James E Wagner Cultivation agrees to supply TerrAscend with cannabis products
James E. Wagner Cultivation Corporation announced that on August 14, 2019, it entered into a purchase and supply agreement with TerrAscend, pursuant to which the Corporation agreed to provide dry cannabis flower and cannabis oils to TerrAscend. 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. 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.