James E. Wagner Cultivation Positioned to be the First to Launch Kief Products into PEI
March 16 2020 - 7:00AM
James E. Wagner Cultivation Corporation (“
JWC” or
the “
Corporation”) (TSX: JWCA.V; OTCQX: JWCAF) is
pleased to announce that it is positioned to be the first Licensed
Producer to sell Kief in the province of Prince Edward Island
(“
PEI”). JWC received its first purchase order
from the PEI Cannabis Management Corporation, operating under the
branded name PEI Cannabis, for two of the Corporation’s Kief
products. This agreement marks the launch of JWC’s products for
sale in the PEI adult-use cannabis market via the PEI Cannabis
online store, the province’s cannabis retail platform.
JWC is prepared to fulfill this initial purchase
order early next week. PEI Cannabis is prepared to have the product
available via their online store and to the four provincial
locations within the following two weeks.
Broadening their market reachIn
receiving this purchase order from PEI Cannabis, the Corporation
takes another key step forward in meeting its goal to expand its
market reach nationally. As announced in its press release dated
November 20, 2019, JWC is also working with Kindred Partners Inc.
(“Kindred”) to offer products for sale in
Saskatchewan and Newfoundland and Labrador. Kindred is a specialty
brokerage and services company for cannabis products.
A versatile extract productJWC
Kief is a live extract made using freshly harvested cannabis
material from one cultivar. This ensures that each Kief product is
representative of the specific cultivar’s unique terpene and
cannabinoid profile, and that the finished product is an authentic
representation of that cultivar. Noted for its versatility, kief
can be used as an adjunct ingredient in the preparation of cannabis
for smoking/vaporization or decarbed for ingestion.
JWC Kief will be available via PEI Cannabis in
1.0 and 2.0 gram formats in the following cultivars:
- Critical Mass Kush GE Kief: A
balanced 2:1 CBD:THC strain, it offers a unique, slightly sour and
earthy aroma with dominant notes of peppery pine.
- Hash Plant GE Kief: A THC dominant strain, it
delivers a sharp, woody fragrance with a hint of sweetness.
“Our Kief product showcases the benefits of our
aeroponic cultivation techniques,” says Nathan Woodworth, JWC
President and CEO. “JWC products are known for the consistency in
their terpene profiles, and we attribute this success to our
proprietary GrowthSTORMTM system. By using a live extraction
process to create our Kief, we’re able to capture the unique
characteristics and features of our cultivars. The crystalline
texture is tacky to the touch, indicative of the moisture content
and rich resins captured from the trichomes. PEI is a new market
for us, and this product is a great representation of our
Corporation’s high standards.”
On-site productionFrom
cultivation and harvesting to packaging and processing, JWC Kief is
produced on-site at the Corporation’s licensed facility, located at
855 Trillium Drive, in Kitchener, Ontario. Each of JWC’s cultivars
are grown exclusively using its GrowthSTORM™ aeroponic technology,
recognized for producing clean, consistent cannabis.
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. 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 StatementsThis press release contains
statements including forward-looking information and statements for
purposes of applicable securities laws (“forward-looking
statements”) about JWC and its business and operations,
which include, among other things, statements regarding the
anticipated shipment of product, the sale of product in the
recreational market, and entering the recreational markets in PEI,
Saskatchewan and Newfoundland and Labrador. 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.
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.
JWC Company ContactNathan
Woodworth, President & CEO of JWC(519) 594-0144 x
421nathan@jwc.ca
Investor RelationsJonathan
LeuchsCMA(949) 432-7758JWCA@cma.team
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