Christina Lake Cannabis (CLC) has produced its first batch of cannabis-derived crude oil.
The crude oil was produced using its Vitalis R-200-H-GMP-SS extraction system which was commissioned earlier this quarter.
The British Columbia-based company selected the Vitalis system for extraction of its outdoor-grown cannabis due to its advantageous properties as a CO2-based extraction system, which include tunability and compliance with Good Manufacturing Practices (GMP).
According to Health Canada, GMP ensure that drug and health products meet the quality standards appropriate to their intended use before they are sold.
Within weeks of commissioning the company's Vitalis system, over 660 pounds of crude oil was produced. CLC's objective is to provide a consistent supply of distillate and full-spectrum oils with terpenes derived from unique strains of cannabis grown outdoors by sunlight.
Christina Lake Cannabis CEO Joel Dumaresq said the global demand for cannabis extracts such as oils, distillates, isolates, and terpenes is tremendous.
"We believe that with CLC’s fully integrated operations in cultivating, processing, and extracting outdoor-grown cannabis using the Vitalis System which meets GMP standards, we have the resources to capture much of this demand."
CLC also added two extraction specialists to its team - Timothy O'Donnell and Bhavana Rao. O'Donnell was hired as head of extraction and has spent nearly three decades working in oil separation, founding an oilfield services business called Pedros Services.
Rao will take on the role of director of extraction and product development. She spent seven years working in distillation, analytical testing and product development.
Christina Lake Cannabis is up 4.69 per cent to C$0.67 per share at 3:15pm EST.