Business
James E. Wagner Cultivation Corporation Reports Inaugural Harvest at G2 Pod and Record Harvest in September
James E. Wagner Cultivation Corporation Reports Inaugural Harvest at G2 Pod and Record Harvest in September.
About this update from James E Wagner Cultivation Corp
[{"type":"text","content":"\n KITCHENER, Ontario, Oct. 09, 2019 (GLOBE NEWSWIRE) -- James E. Wagner Cultivation Corporation (“JWC” or the “Corporation”) (TSX VENTURE: JWCA; OTCQX: JWCAF), is pleased to announce that is has completed its inaugural harvest in flowering room G2 of its flagship facility located at 530 Manitou Drive in Kitchener, Ontario (“JWC2”). Flowering room G2 is one of two rooms in what JWC has designated as “G Pod”, each of which rooms consists of approximately 5,500 square feet of flowering space. The Corporation had previously received a licence amendment from Health Canada on July 2, 2019, allowing it to cultivate cannabis in these rooms. In the last week of the Corporation’s fiscal fourth quarter ending September 30, 2019, cannabis was harvested from the approximately 5,500 square feet of space in flowering room G2. The room was promptly refilled within three days of the harvest, with cannabis plants ready to commence flowering.  The room is now operating on a regular production schedule and is capable of producing six or more crop cycles per year, depending on the combination of strains being harvested from that room. Over the course of September, JWC harvested approximately 13,500 square feet of flowering space. It is anticipated that the harvests that occurred during September will collectively yield in excess of 300 kg of cannabis, being the most ever harvested by JWC in a calendar month.   “September’s harvest was a tremendous achievement by our grow teams which have done an amazing job bringing G2 up to full production over a short period of time…” commented JWC president and CEO, Nathan Woodworth. “Given our growing reputation for producing clean and consistent cannabis, demand for our superior products continues to exceed our production capacity despite the record harvests. This demand has set the stage for rapid revenue growth and profitability over the coming quarters, including a record finish to fiscal 2019.” About James E. Wagner Cultivation Corporation JWC’s wholly owned subsidiary is a Licensed Producer under the Cannabis Regulations, formerly the Access to Cannabis for Medical Purposes Regulations (“ACMPR”), focused on producing clean, consistent cannabis. The Corporation’s proprietary Dual...