Salvatore Milia Appointed to CLC Board of Directors, Assigned to Lead R&D Efforts for Production of TAAT™
March 26 2021 - 7:30AM
Christina Lake Cannabis Corp. (the “Company” or “CLC” or
“Christina Lake Cannabis”) (CSE:CLC) (OTCQB: CLCFF) (FRANKFURT:
CLB) is pleased to announce that Salvatore Milia has been
appointed to the Company’s Board of Directors, effective
immediately. In a press release dated January 8, 2021, CLC
announced that Mr. Milia had received clearance from Health Canada
to enter this capacity with the official appointment pending, which
was finalized this week. Mr. Milia is currently leading the
Company’s research and development committee that was recently
formed under his leadership. Mr. Milia has a background 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 a major Canadian political party, 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 while maintaining
compliance with all applicable regulations.
In a press release dated February 26, 2021, CLC announced that
it had entered into a memorandum of understanding (“MOU”) with
TAAT™ Lifestyle & Wellness Ltd. (“TAAT™”) (CSE: TAAT) in which
the Company is to become the exclusive developer and distributor of
TAAT™’s tobacco-free and nicotine-free alternative to tobacco
cigarettes. CLC has assigned Mr. Milia to lead research and
development efforts relating to the Company’s production of TAAT™
and its Beyond Tobacco™ base material for the Canadian market. This
responsibility is expected to include tasks such as collaborating
with TAAT™’s research and development team in Las Vegas, NV,
performing an analysis of the Canadian market for alternatives to
tobacco cigarettes, and preparing compliance-related documentation
for submission to Health Canada and other agencies.
More information about TAAT™ can be found on its website:
http:///taatglobal.com.
The Company also announces that Mr. Jason Taylor has resigned
from its Board of Directors effective immediately. The Company
wishes to thank Mr. Taylor for his contributions to the Company
during its early years and wishes him well with his future
endeavours.
Joel Dumaresq, Chief Executive Officer and a Director of the
Company commented, “We are thrilled to announce Mr. Milia’s
appointment to our Board of Directors and look forward to tapping
into his technological and systems management expertise to optimize
and automate certain aspects of our crop development to
consistently produce top-quality sun-grown cannabis. With the
addition of TAAT™ as a partner for whom we intend to produce their
product line for the Canadian market, we are pleased to have Mr.
Milia’s acumen on our side as we seek to add another exciting
dimension to our business model.”
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 Relations and Media
Inquiriesjamie@clcannabis.com 416-268-9432
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
Disclosure 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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