Christina Lake Cannabis Announces Sale of Bare Land

Core Insights - Christina Lake Cannabis Corp. has completed the sale of 99 acres of non-core land for gross proceeds of $551,000, which will enhance the company's liquidity and strengthen its balance sheet [1] - The land was deemed non-essential for current or future operations following the Midway acquisition in February 2024, allowing the company to focus on its core assets [1] - Proceeds from the sale will be allocated for general working capital [1] Company Overview - Christina Lake Cannabis is a licensed cannabis producer under the Cannabis Act, holding a standard cultivation license and a research and development license from Health Canada [2] - The company's facilities include a 32-acre property with over 950,000 square feet of outdoor grow space and a 342-acre property with approximately 100 acres of licensed outdoor grow space [2] - The company specializes in producing high-quality outdoor flower, extracts, and distillate for its B2B client base [2]