By CBJ
VANCOUVER, British Columbia, July 04, 2025 (GLOBE NEWSWIRE) 鈥 Christina Lake Cannabis Corp. (鈥淐LC鈥 or the 鈥淐ompany鈥) (CSE: CLC) is pleased to confirm that further to its news release dated July 2, 2025, the Company has filed on SEDAR+ its audited financial statements, accompanying management discussion and analysis and related CEO and CFO certifications for the year ended February 28, 2025 (the 鈥淎nnual Filings鈥). The Annual Filings can be obtained on the Company鈥檚 SEDAR+ profile at www.sedarplus.ca.
As a result of the completion of the Annual Filings, the Company expects that the management cease trade order formerly granted on July 2, 2025, by the applicable securities regulatory authorities, will be revoked and that the Company鈥檚 directors and officers will once again be permitted to trade in the Company鈥檚 securities.
Christina Lake Cannabis is a licensed producer of cannabis under the Cannabis Act. It has secured a standard cultivation license and corresponding processing amendment from Health Canada (March 2020 and August 2020, respectively) as well as a research and development license (early 2020). Christina Lake Cannabis鈥 facility consists of a 32-acre property, which includes over 950,000 square feet of outdoor grow space, offices, propagation and drying rooms, research facilities, and a facility dedicated to processing and extraction. Christina Lake Cannabis also owns a 99-acre plot of land adjoining its principal site. 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.com
Jennifer SmithInvestor Relations and Media Inquiries[email protected]902-229-7265
Forward Looking Information and Risk Factors
This news release contains statements and information that may constitute 鈥渇orward-looking information鈥 within the meaning of applicable securities legislation, including statements identified by the use of words such as 鈥渨ill鈥, 鈥渆xpects鈥, 鈥減ositions鈥, 鈥渂elieve鈥, 鈥減otential鈥 and similar words, including negatives thereof, or other similar expressions concerning matters that are not historical facts.
Such forward-looking information is not representative of historical facts or information or current condition, but instead represent only the Company鈥檚 beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company鈥檚 control. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as 鈥減lans鈥, 鈥渆xpects鈥 or 鈥渄oes not expect鈥, 鈥渋s expected鈥, 鈥渂udget鈥, 鈥渟cheduled鈥, 鈥渆stimates鈥, 鈥渇orecasts鈥, 鈥渋ntends鈥, 鈥渁nticipates鈥 or 鈥渄oes not anticipate鈥, or 鈥渂elieves鈥, or variations of such words and phrases or may contain statements that certain actions, events or results 鈥渕ay鈥, 鈥渃ould鈥, 鈥渨ould鈥, 鈥渕ight鈥 or 鈥渨ill be taken鈥, 鈥渨ill continue鈥, 鈥渨ill occur鈥 or 鈥渨ill be achieved鈥. The forward-looking information contained herein may include, but is not limited to, statements regarding the Company鈥檚 expectations that the completion of the Annual Filings will satisfy its continuous disclosure obligations; and that, as a result, the management cease trade order granted on July 2, 2025, will be revoked and directors and officers of the Company will be permitted to trade securities of the Company.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. Some of these risks include, but are not limited to, the risk that the Annual Filings do not meet applicable regulatory requirements, that the cease trade order is not revoked as expected, and that trading by directors and officers remains restricted for longer than anticipated.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.
In connection with the forward-looking information contained in this news release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information contained in this news release are made as of the date of this news release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice.