James E. Wagner Cultivation Corporation Receives Cultivation Licence and Commences Cultivation Activity at JWC 2
KITCHENER, Ontario, April 01, 2019 (GLOBE NEWSWIRE) -- James E. Wagner Cultivation Corporation (“JWC” or the “Corporation”) (TSX VENTURE: JWCA; OTCQX: JWCAF), is pleased to announce that it has commenced cultivation activities at its second facility located at 530 Manitou Drive in Kitchener, Ontario (“JWC2”). As previously announced, the Corporation received its cultivation licence (the “Licence”) in respect of JWC 2 from Health Canada on March 29, 2019.
With the addition of the JWC 2 facility to the GrowthSTORM™ Dual Droplet System production footprint, JWC is now one of the largest aeroponic growers in the world. I am proud of the efforts of our entire organization; and I am proud to say that within only 24 hours of receiving the Licence, 50% of our flowering rooms were full and active, and thousands of plants have populated the facility
said Nathan Woodworth, President & Chief Executive Officer of James E. Wagner Cultivation.
The Licence is issued in respect of Phase 1 of the construction of JWC 2. At full-scale, JWC2 measures 345,000 sq. ft. and is expected to be fully equipped with the Corporation’s GrowthSTORM™ Dual Droplet System. The proprietary GrowthSTORM™ Dual Droplet System is a cultivation system that uses two separate nutrient solutions, delivered through two distinct channels, all housed within a single enclosure.
Immediately upon receipt of the Licence, the team at JWC began a variety of cultivation and production activities at JWC 2. Four of the eight flowering rooms and vegetative space in Phase 1 of JWC2 are now in full production with a variety of strains of cannabis plants transferred from the Corporation’s pilot facility, JWC1. The Corporation expects that over time, forty-three (43) new strains of cannabis will be introduced for production at JWC2.
The team at JWC is eager to provide an extensive collection of clean, consistent, aeroponically-grown cannabis strains and products to both the medical and recreational markets, in addition to the products it currently offers.
JWC’s wholly-owned subsidiary is a Licenced 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.
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 production of cannabis at JWC’s second facility, increased production capacity of the Corporation, introduction of new strains of cannabis by the Corporation, and participation of the Corporation in the recreational cannabis 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 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.