KITCHENER, Ontario, Aug. 15, 2019 (GLOBE NEWSWIRE) — James E. Wagner Cultivation Company (“JWC” or the “Company”) (TSX VENTURE: JWCA; OTCQX: JWCAF), is happy to announce that on August 14, 2019, it entered into a purchase order and provide settlement with TerrAscend Corp. (“TerrAscend” or “Purchaser”) (CSE: TER; OTCQX: TRSSF), pursuant to which the Company agreed to supply dry cannabis flower and cannabis oils to TerrAscend (the “Settlement”). It’s anticipated that the Purchaser will listing the product acquired from JWC beneath the Settlement on the market on its on-line medical gross sales platform, the Solace Well being on-line market, as soon as inaugural product inventories have been acquired.
With this Settlement, JWC could have entry to 2 of the biggest medical retailer fronts in Canada. This Settlement follows JWC’s profitable participation in Cover Development Company’s CraftGrow program, Canada’s largest medical platform, since November 2018, and is JWC’s second buy and provide settlement with a licensed producer. The Company expects to additional increase its distribution community to extra venues to satisfy the demand for high-quality cannabis merchandise in Canada and overseas, as legal guidelines allow.
At the moment, the Solace Well being on-line market is dwelling to 1000’s of registered medical sufferers throughout Canada. The platform is a perfect venue for JWC to increase its product portfolio visibility, in what is predicted to be a revolving buy and provide settlement with the Purchaser.
Michael Nashat, TerrAscend’s Chief Government Officer, commented: “By including JWC merchandise to our medical market, Solace Well being, we’re increasing the range of our product choices to handle rising affected person wants. We’re excited to work with JWC and to proceed to place Solace Well being as a pacesetter in offering medical cannabis merchandise to Canadian sufferers.”
“JWC is proud to have its merchandise featured on the Solace Well being platform. This represents one other necessary step in bringing our merchandise to the sufferers and other people of Canada, and an necessary enterprise evolution as we proceed to safe distribution for our growing manufacturing. We sit up for a helpful collaboration by means of the Solace Well being outlet,” Nathan Woodworth, President and Chief Government Officer of the Company, mentioned.
Further data on JWC’s dedication to delivering revolutionary and medical-grade cannabis merchandise could be discovered at www.jwc.ca
About James E. Wagner Cultivation Company
JWC’s wholly-owned subsidiary is a Licensed Producer beneath the Hashish Rules, previously the Entry to Hashish for Medical Functions Rules (“ACMPR”). JWC is a premium cannabis model, specializing in producing clear, constant cannabis. JWC makes use of a sophisticated and proprietary Twin Droplet™ aeroponic platform named GrowthSTORM™. JWC was based as a household firm and relies on household values. JWC started as a collective of sufferers and growers beneath the Marihuana Medical Entry Rules (the precursor to ACMPR). Since its inception, JWC has remained targeted on offering the very best affected person expertise. JWC’s operations are primarily based in Kitchener, Ontario. Study extra at www.jwc.ca.
TerrAscend gives high quality merchandise, manufacturers, and companies to the worldwide cannabinoid market. As the primary North American Operator (NAO), with scale operations in each Canada and the US, the Firm participates within the medical and authorized grownup use market throughout Canada and in a number of US states the place cannabis has been legalized for therapeutic or grownup use. Moreover, TerrAscend will quickly be the primary and solely cannabis firm with gross sales within the US, Canada, and Europe because it has acquired EU GMP certification for its manufacturing facility in Mississauga, Ontario. TerrAscend operates quite a lot of synergistic companies, together with Solace Well being, a web-based medical market.
For added details about JWC, please seek advice from JWC’s profile on SEDAR (www.sedar.com) or the Company’s web site: www.jwc.ca.
Discover concerning forward-looking statements:
This press launch incorporates statements together with forward-looking data for functions of relevant securities legal guidelines (“forward-looking statements”) about JWC and its enterprise and operations which embody, amongst different issues, statements concerning the present and future anticipated sale of merchandise by JWC, upkeep of an ongoing provide relationship with TerrAscend and with Cover Development Company, anticipated persevering with enlargement of JWC’s distribution networks, persevering with enlargement of manufacturing by JWC and persevering with development of JWC’s product strains. The forward-looking statements could be recognized by way of such phrases as “will”, “anticipated”, “roughly”, “could”, “may”, “would” or comparable phrases and phrases. Ahead-looking statements contain recognized and unknown dangers, uncertainties and different elements which can trigger the precise outcomes to vary materially from these implied within the forward-looking statements. For instance, dangers embody dangers concerning the cannabis trade, financial elements, the fairness markets usually, constructing allow associated dangers and dangers related to development and competitors in addition to the dangers recognized within the Company’s Annual Info Type dated April 3, 2019, obtainable beneath the Company’s profile at www.sedar.com. Though JWC has tried to establish necessary elements that would trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking statements, there could also be different elements that trigger actions, occasions or outcomes to vary from these anticipated, estimated or meant. Readers are cautioned to not place undue reliance on these forward-looking statements, which converse solely as of the date of this press launch and are primarily based on present assumptions which administration believes to be affordable. The Company disclaims any intention or obligation, besides to the extent required by legislation, to replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case.
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.
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