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Christina Lake Cannabis Conducts Management Changes

VANCOUVER, British Columbia, Feb. 17, 2020 (GLOBE NEWSWIRE) -- Christina Lake Cannabis Corp. (the a??Companya?? orA  a??CLCa?? or a??Christina Lake Cannabisa??) announces today that Mr. Benjamin Asuncion has resigned as a director and Mr. Arie Prins has stepped down as President, Chief Executive Officer (a??CEOa??) and a director of the Company effective immediately. The board of directors has appointed Mr. Joel Dumaresq, Director and Chief Financial Officer as the Companya??s interim-CEO to replace Mr. Prins.
Mr. Dumaresq has been active in Christina Lake Cannabis since the outset and will manage the Company through its planned public listing, pending Health Canada licensing, and planned cultivation and processing phases.Over the past 15 months, Mr. Prins oversaw the acquisition, buildout and construction of CLCa??s 131-acre outdoor grow facility as well as the recent submission to Health Canada of the Companya??s final evidence package in conjunction with its application for a Standard Cultivation License.A Christina Lake Cannabis is also pleased to announce that Nicco Dehaan, a sizable investor in, and director of the Company since its founding, has agreed to assume the role of Chief Operating Officer of CLC.A  Mr. Dehaan is highly experienced in the industry having held for over seven years a license for the growing of medical Cannabis.A  Nicco will be responsible for overseeing all of CLCa??s cultivation and processing operations along with expansion on the Companya??s a??131-acre owned-propertya?? and over a??200 acre optioned-propertya??, once the necessary licenses have been secured.The Company further announces the immediate formation of an advisory committee to provide management with input and advice as the Company nears production.A  Christina Lake Cannabis is pleased to welcome Mr. Gil Playford and Mr. Mervin Boychuk to the Advisory Committee. Mr. Asuncion will remain involved with Christina Lake Cannabis as an advisor to the Company, and has chosen to vacate his Board position in order to make room on the Board for individuals with direct operational experience.
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