Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Christina Lake Cannabis ( (TSE:CLC) ) just unveiled an announcement.
Christina Lake Cannabis Corp. has successfully completed its 2024 harvest, significantly increasing its cultivation capacity with the acquisition of a new outdoor facility in Midway, British Columbia. This expansion has enabled the company to produce a combined total of approximately 105,000 kilograms of biomass and flower, resulting in an 81% growth in inventory value. The strategic move has reduced the company’s reliance on external feedstock sources, allowing it to capitalize on increasing demand while managing rising costs in the market.
More about Christina Lake Cannabis
Christina Lake Cannabis Corp. operates in the cannabis industry, focusing on the cultivation and production of cannabis biomass and flower. The company is expanding its operations to meet growing customer demand by diversifying its product range and securing its supply chain.
YTD Price Performance: 35.00%
Average Trading Volume: 13,182
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.62M
For an in-depth examination of CLC stock, go to TipRanks’ Stock Analysis page.
