Vancouver, British Columbia – December 4, 2024 – TheNewswire - Pursuant to the early warning requirements of applicable Canadian securities laws, Gil Playford reports that on November 29, 2024 the Playford Family Limited Partnership (the "LP"), of which Mr. Playford is a trustee, acquired ownership and direction or control over 15,151,151 common shares ("Common Shares") of Christina Lake Cannabis Corp. (the "Company"), at a deemed price of $0.033 per Common Share, in connection with a private placement offering by the Company (the "Offering").

Immediately prior to the closing of the Offering, Mr. Playford, had ownership and direction or control over 9,875,303 Common Shares which represented 7.53% of the 131,122,173, then outstanding Common Shares of the Company on a non-diluted basis. Mr. Playford also had ownership and direction or control over 450,000 restricted stock units which if converted would entitle the holder to acquire up to an additional 450,000 Common Shares, or 0.20% of the Common Shares on a partially diluted basis. As a result of the Offering, Mr. Playford, through the LP, has acquired ownership and direction or control over 15,151,151 Common Shares representing 8.07% of the 187,785,808 outstanding Common Shares of the Company on a non-diluted basis. Additionally, if Mr. Playford and his affiliates were to exercise all of the outstanding debentures and options, he would own an aggregate of 13.53% of the Common Shares of the Company, on a partially diluted basis.

Mr. Playford, together with the LP, acquired the Common Shares in connection with the Offering and were acquired for investment purposes. Mr. Playford has a long-term view of the investment and does not intend at this time to acquire in the market any additional common shares of Company, or dispose of any of the Common Shares or shares acquired on exercise of any of the outstanding convertible securities, but may in the future increase or decrease his shareholding in Company depending on market conditions, whether in the open market, by privately negotiated agreement or otherwise.

Mr. Playford's address is located at 5200 St. Andrews Isle Drive, Vero Beach, FL 32967. The Company's head office is located at 1890 – 1075 West Georgia Street, Vancouver, BC, V6E 3C9. A copy of the early warning report to which this news release relates can be obtained from Mr. Playford at 604-787-9599 or via email playfordfamily.ray@gmail.com. or on the Company’s SEDAR+ profile at www.sedarplus.ca.