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CLCFF

Christina Lake Cannabis Corp

Industry

Soybean Farming

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Several cannabis companies announced executive and board changes, including Aurora Cannabis appointing Simona King as CFO and Cresco Labs promoting Greg Butler to president. Other companies like Rubicon Organics, STIIIZY INC., and Lowell Farms also made significant appointments. Additionally, board changes occurred at Charlotte’s Web Holdings and Bright Green Corporation, among others. These changes reflect ongoing shifts in the cannabis industry's leadership landscape.

Portfolio Pulse from Jelena Martinovic

February 20, 2024 | 2:11 pm

Christina Lake Cannabis Corp. has closed the first tranche of a non-brokered private placement of secured convertible promissory notes amounting to $2.35 million. The proceeds will be used to repay outstanding debentures, working capital, and general corporate purposes. The company has also entered the South African market via a supply deal with MG BioTech Ventures. Christina Lake’s shares traded 2.4242% lower at $0.0322 per share at the market close on Monday.

Portfolio Pulse from Jelena Martinovic

September 12, 2023 | 2:04 pm

Christina Lake Cannabis Corp. reported Q2 FY23 revenue of CA$3.5 million, a 49.8% increase YoY. However, gross profit decreased by 41.3% to CA$500,180 and the company reported a loss of CA$774,751. The company's working capital stood at CA$1.7 million as of May 31, 2023.

Portfolio Pulse from Vuk Zdinjak

August 01, 2023 | 2:11 pm

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