Christina Lake Producing Winterized Cannabis Oil in Commercial Quantities

In recent years, YouTube has become an outstanding resource for people with varied interests and now there are many channels that cater specifically to stock market investors. One of the channels to have become quite popular with many investors in recent times is RichTV LIVE.

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Major Explanation

The channel showcases the news with regards to many stocks on a daily basis and in its latest video, the RichTv LIVE analyst into Christina Lake Cannabis (CSE:CLC) OTCMKTS:CLCFF) (FRANKFURT:A2QEGJ). The video came up after the company made a major announcement with regards to its cannabis production business.

Christina Lake announced on Tuesday that the commercial production of winterized cannabis oil and the full spectrum variant of the same thing has commenced. It should be noted that the production of these products is being facilitated through the crude oil that Christina Lake is producing in house from biomass. It goes without saying that this is a major development for the company and hence it was no surprise that it caught the attention of the people at RichTv LIVE.

The channel often breaks down the latest developments with regards to many companies. However, in this regard, it is also necessary to point out that RichTv has been following the company for quite some time and had in fact recommended the stock in one of his previous videos not too long ago.

The analyst went on to state that although it is true that those who had acted on the RichTv LIVE recommendation had made profits, there could be more upside in the stock. The analyst stated that there could be ‘more upside’ in the stock in the long term and hence, that is something investors would need to see for themselves.

That being said, there are some things that could be pointed out straight away. Christina Lake has an international presence and on top of that, it not only boasts of a strong management team but also a strong balance sheet. RichTv LIVE analysts pointed that out as well in its latest video. It is likely that more and more investors are going to turn their attention to the stock in the days and weeks to come.

Featured image: DepositPhotos © forkjemper

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