Business
Canopy Rivers Portfolio Company Awarded Second Licence From Health Canada
Canopy Rivers Portfolio Company Awarded Second Licence From Health Canada.
About this update from James E Wagner Cultivation Corp
[{"type":"text","content":"\n\n\n\nCanopy Rivers Portfolio Company Awarded Second Licence From Health Canada\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nCanopy Rivers Portfolio Company Awarded Second Licence From Health Canada\nPR Newswire\nTORONTO, April 1, 2019\n\n\n\nJWC's Proprietary Production Platform to Launch At Commercial Scale\n TORONTO, April 1, 2019 /PRNewswire/ - Canopy Rivers Inc. (\"Canopy Rivers\" or the \"Company\") (TSXV: RIV) is pleased to share that its portfolio company, James E. Wagner Cultivation Corporation (\"JWC\") (TSXV: JWCA) (OTCQX: JWCAF), has received its cultivation licence from Health Canada for its Kitchener-based commercial scale production facility (\"JWC2\"). This second licence launches the initial phase of JWC2, a 345,000 square foot production and distribution complex where JWC is rolling out more than 130 individual production rooms utilizing JWC's proprietary GrowthSTORM™ Dual Droplet cultivation platform and methodologies. With the newly licenced facility located just minutes from JWC's already licenced pilot facility, JWC is well-positioned for an efficient ramp-up and expects to commence cannabis production at JWC2 immediately.  \n\n\n\"While optimizing production methodologies at their already licenced pilot facility, JWC has concurrently built out and implemented refinements and learnings for production at commercial scale,\" said Daniel Pearlstein, EVP, Strategy, of Canopy Rivers. \"We are pleased to see Health Canada reward JWC for the quality of their operations, and their disciplined approach to expansion with the issuance of this second site licence.\"  \nCanopy Rivers believes that JWC's multigenerational cannabis and hemp experience, its unique and proprietary production methodologies, and its disciplined and de-risked path to scale makes JWC a strong constituent within the Canopy Rivers ecosystem. After making its initial investment in 2017, the Company has continued to support JWC and currently holds approximately 13% of the issued and outstanding common shares in the capital of JWC on...