James E. Wagner Cultivation Receives First Purchase Order From the Ontario Cannabis Retail Corporation
12 March 2020 - 10:00PM
James E. Wagner Cultivation Corporation (“
JWC” or
the “
Corporation”) (TSX: JWCA.V; OTCQX: JWCAF) is
pleased to announce that it has received its first purchase order
from the Ontario Cannabis Retail Corporation, operating as the
Ontario Cannabis Store (“
OCS”). This agreement
marks the launch of JWC’s products for sale in the Ontario
recreational market via the OCS online store, the province’s
cannabis retail platform.
The initial purchase order, for JWC Kief products, will be
fulfilled early next week. The products will be made available to
the nearly 30 private retail stores across Ontario and consumers
for purchase thereafter.
A New Product in JWC’s Collection Kief is made
from single origin lots of freshly harvested cannabis material from
JWC’s aeroponically grown cultivars. Known as one of the truest
representations of the cannabis strain, this extract product,
with its unique crystalline texture, is
a versatile celebration of flavour, aroma, and
cannabinoids in a concentrated format. JWC Kief will be available
via the OCS in 1.0 and 2.0 gram formats in the following
cultivars:
- OG Kush GE Kief: A mellow
blend with a prominently spicy flavour featuring earthy, piney
undertones, and a hoppy aroma.
- King Tut GE Kief: King Tut GE boasts a classic
earthy flavour with piney accents. The aroma is predominantly spicy
as a result of the high Caryophyllene content.
“Our Kief product is unlike anything available in the current
market,” says Nathan Woodworth, JWC President and CEO. “We’ve
developed a live extraction process that creates a truly unique
product. The aroma is rich and vibrant, showcasing the terpene
profile of the plant. We expect these products to be in high demand
in the recreational market – they really showcase the quality of
our product. It’s a new valuable source of revenue for JWC, and
we’re looking forward to seeing the market response.”
Note to Purchase Dried FlowerThe OCS has also
provided JWC with a Note to Purchase aeroponically grown cannabis
dried flower from the following cultivar:
- Dark Helmet GE Dried Flower: Dark Helmet GE
features aromatic dense round buds that strike the sharpness of
fresh citrus on the nose, with a sweet key-lime finish. The buds
are a deep green, peppered with purple hues, and boast a thick
coating of trichomes.JWC is in the process of providing
documentation to the OCS to complete the listing process in
accordance with the Note to Purchase, with the goal of securing a
purchase order for the Dark Helmet GE Dried Flower.
From cultivation and harvesting to packaging and processing, JWC
Kief is produced on-site at the Company’s licensed facility,
located at 855 Trillium Drive, in Kitchener, Ontario. Each of JWC’s
cultivars are grown exclusively using its GrowthSTORM™ aeroponic
technology, recognized for producing clean, consistent
cannabis.
About James E. Wagner Cultivation
CorporationJames E. Wagner Cultivation Corporation’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 using an advanced and proprietary aeroponic platform named
GrowthSTORM™. 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 is a family-founded
company with deep roots planted in the local community. 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 StatementsThis press release contains
statements including forward-looking information and statements for
purposes of applicable securities laws (“forward-looking
statements”) about JWC and its business and operations,
which include, among other things, statements regarding the
anticipated shipment of product and the sale of product in the
recreational market. 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.
JWC Company ContactNathan Woodworth, President
& CEO of JWC(519) 594-0144 x 421nathan@jwc.ca
Investor RelationsJonathan
LeuchsCMA (949) 432-7758JWCA@cma.team
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