Mr. Mark Aiken reports

CHRISTINA LAKE CANNABIS PROVIDES HARVEST UPDATE

Christina Lake Cannabis Corp. has completed its fourth consecutive successful outdoor harvest.

The 2023 harvest yielded more than 37,000 kilograms of dry outdoor flower and biomass. The flower and biomass are expected to be processed to create multiple product offerings such as flower, kief, hash and distillate, all of which are highly sought-after ingredients that are critical components to the production of finished goods by the company's customers. These finished goods take the forms of packaged flower, vapes, prerolls, infused prerolls, hash, edibles and beverages under many of the top brands in the Canadian cannabis market. To support the growing customer demand for diversified products, Christina Lake's cultivation team has continued to develop in-house genetics through a breeding program that has led the company to be able to increase allocation toward high-quality outdoor flower, kief and hash, expanding the product mix and improving the company's ability to be a key supplier to top brands.

The company is actively processing the 2023 material into multiple product streams. With exciting new genetics, the master growers are busy prepping mother plants in anticipation of the 2024 outdoor grow season.

About Christina Lake Cannabis Corp.

Christina Lake Cannabis is a licensed producer of cannabis under the Cannabis Act. It has secured a standard cultivation licence and corresponding processing amendment from Health Canada (March, 2020, and August, 2020, respectively) as well as a research and development licence (early 2020). 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. The company focuses its production on creating high-quality extracts and distillate for its business-to-business client base with proprietary strains specifically developed for outdoor cultivation to enhance extraction quality.

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