Christina Lake Cannabis Corp. (OTCQB:CLCFF) (CSE:CLC) (FRANKFURT:CLB) provided a corporate update.
Distillate Capacity Increase
The company has successfully commissioned equipment and exceeded initial production expectations. The expanded processing capabilities have enabled the company to produce upwards of a 75% increase in distillate production.
2022 Crop Results
An increase in the amount of biomass, refined harvesting techniques and strain selection have resulted in enhanced quality and potency of the company's production inputs. This improvement has resulted in an estimated average yield increase of over 20% in the milligrams of THC extracted per kg of biomass.
The company has also reserved over 2,000 kg of purpose grown hang-dried, cured flower for its new pre-roll and infused pre-roll product lines.
2023 Crop Preparation
2023 crop preparation is well underway at the company's Christina Lake facility. The results from the 2022 harvest guided the enhanced strain selection for the 2023 season. Utilizing the data gathered from previous harvests, the company was able to optimize its strain selection for both distillate production and the pre-roll manufacturing lines.
Enhancements to the greenhouses have allowed for an earlier start to the season and are yielding strong results. Transition of clones to the greenhouses began this week, ahead of schedule. The company's team is currently preparing the fields to transplant the established clones, which is expected to occur during the first week of June.
South Africa
The company expects to complete its first shipment of custom formulations of medical cannabis oils into the South African medical cannabis market in fiscal Q3 2023.
Addition of Customized Formulations
The company is now offering customized formulations to its partners. The enhanced offering will allow the company to customize distillate potency and flavor for each partner in a ready to use format, as well as use its techniques to infuse flower based on their specific needs.
New Product Launches
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The company's new equipment is successfully calibrated to consistently deliver pre-rolls with an "Dutch Crown" finish. Bulk production is available utilizing sun grown hang-dried cannabis specifically grown for pre-rolls. Additionally, as a value-added service, the company has also introduced an option for clients to provide their own flower for pre-roll production and/or terpene infusion.
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Kief - The 2022 harvest yielded an abundance high potency flower. With the company's focus on accretive inventory monetization, it has created multiple grades of Kief with purities of 30, 35 and 40%+ THC to provide as an additional product offering.
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Hash & Infused Hash – The company's hash will be offered in various THC ranges, in bulk and smaller formats, fully customized to meet its clients' needs.
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Photo by Richard T on Unsplash