James E. Wagner Cultivation Corporation Announces the First Shipment of Proprietary Equipment to Ascendo Group (PTY) Ltd.
June 05 2019 - 7:18AM
James E. Wagner Cultivation Corporation (“
JWC” or
the “
Corporation”) (TSX VENTURE: JWCA; OTCQX:
JWCAF), is pleased to congratulate Ascendo Group (PTY) Ltd.
(“
Ascendo Group” or the
“
Licensee”) on its progress and announce the first
shipment of JWC’s GrowthSTORM™ Dual Droplet™ System equipment
(“
GrowthSTORM equipment”) to the Licensee’s
proposed cultivation facility, located in South Africa. As
previously announced, JWC entered into a non-binding letter of
intent with the Licensee on April 17, 2019. The Corporation shipped
its GrowthSTORM equipment from its JWC 2 site, located in
Kitchener, Ontario, on May 31, 2019. This shipment represents the
first potential international production footprint for the
Corporation’s proprietary GrowthSTORM™ Dual Droplet™ System. JWC
entered into an additional agreement with Ascendo Group dated May
9, 2019, which protects all of the intellectual property and trade
secrets of JWC that may be obtained from the GrowthSTORM equipment.
About Ascendo Group (PTY) Ltd.
Ascendo Group is a family run business that is
built on a solid foundation, that is forward-looking, dynamic, and
passionate about the fast-growing medical cannabis industry.
Ascendo Group has been committed to quality products, brands, and
services for the past 30 years; from textile to LED lighting
technology and now its newest venture in medical cannabis
cultivation. Ascendo Group aspires to create and deliver quality
products and services that meet the evolving needs in the global
medical cannabis market.
About JWC’s GrowthSTORM™ Dual Droplet™
System
JWC’s GrowthSTORM™ System offers several
significant advantages over other cultivation techniques, including
its new advancement, the GrowthSTORM™ Dual Droplet System
(“DDS”). The aeroponic GrowthSTORM™ DDS is
designed to achieve a higher availability of air and water at the
root zone, and a more controlled delivery of nutrients, to result
in significant improvements in plant health in all measurable
categories, as well as a higher volume of production by each plant.
Additionally, this proprietary system is designed to eliminate all
contaminants from the cultivation facility, allowing for maximum
control of the growth environment to provide clean and consistent
cannabis from every plant lifecycle.
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 benefits in production resulting from the
use of the GrowthSTORM™ Dual Droplet System and the use of
GrowthSTORM equipment for production on an international basis. 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 Filing Statement 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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