Thoroughly Integrated Production Chain can provide Unique Advantages to Christina River Cannabis in Commercializing Distillate Oils
Two members of CLC’s extraction team hold dried biomass (left) in addition to crude oil (right) while you're watching Company’s Vitalis R-200 CO2 extraction machine
VANCOUVER, United kingdom Columbia, Jan. 29, 2021 (GLOBE NEWSWIRE) -- Christina Body of water Cannabis Corp. (the “Company” or maybe “CLC” or “Christina Body of water Cannabis”) (CSE: CLC) (FRANKFURT: CLB) is pleased to announce the particular one of its cannabis distillate oils have been certified to have your tetrahydrocannabinol (“THC”) concentration regarding 90. 3% based with a certificate of analysis dated January 15, 2021 from your testing laboratory accredited by simply Health Canada. The Company recently announced its intent to primarily focus on producing cannabis distillate oils by extracting from its 2020 pick of 32, 500 kg / 71, 650 lb of biomass grown within natural sunlight. Based on market demand for distillate oils, which typically contain THC concentrations over 90%, the Company believes its uniquely positioned in the cannabis marketplace to be a competitive supplier of distillate oils. Additionally, the Company is planning to blend cannabis-derived terpenes with its distillate oils, a combination which includes only recently been requested while in the Canadian cannabis industry inspite of being relatively common around other markets.

As the fully integrated producer with cannabis oils, the Company is favourably situated in the Canadian cannabis industry on account of its control over and visibility into your production chain. CLC features a genetic databank consisting regarding over 100 proprietary cannabis strains as well as a total inventory of around 600, 000 seeds CO2 Extraction Machine, which in turn it began cultivating outdoors last spring at their facility in Christina Body of water, British Columbia with through 950, 000 square feet / 88, 258 rectangular metres of outdoor mature space. After harvesting plus processing the crop, this company then extracts oils from its dried biomass implementing its Vitalis R-200 CARBON DIOXIDE IS RED-HOT extraction machine. This calendar year, the Company has also been successful in producing professional quantities of market-ready winterized cannabis fat with distinct terpene profiles, which can be sought-after for use inside recreational products under Cannabis 3. 0 for adult people (e. g.,vapes, edibles, topicals) plus medicinal products.
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In CLC’s January THIRTEEN, 2021 press release, it had been announced that the Company was beginning to make ultra-high potency cannabis distillate oils, samples of which are presently considering independent third-party assessment of THC levels and other metrics. Distillate oils aren't commonly used as any standalone product, but rather for ingredient in products which could be enhanced through your addition of concentrated THC (e. g.,food and beverage, own care, cosmetics). Although the power to produce cannabis distillate oils just isn't unique in and associated with itself, the Company benefits from several advantages it's as a fully integrated producer which could allow for lower chance, above-average profit margins, along with greater supervision.

Cost of Raw Materials: Cultivating cannabis outdoors naturally using sunlight permits substantially lower costs when compared to growing in greenhouses or perhaps indoors. Given the ratio of dried biomass necessary for each millilitre of cannabis gas, even small differences in the expense of biomass can have a significant effect on the profitability on the producer of cannabis extracts.

Robust Supply: Because the complete yield rate of distillate oil from dried biomass isn't always known, producers of cannabis concentrated amounts often risk depleting their supply incase yields are lower when compared with expected. As the Company’s inaugural crop garnered 32, 500 kg / 71, 650 lb of biomass, CLC possesses a sufficient method of getting raw material to handle this risk with not a significant effect on earning.

Extraction Costs: Extraction is really a function that is generally outsourced by cannabis suppliers, which tends to be costly than extracting in-house. The organization owns its Vitalis R-200 CO2 extraction machine and all ancillary equipment, and features extraction personnel on workforce cbd oil co2 extraction machine. As such, the Company’s fairly low costs of removal could prove advantageous around reducing CLC’s net fee of producing cannabis distillate oils.

In-House Equality: Another disadvantage of outsourcing cannabis extraction into a third party is a lack of ongoing visibility into the particular processes. Observations made during each step belonging to the way from initial removal to final distillation are essential to ensuring a dependable and high-quality finished product or service, especially when controlling pertaining to operational variables and different properties of specific strains. CLC’s extraction workflows are fashioned to gather insights throughout great depth, which is often analyzed collaboratively to produce cultivation and business decisions according to observations from empirical records collected during extraction.

Joel Dumaresq, Chief Executive Officer and a director of the Organization commented, “Part of our vision with Christina Lake Cannabis has not been just to maximize your advantages that come from growing outdoors, but also integrating approximately we can into our in-house operations in order that we can do stuff other licensed producers are unable to necessarily do. There a wide range of moving parts to any agricultural product which range from the seed, to the setting where it is grown, to processes for cultivation, to harvesting, to post-harvest activities like extraction. We have sought to bring this in house which can enable us not alone to reduce costs, but also to oversee every last step to ensure consistent quality. As we work towards making our initial sales of cannabis concentrated amounts, it is becoming clear that him and i have done many things right, and we are comfortable that market reception may reflect this and give us time to further optimize our strategies for our second year connected with growing and beyond. ”

About Christina Lake Cannabis Corp.

Christina Body of water Cannabis Corp. is a licensed producer of cannabis less than the Cannabis Act. These have secured a standard cultivation licence and corresponding processing/sales amendment from Health Canada (March 2020 as well as August 2020, respectively) and a research and improvement licence (early 2020). CLC’s facility contains a 32-acre property, including over 950, 000 rectangle feet of outdoor mature space, offices, propagation in addition to drying rooms, research facilities, and a facility focused on processing and extraction. CLC also owns a 99-acre parcel adjoining its principal 32-acre web-site, which enables the Company to develop at a much large scale. CLC cultivates cannabis utilizing strains specifically developed to get outdoor cultivation and around its inaugural harvest calendar year produced 32, 500 kg (71, 650 lb) with its existing facility ahead of developing an adjacent 99-acre development property. Such an enlargement will ultimately bring CLC’s 12-monthly cultivation footprint to over 4. 35 million block feet, which could enable at the very least 150, 000 kg (330, 693 lb) regarding low-cost, high-quality, sun-grown cannabis to get produced annually by the corporation.

Forward-Looking Data: This news release includes certain statements which may be deemed “forward-looking statements. ” Having any of the words “anticipate, ” “continue, ” “estimate, ” “expect, ” “may, ” “will, ” “would, ” “project, ” “should, ” “believe” and similar expressions are meant to identify forward-looking statements. However the Company believes that that expectations and assumptions which the forward-looking statements are generally based are reasonable, undue reliance should not be designed into the forward-looking statements as the Company can give absolutely no assurance that they will provide correct. Since forward-looking assertions address future events and also conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only adjusted the date of this specific News Release.