newly created role, they settled on Baranowski due to her experience and passion in the sector, which will help take the brand forward. So, Investors should watch CLSH.

Traders Corner

CLSH stock is below the 20-Day and 50-Day Moving averages of $0.13 and $0.14 respectively. The stock is trading in the neutral zone with the RSI at 36.  The stock is down 24% in the past month.