Core Points - Christina Lake Cannabis Corp. has entered into a secured credit facility with a revolving line of credit of up to $1,500,000, with a term of two years and an interest rate of 15% per annum [1] - The company has also signed an equipment lease agreement with the same lender for a term of 18 months, with a monthly fee of $4,683.39 plus GST [2] - Both the credit facility and the lease agreement are considered related party transactions due to the lender being a director of the company, and the company is relying on exemptions from formal valuation and minority shareholder approval requirements [3] Company Overview - Christina Lake Cannabis is a licensed cannabis producer in Canada, holding a standard cultivation license and a research and development license from Health Canada [4] - 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 [4] - The company focuses on producing high-quality outdoor flower, extracts, and distillate for its B2B client base [4]

Core Viewpoint - Christina Lake Cannabis Corp. is amending the terms of $960,000 principal amount of convertible debentures to extend the maturity date by one year as part of a strategic financial optimization initiative [1][2]. Group 1: Debenture Amendments - The original maturity date of the debentures issued on September 7, 2022, and October 14, 2022, is being extended by one year, with the new maturity date set to be one year later [2]. - The interest rate on the debentures will remain unchanged, and repayment will begin on a quarterly basis starting December 7, 2025, ensuring full repayment by the new maturity date [2][3]. - The company is not in default under any of the debentures and is seeking approval from the holders of the debentures for these amendments [2][3]. Group 2: Company Overview - Christina Lake Cannabis is a licensed cannabis producer under the Cannabis Act, with a standard cultivation license and a research and development license from Health Canada [4]. - The company operates on a 32-acre property with over 950,000 square feet of outdoor grow space and additional facilities for processing and extraction [4]. - Christina Lake Cannabis focuses on producing high-quality outdoor flower, extracts, and distillate for its B2B client base [4].