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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 presently within the means of transferring over 45,000 vegetation from its onsite greenhouse facility to the sphere space for transplantation, permitting every plant to start rising beneath pure daylight as CLC prepares for the 2021 rising season. In a press launch dated May 19, 2021 the Firm offered an replace concerning 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 have been appropriate for additional experimentation via outside cultivation, CLC’s crew started migrating the clones onto the sphere 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 top.
For the 2021 rising season, CLC has elevated its whole rely of pots (lots of which comprise a number of vegetation) for commercial-scale rising by 15% from 22,500 pots in 2020 to roughly 26,000 25-gallon (95-litre) pots this yr. Seven strains of hashish will comprise nearly all of the Firm’s crop, with roughly 50 strains nonetheless in R&D to determine genetic formulations with advantages to incorporate sturdiness for outside development and elevated efficiency of tetrahydrocannabinol (“THC”). In a press launch dated December 18, 2020, the Firm acknowledged it had recognized a market deficit with respect to the number of hashish strains particularly suited to outside development. Given the sustained recognition of this cultivation technique, the Firm is constant its R&D initiatives each for the needs of rising its personal vegetation in addition to for doubtlessly supplying seeds to different licensed producers that domesticate hashish open air beneath pure daylight.
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Local weather forecasts for the Christina Lake area of British Columbia for the months of June via October 2021 point out very beneficial situations for outside hashish cultivation. With a newly expanded operational crew, 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 vitally thrilling for us to be bringing tens of hundreds of vegetation out to the sphere because the 2021 rising season begins. Now we have recognized seven key hashish strains which can be ‘tried and true’ and can make up the majority of our crop this yr, although we even have over seven instances as many experimental strains which have made their method via the R&D course of to the purpose that they’re now prepared to start rising open air. With a give attention to 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 assessments. 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 yr of operations as a totally built-in licensed producer whose actions go ‘from soil to grease’. We look ahead to 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 beneath 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 services, and a facility devoted to processing and extraction. CLC additionally owns a 99-acre plot of land adjoining its principal 32-acre website, which permits the Firm to develop at a a lot bigger scale. CLC cultivates hashish utilizing strains particularly developed for outside cultivation and in its inaugural harvest yr produced 32,500 kg (71,650 lb) on its current facility earlier than creating an adjoining 99-acre growth property. Such an growth will finally deliver CLC’s annual cultivation footprint to over 4.35 million sq. toes, which might allow not less than 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-Trying Info: This information launch consists of sure statements that could be deemed “forward-looking statements.” Using any of the phrases “anticipate,” “proceed,” “estimate,” “count on,” “could,” “will,” “would,” “undertaking,” “ought to,” “consider” and related expressions are meant 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 may give no assurance that they may 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 communicate solely as of the date of this Information Launch. Precise outcomes might differ materially from these presently anticipated as a result of various elements and dangers together with varied danger elements mentioned within the Firm’s disclosure paperwork which could be discovered beneath the Firm’s profile on https://www.sedar.com.
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Disclosures referring to investor relations corporations retained by Christina Lake Hashish Corp. could be discovered beneath the Firm’s profile on https://sedar.com.
