CLC Experiencing Stellar Performance of Experimental Strains and Excellent Overall Plant Growth During Record High Temperatur...
July 14 2021 - 9:00AM
Christina Lake Cannabis Corp. (the “Company” or “CLC” or
“Christina Lake Cannabis”) (CSE: CLC) (OTCQB: CLCFF) (FRANKFURT:
CLB) is pleased to provide its first operational update
pertaining to the 2021 growing season in which the Company is
cultivating a large quantity of clones and seedlings outdoors under
natural sunlight. In addition to the seven proprietary cannabis
strains which comprise the majority of CLC’s plants being grown
this year, more than 90 experimental strains are also under
observation in the field with an objective of identifying certain
favourable characteristics (e.g., resistance to mould and pests,
tolerance of natural outdoor elements). As demand persists for
distillate oils containing high concentrations of
tetrahydrocannabinol (“THC”), this attribute is specifically
prioritized by CLC’s Master Growers when assessing experimental
cannabis strains to be used for extraction.
Over the course of the current growing season, CLC’s
experimental strains have met several key performance criteria with
regard to their suitability for commercial-scale cultivation.
Although this year’s experimental strains had successfully grown
from seeds, they are now successfully growing as clones from mother
plants. As of this writing, the vast majority of CLC’s 5,000 plants
of experimental strains are displaying ideal characteristics
through vegetation (e.g., structure, forecasted THC potency), which
are expected to be sustained through the flowering stage.
To date, the Kootenay region of southern British Columbia has
experienced unusually hot temperatures, which have reached as high
as 45 degrees Celsius / 113 degrees Fahrenheit during the month of
June 2021. Although such weather extremes tend to negatively affect
the health and performance of cannabis plants, CLC’s crop has been
growing exceptionally well under these circumstances to the point
that many of its plants now require the physical support of
trellises due to their size. Reports from other operations in
Western Canada’s agricultural sector tend to indicate that this
spring’s weather conditions have not been favourable for the growth
of their normal crops. Based on these reports, the Company believes
that the genetics of its proprietary cannabis strains (which are
specifically engineered for outdoor growth) could be enabling CLC’s
crop to thrive under higher-than-normal outdoor temperatures.
A photo accompanying this announcement is
available
athttps://www.globenewswire.com/NewsRoom/AttachmentNg/e4026a51-a094-4e63-891c-390e670e9d98
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“After our inaugural growing season last year, CLC’s operation
has become even more sophisticated between the technologies and
equipment we are now using and the top-notch expertise of our
operational team,” said Nicco Dehaan, COO and a Master Grower for
Christina Lake Cannabis. “One notable aspect of our field
infrastructure that has been improved is our irrigation system,
which enables us to target plants that are in need of watering on
an as-needed basis as opposed to hydrating plants on what would
effectively be a ‘one-size-fits-all’ schedule. Aside from the
obvious benefit of reducing water consumption, optimized irrigation
correspondingly allows for optimized soil moisture levels, which
has proven beneficial in maximizing the growth of our plants as
well as in reducing liabilities of excessive irrigation such as
mould. Combining high-tech monitoring tools such as drone
surveillance with the unparalleled expertise of our Master Growers
and operational team, we are able to adapt to unique climate
conditions of all kinds, such as the extremely high temperatures
experienced in the Kootenay region this year.”
Christina Lake Cannabis CEO and Director Joel Dumaresq
commented, “Variability of weather conditions is one of the most
common risks in the agriculture industry, which is why having the
ability to adapt to sudden changes is a key component of a winning
business strategy. We knew from the beginning that we would be
cultivating our cannabis outdoors under natural sunlight, which has
always been a consideration in the development of our proprietary
cannabis strains. Our objective is to embrace a wide range of
conditions to include high and low temperatures so that we are
ready for just about any curveball nature throws at us in a given
growing season. It is therefore a testament to our highly skilled
Master Growers for CLC’s crop to be performing so well during some
of the highest temperatures ever experienced in this part of the
province.”
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
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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