Christina Lake Cannabis Corp. (CNSX:CLC) agreed to acquire certain Assets from British Columbia corporation for $3 million on February 2, 2024. Transaction includes acquiring ownership of outdoor cultivation facilities in Midway, British Columbia, related harvesting and manufacturing equipment, and approximately 19,000 kg. of biomass. The Purchase Price for the acquisition was paid through the issuance of a secured convertible promissory note having a 5-year term. The Note is secured by the land and buildings acquired in the Transaction. The Transaction is expected to close on February 9, 2024, subject to completion of customary closing conditions.

Christina Lake Cannabis Corp. (CNSX:CLC) completed the acquisition of Certain Assets from British Columbia corporation on February 9, 2024.