Christina Lake Cannabis has entered into a lease agreement to acquire new harvesting equipment to address both the expanded cultivation footprint and growing demand for its products.
The lease agreement is for a 36-month period beginning on September 1, 2024 (the "Term"), following the delivery of the equipment to the company. The monthly payment for the lease agreement shall be $13,363.11 per month, plus GST, payable on the 1st of each month, and $4,000 per month plus GST for standby rent for the months of April – August 2024, payable on the 15th of each month. Should the company make all payments on time during the first 18 months of the lease agreement, the company shall have the option to purchase the equipment at any time following month 18 up to the end of the Term (the "Option").
For more information:
Christina Lake Cannabis
www.christinalakecannabis.com