Completion of German portfolio acquisition

CLS Holdings plc

(the "Company")

Completion of acquisition of a portfolio of twelve properties in Germany

Further to the announcement made on 14 June 2017 regarding the exchange of contracts to acquire a portfolio of twelve properties in Germany for cash consideration of €148 million (£135 million) (the "Acquisition"), the Company confirms that the Acquisition has now completed.

For further information, please contact:

CLS Holdings plc www.clsholdings.com +44 (0)20 7582 7766Fredrik Widlund, Chief Executive OfficerJohn Whiteley, Chief Financial Officer

Liberum Capital Limited+44 (0)20 3100 2222Richard Crawley

Jamie Richards

Panmure Gordon (UK) Limited+44 (0)20 7886 2500Dominic MorleyAndrew Potts

Elm Square Advisers Limited +44 (0)20 7823 3695Jonathan Gray

Smithfield Consultants (Financial PR) +44 (0)20 3047 2476Alex Simmons