James E. Wagner Cultivation Launches 2.0 Products
KITCHENER, Ontario, March 04, 2020 (GLOBE NEWSWIRE) — 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 CorporationJames 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 StatementsThis 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.Nathan Woodworth, President & CEO of JWC
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