---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-24-000056"
form_type: "8-K"
ticker: null
cik: "0001522222"
company_name: "CLS Holdings USA, Inc."
filed_at: "2024-01-09T23:59:59+00:00"
generated_at: "2026-06-07T01:27:48.106925+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CLS Holdings raises $2.01M via secured notes and convertible debentures at 16% interest

## Summary
- Raised $930K in secured promissory notes, 16% interest, due July 8, 2025.
- Raised $1.08M in unsecured debentures convertible to common at $0.0333 per share, 16% interest.
- Company plans to convert all debentures into shares before January 15, 2024, diluting equity.
- Secured notes are quarterly pay; debentures can be paid in cash or stock at company's option.

## SEC filing metadata
- accession: 0001185185-24-000056
- form_type: 8-K
- cik: 0001522222
- company_name: CLS Holdings USA, Inc.
- filed_at: 2024-01-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1522222/000118518524000056/0001185185-24-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1522222/000118518524000056/cls20240108_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-24-000056
- JSON: https://secwatch.observer/filing/0001185185-24-000056.json
- Plain text: https://secwatch.observer/filing/0001185185-24-000056.txt

## Key facts
- Debt Financings
  CLS Holdings USA, Inc. incurred senior notes of $930,000 original principal amount at 16% annually maturing July 8, 2025.
  - Instrument: senior notes
  - Principal: $930,000 original principal amount
  - Rate: 16% annually
  - Maturity: July 8, 2025
  - Event: incurrence
  source text: On January 2, 2024, CLS Holdings USA, Inc. (the "Company") completed a private placement of $930,000 original principal amount of Secured Promissory Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1522222/000118518524000056/0001185185-24-000056-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.