Christina Lake Cannabis Announces Credit Facility

VANCOUVER, British Columbia, Nov. 03, 2026 (GLOBE NEWSWIRE) -- Christina Lake Cannabis Corp. (the “Company” or “CLC” or “Christina Lake Cannabis”) (CSE: CLC) (OTCQB: CLCFF) (FRANKFURT: CLB) announces that it has entered into a secured credit facility with an entity controlled by Salvatore Milia, a director of the Company (the "Lender"), pursuant to which the Lender has agreed to make available to the Company a revolving line of credit of up to $1,500,000 (the "New Facility"). The New Facility has a term of two (2) years from the date of the agreement, bears interest at a rate of 14% per annum on outstanding amounts, and is repayable on demand by the Lender with 90 days’ notice by the Lender to the Company. Additionally, the Company may repay the New Facility at any time prior to the end of the term without penalty. The New Facility is secured through a second mortgage on the Company's property at 775 Highway 395, Christina Lake, British Columbia and a general security agreement. The New Facility is not convertible into any other securities of the Company.