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Christina Lake Cannabis plans massive expansion of outdoor cultivation

Christina Lake Cannabis Corp. has acquired ownership of outdoor cultivation facilities in Midway, southern British Columbia, from an unidentified privately owned corporation for 3 million Canadian dollars ($2.2 million).

With the acquisition, Christina Lake Cannabis (CLC) expands its licensed outdoor cultivation footprint by approximately 100 acres, the company announced Monday.


The company financed the acquisition through the issuance of a secured convertible promissory note, which bears interest at a rate of 10% for Year One, 15% for Year Two and 20% per year for the remaining three years.

Separately, the company said it plans to complete a non-brokered financing with gross proceeds of up to CA$2.5 million.

Christina Lake said it will issue notes on essentially the same terms as those issued to

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