Christina Lake Cannabis Corp
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Company Description
- CEO
- Mark Aiken
- Full Time Employees
- 8
- Sector
- Process industries
- Industry
- Agricultural commodities/Milling
- Address
- 789 West Pender Street Vancouver BC Canada V6E 3C9
- IPO Date
- Oct 1, 2020
- Website
- christinalakecannabis.com
- Similar Companies
- Business
- Christina Lake Cannabis Corp. Christina Lake Cannabis Corp. (CSE: CLC) engages in the research, development, cultivation, processing, production, and sale of cannabis and hemp-based products, primarily focusing on high-quality, low-cost, sun-grown cannabis flower, extracts, distillate, isolate, oil, cannabinoids, and derivatives for business-to-business clients in the recreational and medical markets. The company offers proprietary high-yield, high-potency strains optimized for outdoor cultivation; on-site extraction and processing services; custom formulations including pre-rolls, infused pre-rolls, kief (30-40%+ THC), hash, infused hash, medical oils, and terpene-infused products; tolling services for dried cannabis into oil and hemp into pure CBD oil; and research and development analysis, testing, and new product development support. Christina Lake Cannabis Corp. operates a 32-acre principal facility in Christina Lake, British Columbia, featuring over 950,000 square feet of outdoor grow space, propagation and drying rooms, research facilities, and extraction processing; an adjoining 99-acre expansion plot; and a 342-acre Midway, British Columbia property with over 100 acres of licensed outdoor cultivation space, greenhouses, and dry rooms, enabling combined annual production capacity exceeding 105,000 kilograms of extraction-grade biomass and flower, with worldwide marketing primarily serving Canadian brands manufacturing vapes, edibles, and infused products. Founded in 2014 and headquartered at 1890-1075 West Georgia Street, Vancouver, British Columbia, Canada, the company holds a standard cultivation license, processing/sales amendment, and research and development license from Health Canada. In recent developments, Christina Lake Cannabis Corp. completed the acquisition of the Midway outdoor cultivation facilities and related assets in February 2024 for $3 million via a secured convertible promissory note, expanding licensed cultivation to over 120 acres, securing supply chain control, and planting an initial 80-acre crop of proprietary strains in spring 2024 with full 100-acre utilization planned for 2025; announced a non-brokered private placement financing of up to $2.5 million in April 2025 for secured storage construction, equipment, and working capital; raised $3.1 million through another private placement in 2024; achieved an 81% inventory value increase, 16% revenue growth, and 7.9% gross margin improvement as of November 2024 from the expanded harvests; and extended convertible debentures in September 2025 while prioritizing debt reduction.
Company News
Christina Lake Cannabis Announces Second Offer
Christina Lake Cannabis Announces Non-Binding Letter of Intent
Early Warning News Release Regarding Update To Investment By Salvatore Milia In Christina Lake Cannabis Corp.
Christina Lake Cannabis Announces Sale of Bare Land
Early Warning News Release Regarding Update to Investment by Salvatore Milia in Christina Lake Cannabis Corp.
Christina Lake Cannabis Announces Debenture Extension
Christina Lake Cannabis Announces Intention to Amend Debentures
Christina Lake Cannabis Announces Filing of Audit Financial Statements
Christina Lake Cannabis Announces Delay in Filing its 2024 Annual Financial Statements
Canada's Cenovus Energy restarts production at Christina Lake oil sands
Christina Lake Cannabis Closes First Tranche of Non-Brokered Private Placement
Christina Lake Cannabis Announces Financing
Christina Lake Cannabis Provides Business Update
Christina Lake Cannabis Announces Filing of Q1 Financial Statements
Christina Lake Cannabis Announces Filing of Audited Financial Statements
Christina Lake Cannabis Provides Bi-Weekly Update on Status of MCTO
Christina Lake Cannabis Provides Bi-Weekly Update on Status of MCTO
Christina Lake Cannabis Provides Bi-Weekly Update on Status of MCTO
Christina Lake Cannabis Provides Bi-Weekly Update on Status of MCTO
Christina Lake Cannabis Provides Bi-Weekly Update on Status of MCTO