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James E. Wagner Cultivation Corporation Announces the First Shipment of Proprietary Equipment to Ascendo Group (PTY) Ltd.
James E. Wagner Cultivation Corporation Announces the First Shipment of Proprietary Equipment to Ascendo Group (PTY) Ltd..
About this update from James E Wagner Cultivation Corp
[{"type":"text","content":"\nKITCHENER, Ontario, June 05, 2019 (GLOBE NEWSWIRE) -- James E. Wagner Cultivation Corporation (“JWC” or the “Corporation”) (TSX VENTURE: JWCA; OTCQX: JWCAF), is pleased to congratulate Ascendo Group (PTY) Ltd. (“Ascendo Group” or the “Licensee”) on its progress and announce the first shipment of JWC’s GrowthSTORM™ Dual Droplet™ System equipment (“GrowthSTORM equipment”) to the Licensee’s proposed cultivation facility, located in South Africa. As previously announced, JWC entered into a non-binding letter of intent with the Licensee on April 17, 2019. The Corporation shipped its GrowthSTORM equipment from its JWC 2 site, located in Kitchener, Ontario, on May 31, 2019. This shipment represents the first potential international production footprint for the Corporation’s proprietary GrowthSTORM™ Dual Droplet™ System. JWC entered into an additional agreement with Ascendo Group dated May 9, 2019, which protects all of the intellectual property and trade secrets of JWC that may be obtained from the GrowthSTORM equipment.\n About Ascendo Group (PTY) Ltd. Ascendo Group is a family run business that is built on a solid foundation, that is forward-looking, dynamic, and passionate about the fast-growing medical cannabis industry. Ascendo Group has been committed to quality products, brands, and services for the past 30 years; from textile to LED lighting technology and now its newest venture in medical cannabis cultivation. Ascendo Group aspires to create and deliver quality products and services that meet the evolving needs in the global medical cannabis market. About JWC’s GrowthSTORM™ Dual Droplet™ System JWC’s GrowthSTORM™ System offers several significant advantages over other cultivation techniques, including its new advancement, the GrowthSTORM™ Dual Droplet System (“DDS”). The aeroponic GrowthSTORM™ DDS is designed to achieve a higher availability of air and water at the root zone, and a more controlled delivery of nutrients, to result in significant improvements in plant health in all measurable categories, as well as a higher volume of production by each plant. Additionally, this proprietary system is designed to eliminate all contaminants from the cultivation facility, allow...