Christina Lake Cannabis to Become Exclusive Developer and Distributor of TAAT and Beyond Tobacco in Canada - Seite 3

Setti Coscarella, Chief Executive Officer of TAAT commented, “Legal-aged smokers in Canada have shown a persisting interest in TAAT, despite the fact that we have not conducted any product advertising whatsoever here. In the consumer packaged goods (‘CPG’) industry it is relatively common for firms to partner with local manufacturers in international markets for a variety of reasons (e.g., Hershey makes Cadbury chocolate in the United States), and I believe that working with CLC could help to expedite our planned entry into the Canadian market.”

Sources

1 - https://www.statista.com/statistics/488752/forecasted-market-value-of- ...

2 - https://www.globenewswire.com/news-release/2021/01/29/2166840/0/en/60- ...

3 - https://www.globenewswire.com/news-release/2021/02/19/2179100/0/en/Fol ...

About Christina Lake Cannabis Corp.

Christina Lake Cannabis Corp. is a licensed producer of cannabis under the Cannabis Act. It has secured a standard cultivation licence and corresponding processing/sales amendment from Health Canada (March 2020 and August 2020, respectively) as well as a research and development licence (early 2020). CLC’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. CLC also owns a 99-acre plot of land adjoining its principal 32-acre site, which enables the Company to grow at a much larger scale. CLC cultivates cannabis using strains specifically developed for outdoor cultivation and in its inaugural harvest year produced 32,500 kg (71,650 lb) on its existing facility before developing an adjacent 99-acre expansion property. Such an expansion will ultimately bring CLC’s annual cultivation footprint to over 4.35 million square feet, which could enable at least 150,000 kg (330,693 lb) of low-cost, high-quality, sun-grown cannabis to be produced annually by the Company.