Business
James E. Wagner Cultivation Corporation Enters Into An Agreement To Supply TerrAscend Corp. With Cannabis Products
James E. Wagner Cultivation Corporation Enters Into An Agreement To Supply TerrAscend Corp. With Cannabis Products.
About this update from James E Wagner Cultivation Corp
[{"type":"text","content":"\nKITCHENER, Ontario, Aug. 15, 2019 (GLOBE NEWSWIRE) -- James E. Wagner Cultivation Corporation (“JWC” or the “Corporation”) (TSX VENTURE: JWCA; OTCQX: JWCAF), is pleased to announce that on August 14, 2019, it entered into a purchase and supply agreement with TerrAscend Corp. (“TerrAscend” or “Purchaser”) (CSE: TER; OTCQX: TRSSF), pursuant to which the Corporation agreed to provide dry cannabis flower and cannabis oils to TerrAscend (the “Agreement”). It is anticipated that the Purchaser will list the product acquired from JWC under the Agreement for sale on its online medical sales platform, the Solace Health online marketplace, once inaugural product inventories have been received.\n With this Agreement, JWC will have access to two of the largest medical store fronts in Canada. This Agreement follows JWC’s successful participation in Canopy Growth Corporation’s CraftGrow program, Canada’s largest medical platform, since November 2018, and is JWC’s second purchase and supply agreement with a licensed producer.  The Corporation expects to further expand its distribution network to additional venues to meet the demand for high-quality cannabis products in Canada and abroad, as laws permit. Currently, the Solace Health online marketplace is home to thousands of registered medical patients across Canada. The platform is an ideal venue for JWC to expand its product portfolio visibility, in what is expected to be a revolving purchase and supply agreement with the Purchaser. Michael Nashat, TerrAscend's Chief Executive Officer, commented: \"By adding JWC products to our medical marketplace, Solace Health, we are expanding the diversity of our product offerings to address growing patient needs. We are excited to work with JWC and to continue to position Solace Health as a leader in providing medical cannabis products to Canadian patients.” \"JWC is proud to have its products featured on the Solace Health platform. This represents another important step in bringing our products to the patients and people of Canada, and an important business evolution as we continue to secure distribution for our increasing production. We look forward to a beneficial collaboration through the Solace Health outlet,\" Nathan Woodworth, President and Ch...