Christina Lake Cannabis: RichTV Talks to the Director of Sales and Marketing Milan Stefancik
Nowadays information is quite easily available so that investors can make informed decisions. However, at the same time, it is also important to note that in the midst of an information overload, one needs to know where to look. There are plenty of YouTube channels that provide investors with stock related information but there are many which are not as reliable.
In recent times, RichTV Live has emerged as one of the more reliable YouTube channels for stock market investors and in its latest video, the analyst interviewed a top executive from Christina Lake Cannabis (CSE:CLC) OTCMKTS:CLCFF) (FRANKFURT:A2QEGJ). In the video, the Director of Sales and Marketing Milan Stefancik appeared for a chat with the host.
In this regard, it is also necessary to note that the company had also made a major announcement yesterday and hence, it was not a surprise that the Christina Lake executive chose to go on the show. The company announced yesterday that a cannabis distillate oil that it markets has been certified to have contained THC concentration of 90.3%.
The certificate in question was awarded by a lab that is certified by the regulatory body Health Canada and hence, it is a significant development for the company. Recently, Christina Lake had also announced that it is going to shift its focus to the production of distillate oils from the cannabis harvest it had in 2020.
The latest announcement triggered a rally in the stock as well and that was the theme on which the discussion with Stefancik got underway. However, one of the most important questions that was asked by the host was a point-blank query about the exact competitive advantage that Christina Lake might have over its peers.
Stefancik said that one of the biggest competitive advantages enjoyed by Christina Lake is the very low cost that is incurred for input feed. He then went on to state that at this point pricing is the most important factor when it comes to the success of any company, irrespective of whether it is involved in retail or wholesale.
Hence, he reiterated that Christina Lake has a major advantage over other companies right at the starting point with regard to input feed costs. Check out the video to know more about what was discussed.
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