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Christina Lake Cannabis

christinalakecannabis.com

Stage

Unattributed - III | Alive

Total Raised

$1.39M

Last Raised

$570K | 2 yrs ago

About Christina Lake Cannabis

Christina Lake Cannabis produces cannabis oil extracts.

Headquarters Location

789 West Pender St.

Vancouver, British Columbia, V6C 1H2,

Canada

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Expert Collections containing Christina Lake Cannabis

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Christina Lake Cannabis is included in 2 Expert Collections, including Cannabis.

C

Cannabis

3,834 items

These companies participate in - or service businesses that participate in - the legal cannabis industry. Our definition of cannabis includes both marijuana and hemp (and all derivatives). The collection includes both "plant-touching" and "non-plant-touching" businesses.

B

Biopharma Tech

5,241 items

Companies involved in the research, development, and commercialization of chemically- or biologically-derived therapeutic & theranostic drugs. Excludes vitamins/supplements, CROs/clinical trial services.

Latest Christina Lake Cannabis News

Christina Lake Cannabis Provides Operational Update

Dec 14, 2022

Author of the article: Article content VANCOUVER, British Columbia, Dec. 14, 2022 (GLOBE NEWSWIRE) — Christina Lake Cannabis Corp. (CSE: CLC) (OTCQB: CLCFF) (FRANKFURT:CLB), (the “Company” or “Christina Lake”), a leading producer of high quality extracts and sun grown cannabis, is pleased to provide the following operational update. We apologize, but this video has failed to load. Try refreshing your browser, or Christina Lake Cannabis Provides Operational Update Back to video “Building off our solid Q3’22 results, we have completed a strong 2022 harvest. Not only have we seen meaningful growth in the biomass harvested, but initial potency testing has shown a significant increase in the milligrams of total THC in comparison to last year. These improvements are a testament to the strength of our team,” said Christina Lake CEO Mark Aiken. “These higher quality input and our additional processing capabilities will allow us to create a wider variety of product offerings for our customers and will bolster our bottom line.” Advertisement 2 Article content Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. Email Address Sign Up By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 Thanks for signing up! A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Financial Post Top Stories will soon be in your inbox. We encountered an issue signing you up. Please try again Article content Harvest Results The Company harvested approximately 42,000 kg of dried biomass during its 2022 outdoor grow season. This represents an increase of approximately 11% from the 2021 outdoor grow season which yielded 38,000 kg. Initial testing has indicated a significant increase to average potency per plant, which will result in an increase of total milligrams of THC obtained through our extraction process. Management attributes this increase to changes made to the strain mix based on prior year learnings, as well as higher quality genetics. Utilizing higher quality inputs into production allows for significant cost savings through a reduction in staff handling times and downtime of equipment, while producing a higher quality output. Advertisement 3 Article content The Company continues to explore new product offerings for its customers based on an increase of high-quality dried flower and extracts. Processing Improvements Further to the press releases dated September 8, 2022 and October 18, 2022 , the Company has successfully completed the acquisition of additional processing equipment for its processing facility from the funds related to the unsecured convertible debenture offering. The new processing equipment will allow the Company to significantly increase its production throughput and resolves previously identified processing constraints. Once fully operational, the Company will have the capacity to pivot to new products based on market demands and improve the monetization of inventory. Advertisement 4 Article content Further to the Company’s press release dated December 12, 2022 with respect to the appointment of Milan Stefancik as Vice President of Sales and Marketing, the Company notes that the appointment remains subject to required mandatory security clearance by Health Canada and any required approvals of the Canadian Securities Exchange. About Christina Lake Cannabis Corp. Christina Lake Cannabis is a licensed producer of cannabis under the Cannabis Act. It has secured a standard cultivation license and corresponding processing amendment from Health Canada (March 2020 and August 2020, respectively) as well as a research and development license (early 2020). Christina Lake Cannabis’ facility consists of a 32-acre property, which includes over 950,000 square feet of outdoor grow space, offices, propagation and drying rooms, research facilities, and a facility dedicated to processing and extraction. Christina Lake Cannabis also owns a 99-acre plot of land adjoining its principal site. CLC focuses its production on creating high quality extracts and distillate for its B2B client base with proprietary strains specifically developed for outdoor cultivation to enhance extraction quality. Advertisement 5 902-229-7265 THE CANADIAN SECURITIES EXCHANGE (“CSE”) HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE, NOR HAS OR DOES THE CSE’S REGULATION SERVICES PROVIDER. This news release contains statements which constitute “forward-looking statements”, including the anticipated use of the proceeds of the Offering, statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to the future business activities and operating performance of the Company. The use of any of the words “anticipate,” “continue,” “estimate,” “expect,” “may,” “will,” “would,” “should,” “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on  http://www.sedar.com . Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

Christina Lake Cannabis Frequently Asked Questions (FAQ)

  • Where is Christina Lake Cannabis's headquarters?

    Christina Lake Cannabis's headquarters is located at 789 West Pender St., Vancouver.

  • What is Christina Lake Cannabis's latest funding round?

    Christina Lake Cannabis's latest funding round is Unattributed - III.

  • How much did Christina Lake Cannabis raise?

    Christina Lake Cannabis raised a total of $1.39M.

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