Nowadays, investors prefer a wide range of platforms when it comes to getting the latest information and over the past months, the YouTube channel RichTv Live has become one of the most popular resources. The analyst at RichTv provides the latest information and views on some stocks every day.
In its latest video, RichTv LIVE analyzed the latest news with regards to Christina Lake Cannabis (CSE:CLC) OTCMKTS:CLCFF) (FRANKFURT:A2QEGJ). The company, which trades in both Canada and the United States, made a major announcement on Wednesday with regards to one of its vital projects.
The Christina Lake stock has been in focus among investors this week and after making significant gains, the stock rose by 9% on Wednesday after the announcement. The company announced that it had been successful in becoming the first company to produce crude oil derived from cannabis.
More importantly, the company also announced that it had used its own ‘Vitalis System’ for the purpose of extraction. The extraction system had been commissioned by Christina Lake back on October 25 this year. Christina Lake announced that it has now entered the hugely important sales and marketing stage of the project with regards to its cannabis-derived crude oil.
The development is a significant one because Christina Lake has managed to become the very first company to have entered the market with this particular line of product. While analyzing the stock in the latest video the RichTv LIVE analyst stated that he believes that it is currently underappreciated and undervalued.
More importantly, the analyst also pointed out that Christina Lake has not got much exposure and there are very few market participants who might be aware of the existence of the company. It is often seen that certain gems can be had from among companies that are not as exposed to investors and hence, investors could consider taking a closer look at Christina Lake Cannabis at this point in time. That being said, it is also necessary to track the stock and see if it is able to maintain its momentum through the rest of the week.
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