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Outdoor cannabis grower Christina Lake Cannabis (CSE:CLC / FRA:CLB / OTC:CLCFF) is in in preparation for this season, part of which includes the recruitment of new personnel and and an upgrade to its irrigation equipment.

Christina Lake Cannabis is a recognised specialist in outdoor strains of cannabis which last year were turned into high grade CBD oil and other derivatives for both the Canadian and US markets. It is managed by specialists in the cannabis space who have embarked on the development of crops that can flourish outdoors and at a lower price point than strains grown in green houses.

Christina Lake said that it will be refining its cultivation methodologies in the wake of its successful 2020 growing season and will be cultivating around 26,000 plants this year. This represents an increase of 15% over its crop last year. The company has already tripled the capacity of its cannabis extraction operations following investment in new equipment.

“We are getting ready for a very exciting year in which we will be growing even more cannabis plants, placing a greater emphasis on extraction, and continuing our R&D initiatives to engineer cannabis strains with unparalleled properties for outdoor growing under sunlight,” said Joel Dumaresq, CEO at Christina Lake Cannabis.

The company is pushing forward with innovation on a number of fronts. It reported that clones of new strains have completed an early test growth phase and have moved to greenhouse testing. This is part of its efforts to develop new proprietary strains suitable for outdoor growing and which are resistant to mould and pests. The objective is to realise strains that are also able to meet specific cannabis industry demands – e.g. THC content.

The in-house master growers have chosen the same seven cannabis strains that were so successful from last year. Around 15,000 seeds have been planted. CLC is also exploring whether it can increase the number of harvests it can get from this site in 2021 and remains optimistic it can achieve it this year based on weather forecasts for the Canadian summer. It will also be monitoring the THC content of some its strains to see when the peak concentration is reached and when the optimum time to harvest the plants will

be. Timing is everything in order to achieve the maximum THC levels from the plants.

“We have picked up excellent momentum going into our second year of full-scale operations, having proven our capabilities as a fully integrated developer, cultivator, and extractor of cannabis grown naturally under sunlight,” said Nicco Dehaan, COO at Christina Lake Cannabis. “Through strategic enhancements of various facets of our operations, we are confident that 2021 will be a very exciting year for all of us as we build upon our learnings and accomplishments from last year.”

Christina Lake Cannabis has increased its extraction capacity by more than 175% through investment in infrastructure; it is now unveiling plans to add new shifts to its extraction schedule as it looks to scale up the output of its cannabis extracts. A further 14 workers have been added to its staff and the company will be acquiring further dried cannabis from other sources this year so that it can refine more cannabis oils and other distillates going into the summer and fully leverage its plant.

All this innovation looks well suited to reinforcing the company’s prospects as it positions itself as both a grower and refiner in the North American cannabis space. It has both its own low cost and robust cannabis crop to play with this summer AND now the facilities to process both its own crops and those of other growers to a high standard.

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Stuart Fieldhouse

Stuart Fieldhouse

Stuart Fieldhouse has spent 25 years in journalism and marketing, including as a wealth management editor for the Financial Times group, covering capital markets and international private banking, and as an investment banking correspondent for Euromoney in Hong Kong. He was the founder editor of The Hedge Fund Journal.

Stuart has worked at CMC Markets, supporting the re-launch of its global financial spread betting and CFD trading platforms. He is also the author of two books on trading, published by Financial Times Pearson. Based in The Armchair Trader’s London office, Stuart continues to advise fund managers, private banks, family offices and other financial institutions.

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