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.
Hey Ontario, it’s official! We said yes to the OCS. This is the start of a budding new supplier relationship. We’ll let you know when our products drop in the shop. Check out our press release for more details: https://t.co/VSKWUcBR1T pic.twitter.com/JxAoRGPSEl
— JWC (@JWC_cannabis) February 19, 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.
Top image by Skalle-Per Hedenhös via Wikimedia Commons