Over the course of the past few months, RichTv LIVE has emerged as one of the most popular resources for investors on YouTube. It is easy to see why. The channel showcases stocks that might be a bit under the radar and also analyses the latest news with regards to any company. It has garnered a substantial following over 2020 so far.
In one of its latest videos, the analyst at RichTv LIVE looked into the latest development around the company Christina Lake Cannabis (CSE:CLC) OTCMKTS:CLCFF) (FRANKFURT:A2QEGJ). Here is a closer look at what the analyst had to say.
Recently, Christina Lake announced that it had been successful in having become the first cannabis company to have produced the first batch of crude oil derived from cannabis. It is, without a doubt, significant development and naturally, it became the subject of the video from RichTv on December 23. In this regard, it is also necessary to note that the company deployed its Vitalis System for the process.
The RichTv analyst stated that Christina Lake seems an attractive proposition because it is now working on providing an offering of a novel line of products. The cannabis industry has become highly competitive in recent times and the wider array of products is probably going to be an advantage for companies trying to make it big.
On the other hand, the company is also growing a wide variety of proprietary strains of cannabis as part of its outdoor cultivation program. The extracts from those strains are apparently going to be used in more products. It all points to the possibility of Christina Lake slowly but surely building up an impressive arsenal of raw products from which it can create a distinct competitive advantage over its peers in the long term.
The analyst at RichTv LIVE seemed quite excited about the latest developments and it is easy to see why. The company also owns a property that spans over an area of as much as 32 acres and out of that, 950,000 square feet has been earmarked for outdoor growing operations. It could be a good idea for investors to take a closer look at the company.
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