Mr. Jay McMillan reports

CHRISTINA LAKE CANNABIS APPOINTS CO-FOUNDER NICCO DEHAAN AS CHIEF EXECUTIVE OFFICER

Christina Lake Cannabis Corp.'s board of directors has appointed Nicco Dehaan, the company's co-founder and chief operating officer, as chief executive officer, effective Nov. 13, 2026. Mr. Dehaan succeeds Mark Aiken, who is moving on to pursue other opportunities.

The appointment follows the board's decision, announced Nov. 10, 2026, that Christina Lake will remain independent and pursue its stand-alone plan: a sharper focus on the cultivation and sale of cannabis flower, lower costs, increased cultivation capacity, and continued debt repayment. With that plan centred on Christina Lake's farms, the board believes the company is best led by the executive who built and runs them.

Mr. Dehaan co-founded Christina Lake and has served as a director since 2019. As chief operating officer and master grower, he has overseen cultivation, processing and production across the company's Christina Lake and Midway properties, and has worked closely on sales and product strategy. He will continue to serve as chief operating officer and as a director.

"Having chosen to remain independent, our priority now is execution -- getting the most out of the land, facilities and people we already have," said Jay McMillan, chairman of the board. "Nicco knows this business from the ground up. He helped build it, and he led the operations behind our strong harvest this year. He is the right person to take CLC into its next phase. On behalf of the board, I thank Mark for his leadership over the past four years and wish him every success."

"I'm proud to lead the company I helped found," said Mr. Dehaan. "We have excellent land, proven infrastructure and a team that delivered a strong harvest this year. My priorities are clear: grow more high-quality flower from the assets we already own, keep costs down, continue paying down debt and build value for our shareholders. I look forward to working with our team and the board to get it done."

About Christina Lake Cannabis Corp.

Christina Lake is a licensed producer of cannabis under the Cannabis Act (Canada) with a standard cultivation licence and corresponding processing amendment from Health Canada, as well as a research and development licence. Christina Lake's facilities consist of a 32-acre property, which includes over 950,000 square feet of outdoor grow space, offices, propagation and drying rooms, research facilities, and a facility dedicated to processing and extraction, and a 342-acre property in Midway, B.C., which includes approximately 100 acres of licensed outdoor grow space, greenhouses and a dry room. Christina Lake focuses on the cultivation and sale of high-quality outdoor cannabis flower to its business-to-business client base.

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