James E. Wagner Cultivation Corporation (“
JWC” or
the “
Corporation”) (TSX VENTURE: JWCA; OTCQX:
JWCAF), is pleased to announce that it has entered into a brokerage
agreement (the “
Agreement”) with Kindred Partners
Inc. (“
Kindred”), under which Kindred will serve
as the exclusive broker for JWC’s adult use cannabis products in
Canada. Kindred is a specialty brokerage and services company for
cannabis products.
Kindred is a wholly owned subsidiary of
Breakthru Beverage Group, LLC and has deep roots and experience in
effectively managing distribution agreements in highly regulated
industries. Kindred operates separately from its sister company,
alcohol beverage brokerage Breakthru Beverage Canada, while
leveraging related knowledge and expertise in working with Canadian
Provincial control boards, licensed distributors and retailers. The
collaboration will allow for Kindred to use its national presence
to market the JWC brand throughout Canada, while offering industry
intelligence and insights to better serve and supply the adult-use
market.
“At JWC, our passion is our purpose. Our company values are
reflective of a strong family culture,” said Nathan Woodworth, CEO
of James E. Wagner Cultivation Ltd. “I’m looking forward to
collaborating with Kindred. It was important for us to find a
company that shares similar values, including a sense of
authenticity, a responsible culture and a commitment to customers.
I’m excited about the prospect of realizing our goal to expand our
business across Canada.”
The Agreement is an important step for JWC in its preparations
for entering the recreational cannabis markets in Canada in the
coming weeks. Kindred provides a workforce with extensive
experience of operating in a competitive consumer packaged goods
environment.
“We’re excited to serve as the exclusive brokerage partner for
James E. Wagner Cultivation Ltd. and their innovative aeroponic
products across the Canadian market,” said David Prodanovic, VP,
General Manager of Kindred Partners. “As the market continues to
evolve, we intend to leverage our well-established business model
to meet JWC’s brand goals.”
The Agreement also covers JWC’s derivative line of cannabis
extract products currently under development and expected to come
to market in the first calendar quarter of 2020. JWC will continue
to market and sell cannabis products to its medical patients as
well as directly to other licensed producers, which is outside the
scope of the Agreement.
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”). JWC is a premium cannabis brand,
focusing on producing clean, consistent cannabis. JWC uses an
advanced and proprietary Dual Droplet™ aeroponic platform named
GrowthSTORM™. JWC was founded as a family company and is based on
family values. JWC began as a collective of patients and growers
under the Marihuana Medical Access Regulations (the precursor to
ACMPR). Since its inception, JWC has remained focused on providing
the best possible patient experience. JWC’s operations are based in
Kitchener, Ontario. Learn more at www.jwc.ca.
For additional information about JWC,
please refer to JWC’s profile on SEDAR (www.sedar.com) or the
Corporation’s website: www.jwc.ca
About Kindred Partners Inc.
Kindred Partners Inc. is a wholly owned Canadian
subsidiary of Breakthru Beverage Group representing cannabis
products to the Canadian recreational market. This dedicated
cannabis sales brokerage business operates independently from its
sister company, Breakthru Beverage Canada, a leading Canadian
beverage alcohol broker. For more information, please visit
www.kindredcanada.ca.
About Breakthru Beverage
Group
Breakthru Beverage Group is one of the leading
alcohol wholesalers in the United States and the largest broker in
Canada representing a full total alcohol beverage portfolio of
spirits, wine and beer. Across its North American footprint,
Breakthru employs more than 7,000 associates who align a nimble and
insightful approach to sales, marketing and operations. Family
ownership is active in the business and committed to being stewards
of heritage and champions of innovation. For more information,
visit www.BreakthruBev.com.
Notice regarding forward-looking
statements:
This press release contains statements including
forward-looking information for purposes of applicable securities
laws (“forward-looking statements”) about JWC and
its business and operations which include, among other things,
statements regarding the current and future anticipated sale of
products by JWC and Kindred, maintenance of an ongoing supply and
sale relationship with Kindred, anticipated continuing expansion of
JWC’s distribution networks, continuing expansion of production by
JWC, the launch of JWC’s derivative line of cannabis products, the
use of Kindred’s national presence to market JWC’s products and
continuing growth of JWC’s product lines. The forward-looking
statements can be identified by the use of such words as “will”,
“expected”, “approximately”, “may”, “could”, “would” or similar
words and phrases. Forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results to differ materially from those implied in the
forward-looking statements. For example, risks include risks
regarding the ability of Kindred to achieve the results and scope
of brand expansion anticipated by JWC, Kindred’s commitment of
sufficient resources to JWC’s product lines, the cannabis industry,
economic factors, the equity markets generally, building permit
related risks and risks associated with growth and competition as
well as the risks identified in the Corporation’s Filing Statement
available under the Corporation’s profile at www.sedar.com.
Although JWC has attempted to identify important factors that could
cause actual actions, events or results to differ materially from
those described in forward-looking statements, there may be other
factors that cause actions, events or results to differ from those
anticipated, estimated or intended. Readers are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release and are based on
current assumptions which management believes to be reasonable. The
Corporation disclaims any intention or obligation, except to the
extent required by law, to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For more information about this release, please contact
Nathan Woodworth, President & CEO of JWC Email:
nathan@jwc.ca Phone: (519) 594-0144 x421
OR
Investor Relations Jonathan Leuchs, CMA Email:
jwca@cma.team Phone: (949) 432-7566
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