Christina Lake Cannabis Appoints Senior Executive Gil Playford to Board of Directors and Chairman of Audit and Finance Committee
(firmenpresse) -
VANCOUVER, British Columbia, December 16, 2020 - Christina Lake Cannabis Corp. (the Company or CLC or Christina Lake Cannabis) (CSE:CLC) (FRANKFURT: A2QEGJ) is pleased to announce that it has appointed Gil Playford, an internationally accomplished senior corporate executive and entrepreneur in the mining and resource sectors, to its Board of Directors as well as to the Chairman position of CLCs Audit and Finance Committee.
With diverse global experience, Mr. Playford has developed a strong business and financial background in leadership positions for public and private companies which consistently drove business growth and shareholder value. Mr. Playford joins the Companys Board of Directors under the leadership of its Chairman Mervin Boychuk, a very successful entrepreneur in construction and waste management who was recently named to the Board of Directors earlier this year.
Christina Lake Cannabis, which cultivates cannabis outdoors for extraction as a licensed producer under the Cannabis Act, completed its inaugural grow season earlier in 2020 with total production exceeding original estimates by over 44% with approximately 32,500 kg / 71,650 lb of dried cannabis. In its December 11, 2020 press release, the Company detailed its plans to scale production upward in the following year through strategies to include potentially utilizing a greater portion of its 32-acre site, and potentially adjusting growing timelines to allow for two full crops of plants from select cannabis strains in a single season. By adding Mr. Playford to its Board of Directors, the Company anticipates it can benefit from Mr. Playfords valuable insights in rapidly driving growth for production-centric enterprises.
Mr. Playfords career began with Union Carbide Corp. (Union Carbide), one of the original Nifty Fifty stocks trading on Wall Street. He quickly ascended the ranks to hold multiple senior positions over a 25-year tenure to include Managing Director in Switzerland, Belgium, and Germany, Chairman and Chief Executive Officer for Union Carbide Canada, and Chief Financial Officer for Union Carbide in its New York office. After Union Carbide, Mr. Playford became Chairman and Chief Executive Officer of UCAR Carbon, a carbon and graphite company formed in a joint venture with Mitsubishi Corporation. UCAR Carbon was renamed GrafTech and taken public under Mr. Playfords leadership as Chairman and CEO, with GrafTech presently trading on the New York Stock Exchange. Transitioning to mining, Mr. Playford founded LionOre Mining (LionOre), a producer of gold and nickel in Africa and Australia. Under Mr. Playfords leadership in the Chief Executive Officer and Chairman roles of LionOre, the firm was sold to the Russian mining conglomerate Norilsk Nickel in an all-cash deal valued at CAD $6.8 billion, following a rival offer of CAD $6.2 billion from Xstrata PLC. Mr. Playford holds a Bachelor of Engineering from McGill University, and a Master of Business Administration from York University in Toronto.
I am looking forward to joining CLCs Board and becoming the Chairman of the Audit and Finance Committee because the Company has a significant cost competitive advantage as an outdoor cannabis producer with a superior location in British Columbia, said Gil Playford regarding his recent appointment to the Companys Board. Whether producing industrial commodities, precious metals, or cannabis, operational expenses and consistent quality must be competitive to achieve industry-leading margins and sustainable sales growth. CLCs ability to produce outdoor cannabis with substantially lower operating costs and capital investment than indoor growers could position the Company favourably to establish itself as a powerful player in this industry. I look forward to applying what I have learned from my years in corporate settings in executive management to my new capacities as a member of the Companys Board and Chair of its Audit and Finance Committee. This is an exciting time as CLC plans for the 2021 growing season and lays out strategic plans for near-term growth.
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). CLCs 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) from its existing facility before developing an adjacent 99-acre expansion property, which will ultimately bring its annual cultivation footprint to over 4.35 million square feet or over 88,000 kg (194,007 lb) of low-cost, high-quality, sun-grown cannabis.
On behalf of Christina Lake Cannabis Corp.:
Joel Dumaresq
Joel Dumaresq, CEO and Director
For more information about CLC, please visit: www.christinalakecannabis.com
Jamie Frawley
Investor Relations
jamie(at)clcannabis.com
416-268-9432
Jordan Owens
Media Inquiries
jordan.owens(at)hkstrategies.ca
236-818-5969
THE CANADIAN SECURITIES EXCHANGE (CSE) HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.
Forward-Looking Information: This news release includes certain statements that may be deemed forward-looking statements. The use of any of the words anticipate, continue, estimate, expect, may, will, would, project, should, believe and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Companys disclosure documents which can be found under the Companys profile on www.sedar.com.
Statement Regarding Third-Party Investor Relations Firms
Disclosures relating to investor relations firms retained by Christina Lake Cannabis Corp. can be found under the Company''s profile on http://sedar.com.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
" alt="Innocan Pharma announces the Successful Completion of its First Full-Scale Manufacturing Run in Europe and the Commencement of its Full-Scale Manufacturing Run in the USA ">
" alt="Medigene AG: Dr. Anthony Man appointed to Supervisory Board">
Datum: 16.12.2020 - 16:03 Uhr
Sprache: Deutsch
News-ID 1563224
Anzahl Zeichen: 6397
contact information:
Contact person:
Town:
Wien
Phone:
Kategorie:
Business News
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 404 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Christina Lake Cannabis Appoints Senior Executive Gil Playford to Board of Directors and Chairman of Audit and Finance Committee
"
steht unter der journalistisch-redaktionellen Verantwortung von
Christina Lake Cannabis Corp. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
