Christina Lake Cannabis Further Strengthens Board of Directors and Management Team
12 December 2022 - 11:00PM
Christina Lake Cannabis Corp. (CSE: CLC) (OTCQB: CLFFF)
(FRANKFURT:CLB), (the “Company” or “Christina Lake”), a leading
producer of high quality extracts and sun grown cannabis, today
announced several changes to the Board of Directors and Management,
including the appointment of Jay McMillan as Chairman of the Board
of Directors, effective December 9, 2022, the transition of Mervin
Boychuk to Director, the retirement of Rob Jones, and the promotion
of Milan Stefancik to Vice President of Sales and Marketing.
“As Christina Lake continues to strengthen its position in the
market, we are looking forward to the expertise and deep industry
knowledge that Jay will bring to the role of Chairman,” said Mark
Aiken, CEO of Christina Lake. “I would also like to take this
opportunity to thank Mervin for his tireless work, dedication and
vision in helping to stand up operations. As we continue to focus
and execute on our sales strategy and diversification of our
product offerings, I’m thrilled that Milan has accepted the newly
created role as VP of Sales and Marketing.”
“I would like to thank the team at Christina Lake for their hard
work in establishing the Company as an industry leader in producing
high quality extracts and for developing such a strong foundation
for us to continue to build on,” said Jay McMillan. “I’m excited
for the opportunity to share my vision for future development with
the team as we continue on the path of positive EBITDA and
sustainable growth.”
Mr. McMillan joined the Company’s Board of Directors in March
2022. He brings an extensive background in the cannabis industry,
new market development and strategic engagements with Fortune 500
organizations in the consumer packaged goods, technology, and
consumer electronics spaces. Mr. McMillan spent over 7 years with
leading licensed producer HEXO Corp, where he played a pivotal role
in growing HEXO to be the top licensed producer in the country by
market share. In his role, Mr. McMillan identified strategic
business development opportunities, oversaw research and
development, innovation, and commercialization.
Mr. McMillan will be replacing Mervin Boychuk, upon the
completion of Mr. Boychuk’s two-year term as he transitions to
Director on the CLC Board. Mr. Boychuk has had a successful 35-year
career building, growing, and selling businesses. The Company
wishes to thank Mr. Boychuk for his dedication and guidance over
the last two years as Christina Lake has navigated the transition
from an early start up to the next stage of its growth. His
guidance has been instrumental in helping to position the Company
as one of the country’s leading cannabis extractors through
responsible capital deployment.
The Company would also like to announce the retirement of Rob
Jones, President. Rob joined Christina Lake in 2020 and played a
key role in standing up a strong operational base and navigating
numerous challenges over the years. The Company would like to thank
Mr. Jones and wishes him all the best in his retirement.
Christina Lake is pleased to announce that Milan Stefancik has
been promoted to VP of Sales and Marketing. Mr. Stefancik brings
with him over 10 years of sales and marketing experience, including
a thorough understanding of the cannabis market and well-developed
key relationships. Prior to his role at Christina Lake, he held the
position of Director of Key Accounts at Aurora Cannabis.
About Christina Lake Cannabis Corp.Christina
Lake Cannabis is a licensed producer of cannabis under the Cannabis
Act. It has secured a standard cultivation license and
corresponding processing amendment from Health Canada (March 2020
and August 2020, respectively) as well as a research and
development license (early 2020). Christina Lake Cannabis’ 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. Christina Lake Cannabis also owns a 99-acre plot of
land adjoining its principal site. CLC focuses its production on
creating high quality extracts and distillate for its B2B client
base with proprietary strains specifically developed for outdoor
cultivation to enhance extraction quality.
On behalf of Christina Lake Cannabis:
“Mark Aiken”Mark Aiken, CEO
For more information about CLC, please
visit: www.christinalakecannabis.comJennifer SmithInvestor
Relations and Media Inquiriesinvest@clcannabis.com902-229-7265
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.
This news release contains statements which constitute
“forward-looking statements”, including the anticipated use of the
proceeds of the Offering, statements regarding the plans,
intentions, beliefs and current expectations of the Company with
respect to the future business activities and operating performance
of the Company. The use of any of the words “anticipate,”
“continue,” “estimate,” “expect,” “may,” “will,” “would,” “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. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying the
forward-looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. The Company does not
intend, and does not assume any obligation, to update these
forward-looking statements except as otherwise required by
applicable law.
Core Laboratories (NYSE:CLB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Core Laboratories (NYSE:CLB)
Historical Stock Chart
From Jul 2023 to Jul 2024