VANCOUVER, British Columbia, Feb. 05, 2024 (GLOBE NEWSWIRE) — Christina Lake Cannabis Corp. (CSE: CLC) (OTCQB: CLCFF) (FRANKFURT:CLB), (the “Company” or “Christina Lake Cannabis” or “CLC”), a leading producer of high quality extracts and sun grown cannabis, today announced it has signed a definitive agreement (“Definitive Agreement”) to acquire certain assets from a private British Columbia corporation (the “Vendor”). The proposed transaction includes acquiring ownership of outdoor cultivation facilities in Southern British Columbia, related harvesting and manufacturing equipment, and approximately 19,000 kg. of biomass (the “Transaction”) for a total purchase price of $3,000,000 (the “Purchase Price”). The Transaction is expected to close on February 9, 2024, subject to completion of customary closing conditions.
With this acquisition, the Company will expand its licensed outdoor cultivation footprint by…
