Christina Lake Cannabis Announces Repayment of Convertible Debenture
14 September 2023 - 9:30PM
Christina Lake Cannabis Corp. (the “Company” or “CLC” or
“Christina Lake Cannabis”) (CSE: CLC) (OTCQB: CLCFF) (FRANKFURT:
CLB), a leading producer of high quality extracts,
advanced products and sun grown cannabis, announced today that it
has repaid the total principal amount due of $1.690 million under
its 12% Unsecured Convertible Debentures due September 13, 2023
(the "
Debentures"), the payment included
outstanding interest due of $827,000. The repayment of the
Debentures at maturity was financed primarily with the proceeds of
the non-brokered private placement announced on September 7 and
September 12, 2023.
About Christina Lake Cannabis
Corp.
Christina Lake Cannabis is a licensed producer
of cannabis under the Cannabis Act with a standard cultivation
license and corresponding processing amendment from Health Canada
as well as a research and development license. 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.
Certain information in this news release may
constitute forward-looking information. This information is based
on current expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. Forward-looking information is necessarily based upon a
number of estimates and assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future
events to differ materially from those expressed or implied by such
forward-looking information. CLC assumes no obligation to update
the forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to CLC. Additional information identifying risks and
uncertainties is contained in CLC filings with the Canadian
securities regulators available at www.sedar.com.
Core Laboratories (NYSE:CLB)
Historical Stock Chart
From Apr 2024 to May 2024
Core Laboratories (NYSE:CLB)
Historical Stock Chart
From May 2023 to May 2024