James E. Wagner Cultivation Announces a Rating of Compliant After Health Canada Inspections
December 23 2019 - 6:00AM
James E. Wagner Cultivation Corporation (“
JWC” or
the “
Corporation”) (TSX VENTURE: JWCA; OTCQX:
JWCAF), receives a “Compliant” rating from Health Canada for both
production sites located at 855 Trillium Drive, Kitchener and 530
Manitou Drive, Kitchener.
Establishing effective Standard Operating Procedures and
monitoring compliance activities are key elements of JWC’s
commitment to operational excellence. On-site inspections were
conducted by Health Canada in late October and early November of
2019 at both the Manitou and Trillium Drive locations.
In receiving a rating of “Compliant” from Health Canada, clients
can be assured that JWC is observing and upholding rules and
regulations to meet the operational requirements established by
Health Canada. The Corporation is also delivering on the required
best production practices to safeguard client health.
These requirements, established by the Cannabis Act and its
Regulations, define the framework for legal access to cannabis and
a framework for controls and regulations of production, processing,
distribution and sale of cannabis.
“Our Compliance Team is dedicated to understanding the law and
our Corporate obligations with respect to all regulated
activities,” commented Nathan Woodworth, JWC President and CEO.
“It’s one of the most important aspects of our business. By having
accurate measures and detailed processes in place, we have the
ability to not only monitor and achieve operational excellence, we
can be assured that we are in compliance with the Cannabis Act and
its Regulations.”
JWC places a high priority on operating first-rate production
facilities and, as part of the corporate culture, is relentlessly
focused on establishing standards and procedures which allow it to
retain a status of being compliant with Health Canada
requirements.
Having established its rating of being compliant, JWC is better
able to focus on maintaining and enhancing its production
operations with a continuing over-arching goal of profitability.
This rating from Health Canada ensures that we stay firmly on track
in achieving our goals.
About James E. Wagner Cultivation
Corporation
James 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.
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 ability to retain a rating of compliance
with its production methods, and implementation of enhancements to
its operations on a consistently high standard of compliance. The
forward-looking information contained in this news release are
based on the Corporation’s current internal expectations,
estimates, projections, assumptions, and beliefs and views of
future events which management believes to be reasonable in the
circumstances, including expectations and assumptions regarding:
general economic conditions, the expected timing and cost of
expanding the Corporation’s production capacity, the internal
opportunities, the development of new products and product formats,
the Corporation’s ability to retain key personnel, the
Corporation’s ability to continue investing in its infrastructure
to support growth, the impact of competition, trends in the
Canadian cannabis industry and changes in laws, rules, and events,
performance or results, and will not necessarily be accurate
indications as to whether, or the times at which, such events,
performance or results will occur or be achieved. The
forward-looking statements can be identified by the use of such
words as “anticipated”, “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, funding and grant related
risks and risks associated with growth and competition as well as
the risks identified in the Corporation’s filings with the Canadian
securities regulators, which filings are available 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.Company ContactNathan Woodworth, President
& CEO of JWC(519) 594-0144 x 421nathan@jwc.ca
Investor RelationsJonathan LeuchsCMA(949)
432-7758 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