STOCK TITAN
  1. Home
  2. News
  3. CLCFF

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.

News
Christina Lake Cannabis Provides Bi-Weekly Update on Status of MCTO
Rhea-AI Summary
Christina Lake Cannabis Corp. provides an update on the status of its Management Cease Trade Order (MCTO) issued by the British Columbia Securities Commission. The company is working on filing its audited financial statements for the fiscal year ended November 30, 2023, and related documents. The MCTO restricts the CEO and CFO from trading in company securities until the Required Documents are filed and the MCTO is revoked. Other shareholders are not affected by the MCTO. The company confirms compliance with alternative information guidelines and states no material changes or defaults beyond the Default Announcement. There are no insolvency proceedings, and the company expects to file the Annual Filings by May 31, 2024, continuing bi-weekly default status reports.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.79%
Tags
none
-
News
Christina Lake Cannabis Announces Delay in Filing its 2023 Annual Financial Statements
Rhea-AI Summary
Christina Lake Cannabis Corp. (CLC) delays filing annual financial statements due to audit complexities and increased workload from financings and property acquisition. CEO expects filings by May 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.32%
Tags
none
-
News
Christina Lake Cannabis Provides Operations Update
Rhea-AI Summary
Christina Lake Cannabis Corp. announces lease agreement for new harvesting equipment following the acquisition of outdoor cultivation facilities in Midway, British Columbia. The monthly payment for the Lease Agreement is $13,363.11 per month, with an option to purchase the Equipment after 18 months.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.96%
Tags
none
News
Christina Lake Closes First Tranche of Non-Brokered Private Placement of Secured Convertible Notes
Rhea-AI Summary
Christina Lake Cannabis Corp. (CLCFF) closes the first tranche of a private placement, issuing secured convertible promissory notes totaling CDN$1,925,000. The notes bear interest at rates ranging from 10% to 20% per annum and are convertible into common shares at $0.05 per share. Proceeds will be used for equipment upgrades and new site development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.33%
Tags
none
-
News
Christina Lake Cannabis Completes Acquisition
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%
Tags
acquisition
-
News
Christina Lake Cannabis Announces Acquisition Agreement and Financing
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%
Tags
acquisition
News
Christina Lake Announces Results of AGM
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%
Tags
none
-
News
Christina Lake Cannabis Provides Harvest Update
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%
Tags
none
-
News
Christina Lake Closes Third Tranche of Non-Brokered Private Placement of Secured Convertible Notes
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
News
Christina Lake Cannabis Reports Third Quarter 2023 Results
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%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
Stock CLCFF logo
Christina Lake Cannabis Corp

OTC:CLCFF

CLCFF Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

CLCFF Stock Data

4.24M
110.24M
17.43%
Soybean Farming
Agriculture, Forestry, Fishing and Hunting
Link
Canada
Vancouver