To Start the 2021 Growing Season, Christina Lake Cannabis

VANCOUVER, British Columbia, June 15, 2021 (GLOBE NEWSWIRE) — Christina Lake Hashish Corp. (the “Firm” or “CLC” or “Christina Lake Hashish”) (CSE: CLC) (OTCQB: CLCFF) (FRANKFURT: CLB) is at the moment within the means of transferring over 45,000 crops from its onsite greenhouse facility to the sector space for transplantation, permitting every plant to start rising underneath pure daylight as CLC prepares for the 2021 rising season. In a press launch dated May 19, 2021 the Firm supplied an replace relating to its present actions and milestones attained in Q2 2021, which included the migration of mature “clones” from the propagation room to the greenhouse, a key section within the analysis and improvement (“R&D”) timeline for CLC’s proprietary hashish strains. After the Firm’s Grasp Growers decided roughly 30,000 clones had been appropriate for additional experimentation by way of out of doors cultivation, CLC’s workforce started migrating the clones onto the sector for transplantation, together with roughly 15,000 seedlings of non-experimental strains which have already grown to between 1.5 toes (45 centimetres) and two toes (61 centimetres) in common peak.

For the 2021 rising season, CLC has elevated its whole depend of pots (lots of which include a number of crops) for commercial-scale rising by 15% from 22,500 pots in 2020 to roughly 26,000 25-gallon (95-litre) pots this 12 months. Seven strains of hashish will comprise the vast majority of the Firm’s crop, with roughly 50 strains nonetheless in R&D to determine genetic formulations with advantages to incorporate sturdiness for out of doors development and elevated efficiency of tetrahydrocannabinol (“THC”). In a press launch dated December 18, 2020, the Firm said it had recognized a market deficit with respect to the number of hashish strains particularly suited to out of doors development. Given the sustained reputation of this cultivation methodology, the Firm is continuous its R&D initiatives each for the needs of rising its personal crops in addition to for probably supplying seeds to different licensed producers that domesticate hashish outdoor underneath pure daylight.

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Local weather forecasts for the Christina Lake area of British Columbia for the months of June by way of October 2021 point out very beneficial situations for out of doors hashish cultivation. With a newly expanded operational workforce, the Firm intends to hold out full-scale cultivation all through the 2021 rising season alongside its R&D actions in addition to around-the-clock extraction utilizing the Firm’s Vitalis R200 machine with the Cosolvent Injection System, along with initiatives to proceed constructing the Firm’s gross sales pipeline for dried hashish, extracts (distillates, winterized oils, kief, and many others.), and “ready” consumer-ready items which the Firm could add to its choices within the close to future (e.g., pre-rolls).

Nicco Dehaan, Chief Working Officer of Christina Lake Hashish commented, “When it comes to each cultivation and R&D, it is extremely thrilling for us to be bringing tens of 1000’s of crops out to the sector because the 2021 rising season begins. We have now recognized seven key hashish strains which might be ‘tried and true’ and can make up the majority of our crop this 12 months, although we even have over seven occasions as many experimental strains which have made their approach by way of the R&D course of to the purpose that they’re now prepared to start rising outdoor. With a deal with hashish extracts, maximizing our THC yield is a key consideration in our improvement of hashish strains, a few of which have proven efficiency of over 20% in our lab exams. Having not too long ago practically tripled our extraction capability, we’re eager to see how these elevated THC ranges might translate right into a aggressive benefit as we enter our second full 12 months of operations as a totally built-in licensed producer whose actions go ‘from soil to grease’. We stay up for seeing how 2021 unfolds with respect to all areas of our enterprise.”

About Christina Lake Hashish Corp.

Christina Lake Hashish Corp. is a licensed producer of hashish underneath the Hashish Act. It has secured a normal cultivation licence and corresponding processing/gross sales modification from Well being Canada (March 2020 and August 2020, respectively) in addition to a analysis and improvement licence (early 2020). CLC’s facility consists of a 32-acre property, which incorporates over 950,000 sq. toes of outside develop area, places of work, propagation and drying rooms, analysis amenities, and a facility devoted to processing and extraction. CLC additionally owns a 99-acre plot of land adjoining its principal 32-acre web site, which permits the Firm to develop at a a lot bigger scale. CLC cultivates hashish utilizing strains particularly developed for out of doors cultivation and in its inaugural harvest 12 months produced 32,500 kg (71,650 lb) on its present facility earlier than creating an adjoining 99-acre enlargement property. Such an enlargement will in the end convey CLC’s annual cultivation footprint to over 4.35 million sq. toes, which might allow at the least 150,000 kg (330,693 lb) of low-cost, high-quality, sun-grown hashish to be produced yearly by the Firm.

On behalf of Christina Lake Hashish Corp.:

“Joel Dumaresq”

Joel Dumaresq, CEO and Director

For extra details about CLC, please go to: www.christinalakecannabis.com

Jamie Frawley
Investor Relations and Media Inquiries
jamie@clcannabis.com
416-268-9432

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Ahead-Wanting Info: This information launch contains sure statements which may be deemed “forward-looking statements.” The usage of any of the phrases “anticipate,” “proceed,” “estimate,” “count on,” “could,” “will,” “would,” “undertaking,” “ought to,” “consider” and comparable expressions are supposed to determine forward-looking statements. Though the Firm believes that the expectations and assumptions on which the forward-looking statements are primarily based are cheap, undue reliance shouldn’t be positioned on the forward-looking statements as a result of the Firm can provide no assurance that they are going to show to be right. Since forward-looking statements tackle future occasions and situations, by their very nature they contain inherent dangers and uncertainties. These statements converse solely as of the date of this Information Launch. Precise outcomes might differ materially from these at the moment anticipated as a consequence of quite a lot of elements and dangers together with varied threat elements mentioned within the Firm’s disclosure paperwork which will be discovered underneath the Firm’s profile on http://www.sedar.com.

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