Mr. Mark Aiken reports

CHRISTINA LAKE CANNABIS ANNOUNCES REPAYMENT OF CONVERTIBLE DEBENTURE

Christina Lake Cannabis Corp. has repaid the total principal amount due of $1.69-million under its 12 per cent unsecured convertible debentures due Sept. 13, 2023; the payment included outstanding interest due of $827,000. The repayment of the debentures at maturity was financed primarily with the proceeds of the non-brokered private placement announced on Sept. 7, 2023, and Sept. 12, 2023.

About Christina Lake Cannabis Corp.

Christina Lake Cannabis is a licensed producer of cannabis under the Cannabis Act with a standard cultivation licence and corresponding processing amendment from Health Canada as well as a research and development licence. Christina Lake Cannabis's 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. Christina Lake Cannabis focuses its production on creating high-quality extracts and distillate for its B2B (business to business) client base, with proprietary strains specifically developed for outdoor cultivation to enhance extraction quality.

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