James E. Wagner Cultivation Corporation (“
JWC” or
the “
Corporation”) (TSX VENTURE: JWCA; OTCQX:
JWCAF) is pleased to announce that it has engaged Capital Market
Access, LLC (“
CMA”), a leading capital markets
advisory firm, to provide investor relations services pursuant to
an investor relations agreement entered into between CMA and James
E. Wagner Cultivation Ltd., a wholly-owned subsidiary of JWC, dated
August 19, 2019 (the “
Agreement”).
“Following achievement of a number of major milestones this
year, we believe James E. Wagner Cultivation has arrived at an
important point in its growth and development where our
shareholders would benefit from an experienced team of capital
market professionals to generate greater awareness of the company
in the public markets,” said Nathan Woodworth, co-founder,
president and CEO of James E. Wagner Cultivation. “CMA helps
emerging growth companies like JWC to enhance shareholder value and
leverage the resources of the capital markets by establishing high
quality, long term relationships with key members of the investment
community.”
CMA will work closely with JWC’s management to develop and
execute a comprehensive capital markets strategy. The Corporation
will gain access to CMA’s proprietary network of high net-worth
investors, equity analysts, institutional investors, investment
bankers, media and other valuable market resources. Subject to the
approval of the TSX Venture Exchange, CMA will perform various
investor relations services for JWC, which will include strategic
advisory, investor and media communications, and introductions to
key market players. CMA will also schedule meetings and investor
conferences for the Corporation’s management over the next several
months.
According to CMA managing partner and lead capital market
strategist, Ronald Both: “JWC’s tremendous progress this year,
driven by its exceptional aeroponic technology and strong
management team, has set the stage for introducing the company to
the broader financial community in the U.S. and Canada. We’re
seeing a rapidly expanding number of institutional investors and
analysts looking for disruptive cannabis technologies like JWC’s,
and who will greatly value its unique approach to the market.”
The Agreement has an initial term of six months, and unless
terminated by either party, will thereafter be automatically
renewed for consecutive three-month terms. Pursuant to the
Agreement, JWC will pay CMA a monthly base fee of USD$8,900,
payable in arrears, plus reasonable out-of-pocket expenses. In the
event that CMA makes introductions that result in a
prospectus-exempt private share placement by the Corporation, or
non-paid equity research coverage of the Corporation, CMA will be
entitled to receive bonuses from JWC in the amount of USD$20,000
and the Agreement may be extended for additional six (6) month
terms, up to a total term not exceeding 24 months.
Subject to the policies of the TSX Venture Exchange and the
terms and conditions of the Corporation’s stock option plan, CMA
has been granted options to purchase up to 300,000 common shares of
JWC (the “Options”) as part consideration for its
services under the Agreement. The Options will be exercisable at a
price of $1.15 per share for a term of three years. The Options
will vest quarterly in equal tranches over a one-year period on
each of the three, six, nine and twelve month anniversaries of the
date of the grant.
CMA does not currently own any shares of JWC nor does it have
any other direct or indirect interest in JWC. The fees paid by JWC
to CMA under the Agreement are for services only.
About Capital Market Access, LLC
(CMA)
CMA is a premier international capital markets advisory firm
with broad sector expertise. The firm’s highly experienced team of
advisors connects the senior management of public and private
companies to qualified capital market players in the U.S., Canada
and around the world. CMA’s high-touch approach provides companies
exclusive access to a proprietary network of high net-worth
investors, equity analysts, money managers, institutional
investors, investment bankers, media and other valuable market
resources. Working in partnership, CMA also proactively connects
these capital market players to new emerging growth opportunities.
To learn more, go to www.capitalmarketaccess.com.
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 services to be provided by CMA under the
Agreement and options to purchase common shares of JWC to be
granted to CMA as compensation for investor relations services
provided to JWC. 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.
Trademarks in this press release are the property of their
respective owners.
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.
Company ContactNathan 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.comPhone: (416)
742-5600
Investor Relations ContactRonald Both or
Jonathan LeuchsCMATel (949) 432-7566 jwca@cma.team
James E Wagner Cultivation (TSXV:JWCA)
Historical Stock Chart
From Nov 2024 to Dec 2024
James E Wagner Cultivation (TSXV:JWCA)
Historical Stock Chart
From Dec 2023 to Dec 2024