Christina Lake Cannabis Corp. (the “Company” or “CLC” or
“Christina Lake Cannabis”) (CSE:CLC) (FRANKFURT: CLB) is
pleased to announce that Salvatore Milia will be appointed to the
Company’s Board of Directors after recently receiving clearance
from Health Canada to enter this capacity. Additionally, the
Company intends to launch a research and development (“R&D”)
committee under the leadership of Mr. Milia whose background is in
building large-scale information technology systems, an acumen that
can be applied to CLC’s plans to incorporate smart monitoring
technology into its vertically-integrated cannabis cultivation
workflows. Having designed, implemented, and managed technical
systems and networks for one of Canada’s first non-bank credit card
gateways as well as for the Conservative Party of Canada, the
Company’s management believes Mr. Milia’s experience with
infrastructures in sensitive and highly regulated environments
could help CLC in further improving its crop yields and
consistency.
After initially forecasting a harvest of 15,000 kg / 33,000 lb
from the Company’s inaugural growing season last year, CLC
ultimately produced a total of 32,500 kg / 71,650 lb of dried
cannabis for the 2020 growing season. This crop consisted of eight
proprietary cannabis strains, all specifically engineered to be
grown outdoors by sunlight. As detailed in the Company’s September
3, 2020 press release, one method used by CLC to monitor the
integrity of each plant is flying a remote-controlled drone with
sensors to gauge a plant’s health and hydration as well as to
detect potential concerns. Mr. Milia plans on integrating similar
forms of monitoring technology throughout CLC’s facility in the
Christina Lake region of British Columbia, with corresponding data
reporting and analysis procedures as a form of quality assurance.
The Company anticipates these tactics could contribute to
maximizing output in future growing seasons and utilize insights to
refine CLC’s proprietary strain formulations as well as its
standard operating procedures for cultivation.
https://www.globenewswire.com/NewsRoom/AttachmentNg/94fd03b0-4ba5-4277-bc62-68c847dd5d93
Multispectral map of the Company’s grounds in the
Christina Lake region of British Columbia, showing how CLC’s
cannabis plants are currently monitored. Each dot represents an
image capture point on the path of the Company’s survey drone. The
“heatmap” overlay provides insights about the health of a cluster
of plants, with good overall health indicated by a bright shade of
green. As shown in the upper-right inset, individual plants can be
targeted on demand to allow potential areas of concern to be
scrutinized.
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In CLC’s December 11, 2020 press release, the Company shared its
plans for expanding its outdoor production of cannabis which
include the possibility of revising cultivation timelines to “turn
over” certain strains more than once in a given season, as well as
to potentially use additional acreage owned by CLC. Because the
Company predicts it will produce an even greater quantity of
cannabis in future growing seasons, Mr. Milia plans to institute
internal protocols such as “stress tests” at regular intervals to
detect any potential weaknesses which could impede scalability of
CLC’s cannabis production, as well as to detect any potential
opportunities to improve the Company’s efficiency, safety, and
profitability.
Joel Dumaresq, Chief Executive Officer and Director of CLC
commented, “By growing cannabis outdoors naturally using sunlight,
we have seen terrific results with our proprietary strains that are
engineered for this type of cultivation. After a very successful
growing season last year, we are seeking to make the absolute most
of our future growing seasons, which we anticipate could be
achieved by implementing a high-tech monitoring infrastructure led
by Mr. Milia, who will soon join our Board of Directors and lead
our R&D committee. One of our foremost objectives is to ensure
we are growing and shipping a consistently high-quality product,
and I am confident in Mr. Milia’s capabilities to optimize and
automate certain aspects of our quality assurance to potentially
set new standards in the cannabis industry. CLC already has the
ability to produce high-quality cannabis at an extraordinarily low
cost, and we predict that Mr. Milia’s experience in unlocking
business value using advanced technology in banking and for a major
Canadian political party could achieve similar results for the
Company.”
Salvatore Milia commented, “Joining CLC’s board of directors is
an exciting career move for me because I have always enjoyed
applying cutting-edge technologies to novel use cases. One of the
challenges of growing cannabis outdoors is that monitoring of a
field can be difficult, especially at a granular level. One common
hazard is that water outages for irrigation systems can often go
undetected for some time, potentially compromising a plant’s
health. In addition to monitoring the plants themselves, I am
intending to monitor their surroundings such as the water systems
so that any issues can be addressed forthwith. I also look forward
to applying the process design methodologies I have picked up over
the course of my career to CLC’s workflows in an effort to make
processes efficient and scalable, with the desired result being a
sun-grown cannabis crop that is consistently of top quality.”
About Christina Lake Cannabis Corp.
Christina Lake Cannabis Corp. is a licensed producer of cannabis
under the Cannabis Act. It has secured a standard cultivation
licence and corresponding processing/sales amendment from Health
Canada (March 2020 and August 2020, respectively) as well as a
research and development licence (early 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,
research facilities, and a facility dedicated to processing and
extraction. CLC also owns a 99-acre plot of land adjoining its
principal 32-acre site, which enables the Company to grow at a much
larger scale. CLC cultivates cannabis using strains specifically
developed for outdoor cultivation and in its inaugural harvest year
produced 32,500 kg (71,650 lb) on its existing facility before
developing an adjacent 99-acre expansion property. Such an
expansion will ultimately bring CLC’s annual cultivation footprint
to over 4.35 million square feet, which could enable at least
150,000 kg (330,693 lb) of low-cost, high-quality, sun-grown
cannabis to be produced annually by the Company.
On behalf of Christina Lake Cannabis Corp.:
“Joel Dumaresq”
Joel Dumaresq, CEO and Director
For more information about CLC, please visit:
www.christinalakecannabis.com
Jamie FrawleyInvestor Relationsjamie@clcannabis.com
416-268-9432
Jordan OwensMedia Inquiriesjordan.owens@hkstrategies.ca
236-818-5969
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.
Forward-Looking Information: This news release includes certain
statements that may be deemed “forward-looking statements.” The use
of any of the words “anticipate,” “continue,” “estimate,” “expect,”
“may,” “will,” “would,” “project,” “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.
Statement Regarding Third-Party Investor Relations
Firms
Disclosures relating to investor relations firms retained by
Christina Lake Cannabis Corp. can be found under the Company’s
profile on http://sedar.com.
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