Christina Lake Cannabis signs LOI for take-private deal valued at $15 million

• A private Alberta buyer signed a non-binding LOI to acquire all Christina Lake Cannabis shares in a transaction valued at CAD 15 million.
• Cash payable to shareholders would equal the CAD 15 million value minus outstanding debt, including convertible debentures, and transaction expenses.
• The proposal is structured on a cash-free, debt-free basis with economic effect as of Oct. 30, 2026.
• Options, warrants, and other equity-linked awards would be cancelled for no consideration; convertible debentures would be treated as debt and repaid.
• Exclusivity runs 120 days from Aug. 20, 2026; a definitive deal could include a CAD 450,000 termination fee in certain cases.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Christina Lake Cannabis Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608210700PRIMZONEFULLFEED9813984) on August 21, 2026, and is solely responsible for the information contained therein.