News
Christina Lake Cannabis corporate update and product launches

(Globe Newswire) Vancouver — Christina Lake Cannabis Corp. is pleased to provide the following corporate updates:

• Distillate capacity increased by 75 per cent
• 2022 crop demonstrated meaningful increase in mg of THC per kg of biomass
• 2023 crop preparation ahead of schedule
• First shipment of medical oils to South Africa planned for fiscal Q3’23
• Addition of customized formulation capabilities
• New product diversification to enable contract manufacturing operation (CMO) activities:

• • Pre-Rolls
  • Infused Pre-Rolls
  • Kief
  • Hash
  • Infused Hash

“Fiscal 2023 began with well-publicized headwinds and heightened market competition across the Canadian cannabis industry. Advanced planning has led CLC to be in the position to capitalize on new opportunities in challenging market conditions.

“We have introduced a variety of strategic diversification opportunities which will play a pivotal role in driving increased sales. Combining our leading-edge technology with our expertise in formulations and cannabinoid customization, has allowed us to create turnkey product solutions such as pre-rolls, infused pre-rolls, kief, hash, infused hash, medical oils, custom distillate formulations and infused flower for our clients.” – Mark Aiken, CEO, Christina Lake Cannabis

Distillate capacity increase

Further to its news release issued on December 14, 2022, the company has successfully commissioned equipment and exceeded initial production expectations. The expanded processing capabilities have enabled the company to produce upwards of a 75 per cent increase in distillate production.

2022 crop results

An increase in the amount of biomass, refined harvesting techniques and strain selection have resulted in enhanced quality and potency of the company’s production inputs. This improvement has resulted in an estimated average yield increase of over 20 per cent in the milligrams of THC extracted per kg of biomass.

The company has also reserved over 2,000 kgs of purpose grown hang-dried, cured flower for its new pre-roll and infused pre-roll product lines.

2023 crop preparation

2023 crop preparation is well underway at the company’s Christina Lake facility. The results from the 2022 harvest guided the enhanced strain selection for the 2023 season. Utilizing the data gathered from previous harvests, the company was able to optimize its strain selection for both distillate production and the pre-roll manufacturing lines.

Enhancements to the greenhouses have allowed for an earlier start to the season and are yielding strong results. Transition of clones to the greenhouses began this week, ahead of schedule. Our team is currently preparing the fields to transplant the established clones, which is expected to occur during the first week of June.

South Africa

Further to its news release issued on March 23, 2023 announcing a strategic supply agreement with The AfriCann Group, the company is pleased to announce that it expects to complete its first shipment of custom formulations of medical cannabis oils into the South African medical cannabis market in fiscal Q3 2023.

AfriCann is the first company to introduce legal access to life-changing cannabis medicines to South African patients on a national basis. Utilizing existing medical regulations, AfriCann has built a scalable ecosystem to manage every aspect of the medical cannabis journey from patient education, doctor training & consultation, prescription & titration, distribution of trusted pharma-grade brands in multiple formats to at-home delivery countrywide. They have built an integrated cannabis ecosystem managing the entire doctor and patient journey.

Addition of customized formulations

To address the growing needs of the cannabis industry Christina Lake Cannabis is now offering customized formulations to its partners. Utilising our in-house expertise, equipment, and experience, we can provide our partners with the high-quality custom formulations they desire, helping them streamline operations and focus on internal strengths. Our enhanced offering will allow us to customize distillate potency and flavour for each partner in a ready to use format, as well as use our advanced techniques to infuse flower based on their specific needs.