James E. Wagner Cultivation Launches 2.0 Products
March 04 2020 - 6:00AM
James E. Wagner Cultivation Corporation (“
JWC” or
the “
Corporation”) (TSX: JWCA.V; OTCQX: JWCAF), is
pleased to announce that it will be adding single origin lot kief
and pre-rolls to its medical product shelf later today. This
release marks the launch of JWC’s first cannabis 2.0 products into
the Canadian market.
The kief and the pre-rolls are prepared using single origin lots
of cannabis grown with JWC’s proprietary GrowthSTORM™ aeroponic
cultivation platform. JWC is commencing its launch of these two
product formats into the Canadian market later today via JWC’s
online medical shop, which is accessible through its website
www.jwc.ca.
Pre-Rolls: A single origin product, JWC
cannabis pre-rolls are evenly milled, machine-rolled, and
individually hand-finished in a convenient format.
Kief: A single origin extract product, these
sugar-like crystals are known for their fulsome terpene profile,
potency, and versatility. Carefully made using freshly harvested
cannabis material, this product is recognized as one of the truest
representations of the cannabis strain.
“Kief is a product we’re excited to introduce to Canadian
cannabis consumers, as it’s our first extract product,” says Nathan
Woodworth, President and CEO of JWC. “We prepare our kief on-site
using single origin lots of freshly harvested cannabis material
from one cultivar source. By using this preparation method, we can
ensure the authenticity of the plant is respected, and the truest
representation of the plant is fully present in our product. We’re
not necessarily looking for an ultra-high THC content; we’re
looking for an intensified concentrated aroma and a replicable
experience.”
JWC is also focused on developing additional high-potency and
versatile extract products including live resin and rosin to answer
the diverse needs of Canadian medical patients and adult users. The
Corporation believes these products will be in high demand as
consumers become more educated and look for alternate ways to
consume cannabis. The additional extract products are expected to
launch later this spring, on both the medical and the adult-use
recreational markets.
From cultivation and harvesting to packaging and processing,
JWC’s extract products are produced on-site at its licensed
facility, located at 855 Trillium Drive, in Kitchener, Ontario.
Each of JWC’s cultivars are grown exclusively using the
Corporation’s proprietary GrowthSTORM™ aeroponic technology,
recognized for producing clean, consistent cannabis. JWC is on
track to produce a total of over 35,000 kg of dried cannabis per
year once its JWC2 cultivation facility is fully operational.
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 statements regarding the
launch and supply of JWC’s cannabis 2.0 products to its medical
patients, the launch of additional extract products, including live
resin and rosin, to the recreational market and the expected timing
of such launch, and projections of its annual cannabis production.
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 Contact
Nathan Woodworth, President & CEO of JWC(519) 594-0144 x
421nathan@jwc.ca
Investor RelationsJonathan
LeuchsCMA (949) 432-7758 JWCA@cma.team
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