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Saturday, May 28, 2022
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

The weed wire

James E. Wagner Cultivation Corp. products will sell on OCS

The company signed a supply agreement with the provincial retailer effective Feb. 6

James E. Wagner Cultivation Corp. products will sell on OCS

Weed from the James E. Wagner Cultivation Corporation (TSX: JWCA.V and OTCQX: JWCAF) will soon be available to Ontario Cannabis Store shoppers.

The company announced Wednesday that it had entered into a supply agreement with the Ontario Cannabis Retail Corporation effective Feb. 6, 2020.

James E. Wagner’s market valuation didn’t shift following the news. Its stock remains at around $0.20 a share.

The agreement provides a framework for JWC to sell its cannabis at the province’s retail outlets and on the OCS website.

“In signing an agreement with the OCS, we are able to realize our goal of joining one of the largest recreational cannabis markets in the industry,” CEO Nathan Woodworth said in a press release. “Our products have a reputation for consistency and flavour. We will be introducing new products in different formats to service a wide range of lifestyles.”

Last November, JWC stated it is also working with a brokerage and services company to sell its products in Saskatchewan and Newfoundland

JWC started as a collection of patients and growers under Canada’s previous medical cannabis legislation, and says on its website it has “remained focused on providing the best possible patient experience.”

The company also details the benefits of its proprietary aeroponic growing technology.

Read more: Company that grows salmon to grow cannabis to grow salmon gets organic certification

Top image by Skalle-Per Hedenhös via Wikimedia Commons

 

nick@mugglehead.com

@nick_laba

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