Climate Change Data

CLS HOLDINGS USA, INC.

Climate Impact & Sustainability Data (2023-02-28)

Reporting Period: 2023-02-28

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • The effects of climate change are adversely affecting both the yield and quality of crops at the joint venture cultivation facilities. Rising temperatures are increasing the cost of electricity to operate the dispensary and could lead to electricity rationing, reducing operating hours.
  • Lack of adequate segregation of duties and an independent body to oversee internal controls over financial reporting due to limited resources.
Mitigation Strategies
  • The company plans to rectify weaknesses in internal controls by hiring additional accounting personnel once additional resources are available.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather, high temperatures affecting crop yield and quality
Transition Risks
  • Increased cost of energy