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An announcement from Christina Lake Cannabis ( (TSE:CLC) ) is now available.
Christina Lake Cannabis Corp. has secured a $1.5 million revolving line of credit from a company director, Mervin Boychuk, with a two-year term and 15% interest, secured by a second mortgage on its property. Additionally, the company entered an 18-month equipment lease agreement with Boychuk, with an option to purchase the equipment post-lease, highlighting strategic financial maneuvers to bolster its operations.
Spark’s Take on TSE:CLC Stock
According to Spark, TipRanks’ AI Analyst, TSE:CLC is a Neutral.
Christina Lake Cannabis has a moderate overall stock score. The most significant factor is its financial performance, which shows growth but also highlights profitability and cash flow challenges. Technical analysis indicates stability without strong momentum. Valuation suggests potential undervaluation, but the lack of a dividend yield is a downside for some investors.
To see Spark’s full report on TSE:CLC stock, click here.
More about Christina Lake Cannabis
Christina Lake Cannabis is a licensed producer of cannabis under the Cannabis Act, holding a standard cultivation license and a processing amendment from Health Canada, along with a research and development license. The company operates on a 32-acre property with extensive outdoor grow space, processing facilities, and research amenities. CLC focuses on producing high-quality outdoor flower, extracts, and distillate for its B2B clients.
YTD Price Performance: 60.0%
Average Trading Volume: 85,441
Technical Sentiment Signal: Sell
Current Market Cap: C$9.92M
Find detailed analytics on CLC stock on TipRanks’ Stock Analysis page.