VANCOUVER: Christina Lake Cannabis Corp. announced that its common shares began trading on the Canadian Securities Exchange (CSE) on Thursday October 1, 2020 under the ticker symbol “CLC”.
Christina Lake Cannabis is a premier producer of high-quality, low-cost, sun-grown cannabis flower, oil cannabinoids, as well as hemp-based extracts and derivatives, serving domestic and international markets.
CLC is presently in the process of harvesting a crop of more than 22,500 plants of eight unique cannabis strains on its 32-acre site in the Christina Lake region of British Columbia. The expected yield of this harvest is at least 22,500 kg/49,500 lb.
After acquiring its 32-acre property in October 2018, CLC has reached several key milestones in its pursuit of becoming one of the largest Canadian firms for outdoor cannabis cultivation and extraction.
Christina Lake Cannabis CEO Joel Dumaresq commented, “It was two years ago that our team set out to create a large-scale operation for outdoor cannabis cultivation and extraction. I express my utmost gratitude to the founders and team members whose efforts brought CLC to where it is today. CLC now has a truly remarkable facility with the capacity to grow high-quality and high-potency cannabis in Christina Lake’s renowned climate for cannabis cultivation, with impressively efficient infrastructure and workflows that allow us to produce at a very low cost.
“I also extend my gratitude to our loyal shareholders, whose support for our journey since the beginning has been instrumental to our progress to date. With our first harvest underway, we look forward to sharing our initial operating results, and building upon that momentum as we seek to establish our reputation as a leader in the Canadian cannabis industry.”
Christina Lake Cannabis Corp is a Licensed Producer of cannabis under the Cannabis Act which also received a Research and Development License from Health Canada on May 20, 2020. CLC’s facility consists of a 32-acre property, which includes over 950,000 square feet of outdoor grow space, offices, propagation and drying rooms, as well as research facilities, and a facility dedicated to processing and extraction. CLC cultivates cannabis using strains specifically developed for outdoor cultivation and expects to produce 22,500 kg or more from its 32-acre facility before developing its adjacent 99-acre expansion property, which will bring its cultivation footprint to over 4.35 million square feet or over 88,000 kg of low-cost, high-quality, sun-grown cannabis annually.
Leave a Reply