Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
CLS
Holdings USA, Inc.
(Name
of Issuer)
Common
Stock, $0.0001 par value per share
(Title
of Class of Securities)
12565J100
(CUSIP
Number)
Henry
Lichtenberger, Esq.
Sklar
Williams PLLC
410
South Rampart Boulevard, Suite 410
Las
Vegas, Nevada 89145
(Name,
Address and Telephone Number of Person
Authorized
to Receive Notices and Communications)
December
31, 2020
(Date
of Event which Requires Filing of this Statement)
Check
the appropriate box to designate the rule pursuant to which this
Schedule is filed:
☐ Rule
13d-1(b)
☑ Rule
13d-1(c)
☐ Rule
13d-1(d)
* The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a
prior cover page.
The
information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
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CUSIP
No. 12565J100
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13G
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Page 2
of 4 Pages
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1.
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NAMES
OF REPORTING PERSONSI.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
Todd V.
Swanson
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2.
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see
instructions)
(a) ☐
(b) ☐
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3.
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SEC USE
ONLY
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4.
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CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States Citizen
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NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
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5.
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SOLE
VOTING POWER
13,026,892
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6.
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SHARED
VOTING POWER
0
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7.
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SOLE
DISPOSITIVE POWER
13,026,892
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8.
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SHARED
DISPOSITIVE POWER
0
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9.
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,026,892
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10.
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CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
(see
instructions) ☐
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11.
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.29%1
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12.
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TYPE OF
REPORTING PERSON (see instructions)
OO**
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**
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See
Item 4
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1
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The
percentage reported in this Schedule 13G is based upon the number
of outstanding shares of Common Stock outstanding as of January 8,
2021 provided by the Issuer of 126,571,892 shares.
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Item
1.
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(a)
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Name of
Issuer
CLS
Holdings USA, Inc.
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(b)
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Address
of Issuer’s Principal Executive Offices
11767
South Dixie Highway, Suite 115
Miami,
Florida 33156
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Item 2.
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(a)
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Name of
Person Filing
Todd V.
Swanson
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(b)
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Address
of the Principal Office or, if none, residence
7520
Hughes Road
Murfreesboro,
TN 37127
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(c)
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CitizenshipUSA
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(d)
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Title
of Class of Securities
Common
Stock
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(e)
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CUSIP
Number
12565J100
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Item 3. If this statement is filed pursuant to
§§240.13d-1(b) or 240.13d-2(b) or (c), check whether the
person filing is a:
Not
applicable, this statement is filed pursuant to
13d-1(c).
Item 4. Ownership.
Mr.
Swanson has sole voting and dispositive power with respect to
13,644,293 shares of the reported securities in his capacity as the
sole manager and member of ILJ, LLC, a Nevada limited liability
company.
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(a)
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Amount
beneficially owned: 13,026,892
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(b)
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Percent
of class: 10.29%
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(c)
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Number
of shares as to which the person has:
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(i)
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Sole
power to vote or to direct the vote 13,026,892
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(ii)
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Shared
power to vote or to direct the vote 0
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(iii)
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Sole
power to dispose or to direct the disposition
of 13,026,892
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(iv)
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Shared
power to dispose or to direct the disposition
of 0
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Item 5. Ownership of Five Percent or Less of a
Class.
Not
applicable
Item 6. Ownership of More than Five Percent on Behalf of
Another Person.
Not
applicable
Item 7. Identification and Classification of the
Subsidiary Which Acquired the Security Being Reported on By the
Parent Holding Company.
Not
applicable
Item 8. Identification and Classification of Members of
the Group.
Not
applicable
Item 9. Notice of Dissolution of Group.
Not
applicable
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or
effect
After
reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete and correct.
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February
16, 2021
Date
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/s/
Todd V. Swanson
Signature
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