Cannabis Growers Focus on Developing Stronger THC Blends as Demand Soars

PALM BEACH, Florida, Feb. 1, 2021 /PRNewswire/ -- The marijuana industry has fought for legalization for decades. Over time, the cannabis industry has matured and continues to grow exponentially. All industry reports predict that the market value of the cannabis industry will continue to grow strongly in the coming years. These projections were made while marijuana was still illegal in the federal government. As legalization grows, so will the size of the market, and there will be changes in production methods and cannabis consumer behavior. Approximately 36 states and four territories (District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands) have enacted measures for the medical marijuana industry, and the recreational industry will not be far behind ...... Consumer demand has played a role in shaping successful product lines and brands. Recent reports show that consumers are increasingly demanding higher THC levels/percentages. A recent report from an industry source on recent trends says." What we've seen over the past few years is a growing demand for high THC strains. While we are learning more about how the present terpenes in a strain may play a more important role in the effect or 'high,' the way consumers are considering their options is simple: the highest THC at the lowest cost." Cannabis companies active in the market this week include Tilray, Inc. (NASDAQ: TLRY), Christina Lake Cannabis Corp. (OTCPK: CLCFF) (CSE: CLC), Agrify Corporation (NASDAQ: AGFY), Sundial Growers Inc. (NASDAQ: SNDL), Canopy Growth Corporation (NASDAQ: CGC) (TSX: WEED).

The report goes on to say." Growers have to play the game and stay one step ahead of the preferred strains on the market, or better yet, one step ahead. Or better yet, stay one step ahead. Tastes and preferences change very frequently in this market, in part because breeders are constantly producing new cannabis strains." The report concludes: "Growers with access to breeders or staff who can start a program would be wise to develop and name their own strains. When you are the sole producer of a particular strain, your competitive advantage increases."

Christina Lake Cannabis Corp. (OTCPK: CLCFF) (CSE: CLC.CNQ) Breaking News. "From Seed to Sale". Fully Integrated Production Chain Offers Christina Lake Cannabis Unique Advantages in Distilled Oil Commercialization - Christina Lake Cannabis Corp. (the "Company" or "CLC" or "Christina Lake Cannabis") is pleased to announce that, according to Certificate of Analysis issued by a Health Canada accredited testing laboratory on January 15, 2021, one of its cannabis distillate oils has been certified at a tetrahydrocannabinol ("THC") concentration of 90.3%. The Company recently announced its intention to focus primarily on the production of cannabis distillate, derived from 32,500 kg/71,650 lbs of naturally sun-grown biomass harvested in 2020. Based on the market demand for distillate, which typically has a THC concentration of over 90%, the Company believes it is uniquely positioned to be a competitive supplier of distillate in the cannabis market. In addition, the company is planning to blend its distillate with cannabis terpenes, a combination that has only recently been requested by the Canadian cannabis industry, despite being relatively common in other markets.

As a fully integrated cannabis oil producer, the company is well positioned in the Canadian cannabis industry because of its control and visibility into the production chain. with a genetic database of more than 100 proprietary cannabis strains and a total inventory of more than 600,000 seeds, CLC began outdoor cultivation last spring at its facility in Christina Lake, B.C. with more than 950,000 square feet/88,258 square meters of outdoor growing space. After harvesting and processing the crop, the company uses a Vitalis R-200 CO2 extractor to extract the oil from the dried biomass. This year, the company successfully produced commercial quantities of marketable winter cannabis oil with unique terpene profiles that are popular in recreational products (e.g., smoked, edible, topical) as well as medicinal products for adult consumers below Cannabis 2.0.

In a press release issued by CLC on January 13, 2021, it was announced that the company began producing ultra-high potency cannabis distillate oils, samples of which are currently being independently evaluated by a third party for THC levels and other metrics. Distilled oils are not typically used as standalone products, but rather as an ingredient in products that can be enhanced with the addition of concentrated THC (e.g., food and beverages, personal care, cosmetics). While the ability to produce cannabis distillate is not unique in and of itself, the Company benefits from being a fully integrated producer with several advantages