VANCOUVER, British Columbia — January 16, 2026 — Leads & Copy — Christina Lake Cannabis Corp. has completed the sale of its 99 acres of non-core land at 46 Ponderosa Drive in Christina Lake, British Columbia.
The company sold the bare un-serviced land to an arm’s length third party for aggregate gross proceeds of $551,000. The land is not required for the Company’s current or anticipated operations and was classified as a non-core asset following the Midway acquisition in February 2024, which provides sufficient land to support the Company’s long term objectives.
The disposition of the Land strengthens the Company’s balance sheet and enhances liquidity while allowing management to remain focused on its core operating assets. Proceeds from the Sale Transaction will be used for general working capital for the Company.
Christina Lake Cannabis is a licensed producer of cannabis under the Cannabis Act with a standard cultivation license and corresponding processing amendment from Health Canada as well as a research and development license.
Christina Lake Cannabis’ facilities consist 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 and 342-acre property which includes approximately 100-acres of licensed outdoor grow space, green houses, and a dry room.
CLC focuses its production on creating high quality outdoor flower, extracts and distillate for its B2B client base.
Mark Aiken, CEO
Jennifer Smith
Investor Relations and Media Inquiries
investors@clcannabis.com
902-229-7265
Source: Christina Lake Cannabis
