Christina Lake Cannabis Announces Filing of Q1 Financial Statements

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VANCOUVER, British Columbia, June 25, 2024 (GLOBE NEWSWIRE) — Christina Lake Cannabis Company (“CLC” or the “Company”) (CSE: CLC) is pleased to confirm this in addition to its dated news releases. April 3, 2024, April 17, 2024, May 1, 2024, May 15, 2024, May 29, 2024, June 3, 2024And June 18, 2024 (“Quarterly Filings”), the Company has filed with SEDAR its first quarter financial statements, accompanied by management’s discussions and analysis and related CEO and CFO testimony for the period ending February 29, 2024 (“Quarterly Filings”). Quarterly filings can be accessed on the Company’s SEDAR profile at: www.sedar.com www.sedarplus.ca.

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A commercial suspension order that was previously granted on April 3, 2024by the applicable securities regulatory authorities, and the directors and officers of the company will be permitted to trade in the securities of the company.

About CLC

Christina Lake Cannabis is a licensed cannabis producer under the Cannabis Act. It has obtained a standard cultivation license and corresponding processing modification from Health Canada (March 2020 and August 2020, respectively) as well as an R&D license (early 2020). The Christina Lake Cannabis facility consists of a 32-acre property, which includes more than 950,000 square feet of outdoor growing space, offices, propagation and drying rooms, research facilities, and a dedicated processing and extraction facility. Christina Lake Cannabis also owns a 99-acre parcel of land adjacent to its main location. CLC focuses its production on producing high quality extracts and distillates for its B2B customer base with proprietary strains specifically developed for outdoor cultivation to enhance extraction quality.

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For more information about CLC, please visit: www.christinalakecannabis.com

Jennifer Smith
Investor relations and media inquiries
investors@clcannabis.com

902-229-7265

Forward-looking information and risk factors

This press release contains statements and information that may constitute “forward-looking information” within the meaning of applicable securities legislation, including statements identified by the use of words such as “will”, “expects”, “positions”, “believe”, “potential”. “And the like, including its denial, or other similar expressions regarding matters that are not historical facts.

Such forward-looking information does not represent historical facts, information or current condition, but instead represents only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and beyond the Company’s control. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as “plans,” “expected,” “does not expect,” “expected,” “budgeted,” “planned,” “estimates,” “predicts,” or “intends.” or “anticipates”, “does not anticipate”, “believes” or variations of these words and phrases or may contain statements that certain actions, events or results “may”, “could”, “will”, “might” or ” “will be taken”, “will continue”, “will happen” or “will be achieved”.

The forward-looking information contained in this press release is given as of the date of this press release, and the Company undertakes no obligation to update any forward-looking information and/or forward-looking statements contained or referenced herein, except as follows: in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice.


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