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SEC Comment Letter 0000000000-25-002476 to CLS Holdings USA, Inc. (CLSH) (CIK 0001522222)

CLS Holdings USA, Inc. (CLSH) (CIK 0001522222)
Date: March 6, 2025 · CIK: 0001522222 · Accession: 0000000000-25-002476

AI Filing Summary & Sentiment

Date
March 6, 2025
Author
Not clearly detected
Form
UPLOAD
Company
CLS Holdings USA, Inc. (CLSH) (CIK 0001522222)

Letter

March 6, 2025 Elmer Louis Werner, III Reporting Person CLS Holdings USA, Inc. 6900 E Camelback Road Ste 1020 Phoenix, AZ 85251 Re:CLS Holdings USA, Inc. Elmer Louis Werner, III Schedule 13D filed January 3, 2025 by Elmer Louis Werner, III File No. 005-89292 Dear Elmer Louis Werner, III: We have conducted a limited review of the above-captioned filing and have the following comments . Please respond to this letter by amending the filing or by providing the requested information. If you do not believe our comments apply to your facts and circumstances or that an amendment is appropriate , please advise us why in a response letter. After reviewing any amendment to the filing and any information provided in response to these comments, we may have additional comments. Schedule 13D filed January 3, 2025 General 1.We note that the event reported as requiring the filing of the Schedule 13D was October 28, 2024. Rule 13d-1(a) of Regulation 13D-G requires the filing of a Schedule 13D within five business days after the date beneficial ownership of more than five percent of a class of equity securities specified in Rule 13d-1(i)(1) was acquired. Based on the October 28, 2024 event date, the Schedule 13D submitted on January 3, 2025 was not timely filed. Please advise us why the Schedule 13D was not filed within the required five business days after the date of the acquisition. 2.The cover page of the above-captioned Schedule 13D indicates that October 28, 2024 was the date of the event that required this filing to have been made. Please advise us how this date was determined. Item 5, page 1

March 6, 2025 Page 2 3.Refer to the disclosure provided under Item 5(c) of the above-captioned Schedule 13D that states "LEM Investments LLC sold 750,000 shares of Common Stock on October 28, 2024 at a price per share of $0.04." Item 5(c), however, requires the beneficial owner to "describe any transactions in the class of securities reported on that were effected during the past sixty days." Please revise to provide the requisite disclosure with respect to all transactions in the securities between the deadline for timely filing the Schedule 13D and the actual filing of the Schedule 13D. In amending the Schedule 13D to include the required disclosures, please be advised that the Instruction to Item 5(c) requires the beneficial owner to "describe," at a minimum, the following: "(1) The identity of the person covered by Item 5(c) who effected the transaction; (2) the date of transaction; (3) the amount of securities involved; (4) the price per share or unit; and (5) where and how the transaction was effected." Item 7, page 1 4.Multiple beneficial owners have reported their beneficial ownership on the above- captioned Schedule 13D. Whenever two or more persons are required to file a statement containing the information required by Schedule 13D, a single Schedule 13D may be filed provided that it includes, as an exhibit, their agreement in writing that such a statement is filed on behalf of each of them. Please revise to add the required exhibit, or advise. See Rule 13d-1(k)(1)(iii). We remind you that the filing persons are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please direct any questions to Blake Grady at 202-551-8573 or Nicholas Panos at 202-551-3266 . Sincerely, Division of Corporation Finance Office of Mergers & Acquisitions

Show Raw Text
March 6, 2025
Elmer Louis Werner, III
Reporting Person
CLS Holdings USA, Inc.
6900 E Camelback Road Ste 1020
Phoenix, AZ 85251
Re:CLS Holdings USA, Inc.
Elmer Louis Werner, III
Schedule 13D filed January 3, 2025 by Elmer Louis Werner, III
File No. 005-89292
Dear Elmer Louis Werner, III:
            We have conducted a limited review of the above-captioned filing and have the
following comments .
            Please respond to this letter by amending the filing or by providing the requested
information. If you do not believe our comments  apply to your facts and circumstances or
that an amendment is appropriate , please advise us why in a response letter.
            After reviewing any amendment to the filing and any information provided in
response to these comments, we may have additional  comments.
Schedule 13D filed January 3, 2025
General
1.We note that the event reported as requiring the filing of the Schedule 13D was
October 28, 2024. Rule 13d-1(a) of Regulation 13D-G requires the filing of a
Schedule 13D within five business days after the date beneficial ownership of more
than five percent of a class of equity securities specified in Rule 13d-1(i)(1) was
acquired. Based on the October 28, 2024 event date, the Schedule 13D submitted on
January 3, 2025 was not timely filed. Please advise us why the Schedule 13D was not
filed within the required five business days after the date of the acquisition.
2.The cover page of the above-captioned Schedule 13D indicates that October 28, 2024
was the date of the event that required this filing to have been made.  Please advise us
how this date was determined.
Item 5, page 1

March 6, 2025
Page 2
3.Refer to the disclosure provided under Item 5(c) of the above-captioned Schedule 13D
that states "LEM Investments LLC sold 750,000 shares of Common Stock on October
28, 2024 at a price per share of $0.04." Item 5(c), however, requires the beneficial
owner to "describe any transactions in the class of securities reported on that were
effected during the past sixty days." Please revise to provide the requisite disclosure
with respect to all transactions in the securities between the deadline for timely filing
the Schedule 13D and the actual filing of the Schedule 13D.  In amending the
Schedule 13D to include the required disclosures, please be advised that
the Instruction to Item 5(c) requires the beneficial owner to "describe," at a minimum,
the following: "(1) The identity of the person covered by Item 5(c) who effected the
transaction; (2) the date of transaction; (3) the amount of securities involved; (4) the
price per share or unit; and (5) where and how the transaction was effected."
Item 7, page 1
4.Multiple beneficial owners have reported their beneficial ownership on the above-
captioned Schedule 13D. Whenever two or more persons are required to file a
statement containing the information required by Schedule 13D, a single Schedule
13D may be filed provided that it includes, as an exhibit, their agreement in writing
that such a statement is filed on behalf of each of them. Please revise to add the
required exhibit, or advise. See Rule 13d-1(k)(1)(iii).
            We remind you that the filing persons are responsible for the accuracy and adequacy
of their disclosures, notwithstanding any review, comments, action or absence of action by
the staff.
            Please direct any questions to Blake Grady at 202-551-8573 or Nicholas Panos at
202-551-3266 .
Sincerely,
Division of Corporation Finance
Office of Mergers & Acquisitions