Christina Lake Cannabis (Christina Lake Cannabis) Long-Term Capital Lease Obligation : $0.00 Mil (As of Nov. 2023)

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What is Christina Lake Cannabis Long-Term Capital Lease Obligation?

Christina Lake Cannabis's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil.

Christina Lake Cannabis Long-Term Capital Lease Obligation Historical Data

The historical data trend for Christina Lake Cannabis's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Christina Lake Cannabis Long-Term Capital Lease Obligation Chart

Christina Lake Cannabis Annual Data

Trend

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Nov23

Long-Term Capital Lease Obligation

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Christina Lake Cannabis Quarterly Data
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Christina Lake Cannabis (OTCPK:CLCFF) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Christina Lake Cannabis (Christina Lake Cannabis) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Christina Lake Cannabis Corp (OTCPK:CLCFF) » Definitions » Long-Term Capital Lease Obligation

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CLB:Germany CLC:Canada

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.christinalakecannabis.com

Christina Lake Cannabis Corp is a licensed producer of cannabis. The company cultivates cannabis using strains specifically developed for outdoor cultivation. It is a producer of high-quality, low-cost, sun-grown cannabis flower, oil cannabinoids and hemp-based extracts and derivatives, serving domestic and international markets.