Christina Lake Cannabis Corp. - CLCFF STOCK NEWS

Christina Lake Cannabis (CLC) has filed its audited financial statements, management discussion, and analysis for the year ended November 30, 2023, on SEDAR. This follows a series of news releases and aims to lift the management cease trade order granted on April 3, 2024. The company anticipates that directors and officers will soon be permitted to trade its securities. CLC also plans to file its interim financial statements for the period ended February 28, 2024, by June 24, 2024.

Christina Lake Cannabis Corp. (CLCFF) has provided an update on the status of its Management Cease Trade Order (MCTO) issued by the British Columbia Securities Commission (BCSC) on April 3, 2024. The MCTO restricts the trading activities of the CEO and CFO until the company files its audited financial statements for the fiscal year ending November 30, 2023, along with the related management's discussion and analysis and certificates. There are no material changes or defaults since the last announcement. The company expects to file the required documents by June 17, 2024. Following this, the financial statements for Q1 2024 will be filed within five business days. Additionally, Vice President of Sales and Marketing, Milan Stefancik, has left his position effective immediately.

Christina Lake Cannabis Corp. (CSE: CLC) provided an update on the status of its Management Cease Trade Order (MCTO) issued by the British Columbia Securities Commission. The MCTO was enforced due to delayed filing of required documents, including audited financial statements for the fiscal year ending November 30, 2023, and related management discussions. The company's CEO and CFO are barred from trading company securities until these documents are filed. The MCTO does not affect other shareholders. Christina Lake Cannabis anticipates completing the filings by June 3, 2024, and will subsequently file Q1 2024 financial statements within five business days.

Christina Lake Cannabis Corp. (CLC) provided a bi-weekly update on its management cease trade order (MCTO) issued by the British Columbia Securities Commission on April 3, 2024. The MCTO restricts the CEO and CFO from trading in the company's securities until the audited financial statements for the fiscal year ended November 30, 2023, and other required documents are filed. The MCTO does not affect other shareholders. CLC reiterated that there have been no material changes, defaults, or undisclosed information since the initial default announcement. The company expects to file the required documents by May 31, 2024, and the Q1 financial statements within five business days thereafter.

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 CEO and CFO are restricted from trading until the required financial documents are filed. The MCTO does not affect other shareholders. The company confirms no material changes since the default announcement and no insolvency proceedings against it. The expected filing date for the audited financial statements is by May 31, 2024.

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.

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.

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.

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.