Business
Canopy Rivers' thriving ecosystem demonstrated by purchase and supply agreement between portfolio companies
Canopy Rivers' thriving ecosystem demonstrated by purchase and supply agreement between portfolio companies.
About this update from James E Wagner Cultivation Corp
[{"type":"text","content":"\n\n\n\nCanopy Rivers' thriving ecosystem demonstrated by purchase and supply agreement between portfolio companies\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' thriving ecosystem demonstrated by purchase and supply agreement between portfolio companies\nPR Newswire\nTORONTO, Aug.15, 2019\n\n\n\nJWC AND TERRASCEND SIGN MUTUALLY BENEFICIAL PURCHASE AND SUPPLY CONTRACT \n TORONTO, Aug.15, 2019 /PRNewswire/ - Canopy Rivers Inc. (\"Canopy Rivers\" or the \"Company\") (TSXV: RIV) (OTC: CNPOF) is pleased to share that its portfolio companies, James E. Wagner Cultivation Corporation (\"JWC\") (TSXV: JWCA) (OTCQX: JWCAF) and TerrAscend Corp. (\"TerrAscend\") (CSE: TER) (OTCQX: TRSSF), have entered into a purchase and supply agreement, demonstrating the type of collaboration and synergy seen throughout the Canopy Rivers ecosystem. As part of the agreement, JWC will supply cannabis flower and oils to TerrAscend, which will be made available for purchase on TerrAscend's online medical sales platform, Solace Health, providing JWC with exposure to thousands of registered medical patients across Canada. \n\n\nThis partnership was developed in collaboration with the Canopy Rivers Impact Team, a group specifically focused on helping portfolio companies work with each other and leverage their competitive advantages and specialized skillsets, in turn enabling them to specialize in what they do best. For JWC, it is a focus on aeroponic cultivation, leading to a clean, consistent, high-quality product for the end consumer.  For TerrAscend, it is its function as a pharma-focused processing, retail, and distribution operator, and its status as the only company selling cannabis in Canada, the U.S., and Europe. \n \"The collaboration between JWC and TerrAscend is evidence of the Canopy Rivers ecosystem at work,\" said Olivier Dufourmantelle, Chief Operating Officer of Canopy Rivers. \"Portfolio companies that work together, thrive together. We are constantly striving to broker opportunities for synergy and collabor...