James E. Wagner Cultivation Corporation Announces Health Canada Approval for the Sale of Cannabis Oils
08 July 2019 - 9:00PM
James E. Wagner Cultivation Corporation (“
JWC” or
the “
Corporation”) (TSX VENTURE: JWCA; OTCQX:
JWCAF), is pleased to announce that on July 5, 2019, it received
approval of a licence amendment from Health Canada, allowing for
the sale of formulated cannabis oil from the Corporation’s pilot
facility, JWC 1, located at 855 Trillium Drive in Kitchener, ON.
JWC intends to commence the sale of formulated cannabis oil to its
medical patients on July 9, 2019.
“Formulated oil is an important market sector,
both for its medical importance to a wide variety of patients, but
also for its impact on the business practices of a Licensed
Producer. With the addition of our oil sales licence, JWC is fully
licensed and able to participate in all aspects of the cannabis
industry,” said the Corporation’s President and Chief Executive
Officer, Nathan Woodworth, in response to the Corporation’s receipt
of Health Canada’s approval to sell formulated cannabis oil.
JWC is thrilled to expand its product offerings
to include formulated cannabis oil, which will be available in
multiple sizes, including 25 ml and 50 ml bottles of JWC’s THC and
Balanced THC:CBD oils. The Corporation’s high CBD oil is available
in a 25 ml bottle, containing a total of 2500mg of CBD.
JWC is eager and excited to provide patients
with affordable and accessible medical cannabis oils, in addition
to the variety of dried cannabis products already available, which
are grown using its proprietary GrowthSTORM™ Dual Droplet™
System.
Sales of cannabis oil will commence on July 9,
2019 at 9:00 am, EST, at which time current or newly registered JWC
medical enrollees become eligible to purchase the Corporation’s
select oil varieties. To inquire about becoming a JWC medical
patient, please visit www.jwc.ca/register.
JWC – Clean, consistent,
aeroponic.
About James E. Wagner Cultivation
Corporation
JWC’s wholly-owned subsidiary is a Licensed
Producer under the Cannabis Regulations, formerly the Access to
Cannabis for Medical Purposes Regulations
(“ACMPR”). JWC is a premium cannabis brand,
focusing on producing clean, consistent cannabis. JWC uses an
advanced and proprietary Dual Droplet™ aeroponic platform named
GrowthSTORM™. JWC was founded as a family company and is based on
family values. JWC began as a collective of patients and growers
under the Marihuana Medical Access Regulations (the precursor to
ACMPR). Since its inception, JWC has remained focused on providing
the best possible patient experience. JWC’s operations are based in
Kitchener, Ontario. Learn more at www.jwc.ca.
For additional information about JWC,
please refer to JWC’s profile on SEDAR (www.sedar.com) or the
Corporation’s website: www.jwc.ca
Notice regarding forward-looking
statements:
This press release contains statements including
forward-looking information for purposes of applicable securities
laws (“forward-looking statements”) about JWC and
its business and operations which include, among other things,
statements regarding the assortment of products available from the
Corporation, including formulated cannabis oil, the sale of these
products to medical patients and the future sale to recreational
customers throughout Canada. The forward-looking statements can be
identified by the use of such words as “will”, “expected”,
“approximately”, “may”, “could”, “would” or similar words and
phrases. Forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results to differ materially from those implied in the
forward-looking statements. For example, risks include risks
regarding the cannabis industry, economic factors, the equity
markets generally, building permit related risks and risks
associated with growth and competition as well as the risks
identified in the Corporation’s Annual Information Form dated April
3, 2019, available under the Corporation’s profile at
www.sedar.com. Although JWC has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results to differ from those anticipated, estimated or intended.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release and are based on current assumptions which management
believes to be reasonable. The Corporation disclaims any intention
or obligation, except to the extent required by law, to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For more information about this release, please
contact
Nathan Woodworth, President & CEO of JWC
Email: nathan@jwc.ca Phone: (519) 594-0144 x421
OR
George Aizpurua, Vice President of First
Canadian Capital Corp. Email:
gaizpurua@firstcanadiancapital.com Phone:
(416) 742-5600
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