Business
James E. Wagner Cultivation Corporation Receives Second Pre-Approval for Save on Energy Incentive Program
James E. Wagner Cultivation Corporation Receives Second Pre-Approval for Save on Energy Incentive Program.
About this update from James E Wagner Cultivation Corp
[{"type":"text","content":"\nKITCHENER, Ontario, April 11, 2019 (GLOBE NEWSWIRE) -- James E. Wagner Cultivation Corporation (“JWC” or the “Company”) (TSX VENTURE: JWCA; OTCQX: JWCAF), is pleased to announce on April 10, 2019, it received its second pre-approval for the Save on Energy incentive program (the “Incentive”) for its highly efficient, state-of-the-art, retrofit climate control systems. The received pre-approval extends to include three applications; one for each pod within the Phase 2 development of production rooms at JWC’s second site facility, JWC 2, on Manitou Drive in Kitchener, ON. The Incentive is funded through the Independent Electricity System Operator (“IESO”).\n “JWC is thrilled to receive its pre-approval for all three Save on Energy applications for Phase 2 of JWC 2. This pre-approval is a culmination of months of effort and collaboration, as we continue to produce clean consistent cannabis through the adoption of state-of-the-art technologies. We firmly believe this pre-approval establishes a new benchmark for energy-conscious environmental control in the industry,” said William Werth, Chief Technology Officer of James E. Wagner Cultivation. JWC expects to install a total of six state-of-the-art GRW HVAC units at the JWC 2 facility to accommodate the three pods of the Phase 2 flowering rooms. Each of the pods consist of approximately 12,000 square feet, comprising the Phase 2 stage of the JWC 2 build-out. Recognizing that the cannabis industry is highly energy-intensive, the Company has made it a priority to develop an environmentally conscious and energy efficient production process. The six upcoming GRW HVAC units are in addition to the already installed three units serving the completed Phase 1 production space. JWC also has one unit installed at its pilot facility, JWC 1, located at 855 Trillium Drive in Kitchener. With the implementation of these six new GRW HVAC units in Phase 2, JWC will achieve advanced micro-climate environmental control at a significantly reduced consumption of energy. This achievement will positively impact production yields and reduce the time required to complete a plant growth lifecycle. The Incentive is structured to reimburse up to 50% of JWC’s HVAC infrastructure costs. In order to be eligible for final approval and receipt of...