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Christina Lake Cannabis Corp - CLCFF STOCK NEWS

Welcome to our dedicated news page for Christina Lake Cannabis (Ticker: CLCFF), a resource for investors and traders seeking the latest updates and insights on Christina Lake Cannabis.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Christina Lake Cannabis's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Christina Lake Cannabis's position in the market.

Rhea-AI Summary
Christina Lake Cannabis Corp. acquires assets in British Columbia, expanding outdoor cultivation footprint and securing supply chain. The $3 million transaction includes outdoor cultivation facilities, equipment, and biomass, positioning CLC for future growth and increased profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.53%
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acquisition
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Rhea-AI Summary
Christina Lake Cannabis Corp. has signed a definitive agreement to acquire assets from a private British Columbia corporation for $3,000,000. The transaction includes outdoor cultivation facilities, harvesting and manufacturing equipment, and approximately 19,000 kg of biomass. The acquisition will expand the company's licensed outdoor cultivation footprint by approximately 100 acres and the first crop of propriety CLC strains will be planted in the spring of 2024. The purchase price for the proposed acquisition will be paid through the issuance of a secured convertible promissory note. The company also intends to complete a non-brokered financing with gross proceeds of up to $2,500,000.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
109.38%
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acquisition
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News
Rhea-AI Summary
Christina Lake Cannabis Corp. announced the results of voting at its Annual General and Special Meeting of Shareholders, with 53.16% of outstanding common shares represented. Shareholders approved the re-election of all director nominees and the re-appointment of the company's auditor. The rolling stock option plan and restricted share unit plan were also renewed for a further three years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
109.38%
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none
Rhea-AI Summary
Christina Lake Cannabis Corp. (CSE: CLC) (OTCQB: CLCFF) (FRANKFURT:CLB) has announced its fourth consecutive successful outdoor harvest, yielding over 37,000 kg of dry outdoor flower and biomass. The company plans to process the harvest into various sought-after products, including flower, kief, hash, and distillate, to meet the growing demand for diverse cannabis products in the Canadian market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.04%
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none
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Rhea-AI Summary
Christina Lake Cannabis Corp has closed the third and final tranche of a non-brokered private placement, raising a total of $4,238,000. The funds will be used for repayment of outstanding debentures, working capital, and general corporate purposes.
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End-of-Day
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Rhea-AI Summary
Christina Lake Cannabis Corp. reports Q3'23 financial results: Revenue up 30% to $8.9M, distillate volumes sold increased by 85%, gross profit of $4.0M, decreased G&A expenses by 4%.
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earnings
Rhea-AI Summary
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Rhea-AI Sentiment
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-23.68%
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earnings
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Rhea-AI Sentiment
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4.92%
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Christina Lake Cannabis Corp

OTC:CLCFF

CLCFF Rankings

CLCFF Stock Data

4.63M
110.24M
17.43%
Soybean Farming
Agriculture, Forestry, Fishing and Hunting
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