Christina Lake Cannabis Closes First Tranche of Non-Brokered Private Placement
Summary
Approximately $869,900 of the gross proceeds was in the form of a debt settlement of principal and accrued interest due to the existing convertible debenture holders. No finders fees were paid in connection with the first closing of the Offering.The Offering is subject to the receipt of all required regulatory approval, including acceptance of the CSE. CLC focuses its production on creating high quality extracts and distillate for its B2B client base with proprietary strains specifically developed for outdoor cultivation to enhance extraction quality.For more information about CLC, please visit: www.christinalakecannabis.comTHE CANADIAN SECURITIES EXCHANGE (CSE) HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE, NOR HAS OR DOES THE CSES REGULATION SERVICES PROVIDER.This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Factors that could cause actual results to differ materially from such forward-looking information include future growth potential of the Company, fluctuations in general macroeconomic conditions, fluctuations in securities markets, expectations regarding the size of the future harvest, the ability of the Company to successfully achieve its business objectives, plans for expansion, inability to obtain adequate insurance to cover risks and hazards and general market conditions. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.