Christina Lake Cannabis Nearly Triples Its Cannabis Extraction Capacity
Investors are now increasingly prone to go online in search of information with regards to the stock markets and it is fair to say it is the best possible course of action. However, at the same time, it should be noted that there are plenty of sources that provide unreliable information and it is important to only refer to sources that are reliable. RichTV Live has emerged as one of the more popular YouTube channels for investors in recent months and it is easy to see why.
The channel provides reliable information on a range of companies on a regular basis and in a video released yesterday, the Rich Tv analyst looked into Christina Lake Cannabis (CSE:CLC) OTCMKTS:CLCFF) (FRANKFURT:A2QEGJ).
There was a major development with regards to Christina Lake on Wednesday and hence, it was no surprise that the company was the subject of the RichTV coverage. It should be noted that the company has been covered by RichTV quite extensively in recent times. Last week, the company announced that it completed testing a cosolvent injection system for a period of eight weeks.
The add-on in question has been developed by Vitalis Extraction Technology Inc and is meant to considerably improve the extraction process in the cannabis industry. More importantly, Christina Cannabis does put in this add on then it is going to boost its extraction capacity as much as threefold and that could constitute a huge breakthrough for the company.
The RichTV analyst also seemed pretty optimistic about this development and it is easy to see why. The cannabis extraction industry has grown at an impressive pace in recent times and due to the rising demand for extraction services from many of the leading companies, it is a space that is expected to grow rapidly. The legalization of the so-called Cannabis 2.0 products has also come as a shot in the arm of the cannabis extraction industry.
Hence, in such a situation, if Christina Lake Cannabis can manage to boost its production capacity threefold then it goes without saying that it is going to give the company the wherewithal to emerge as a major player in the business. Investors could consider keeping an eye on this stock over the coming weeks.
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