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Christina Lake Cannabis Corp. (CSE:CLC) (OTCQB:CLCFF) (FRANKFURT: CLB) disclosed Monday its financial and operational results for fiscal Q3 2021, reporting its highest sales quarter since inception. The cannabis company, based in Vancouver, British Columbia, reported gross revenue of CA$1.29 million ($1.04 million), up by 495% from CA$216,738 in the prior quarter.
“This was a productive quarter for the Company as we continued our revenue growth with the support of steady demand for our cannabis extracts,” said Joel Dumaresq, CEO and director of Christina Lake Cannabis in a statement. “The needs of Licensed Producers have become increasingly sophisticated as product offerings under ‘Cannabis 2.0’ are creating greater demand for both medicinal and recreational use cases. Under CLC’s commercial sales leadership, we’ve been able to align a healthy supply of distillate oils and kief with the needs of a diverse base of Licensed Producer accounts across Canada.”
Price Action
Christina Lake Cannabis’ shares were trading 7.22% higher at 31 cents per share at the time of writing late Monday morning.
Photo: Courtesy of CRYSTALWEED cannabis on Unsplash