James E. Wagner Cultivation (TSXV: JWCA) has received its first purchase order from the of the Ontario Cannabis Store, marking the firms first step into that of the recreational cannabis market. The purchase order is anticipated to be fulfilled next week.
While the company was quick to announce the arrangement, James Wagner provided little actual detail on the purchase order itself. No data was given on the quantity of product ordered, or a rough estimate on the value of the order. In this regard, the only data provided was that the products will be available to the “nearly 30 private retail stores across Ontario and consumers for purchase thereafter.”
What they did provide, is details on what products specifically will be shipping. The purchase order was for that of Wagner’s new kief products, which will be available in both 1.0 and 2.0 gram formats. Cannabis strains for the kief products include “OG Kush GE” and “King Tut GE.” The company has also received a Note to Purchase from the OCS for one strain of dried cannabis, which requires the company to complete the listing process before a potential purchase order will be issued.
James Wagner Cultivation last traded at $0.12 on the TSX Venture.
Information for this analysis was found via Sedar, and James Wagner Cultivation. The author has no securities related to this organization. James Wagner Cultivation was previously a client of CanaCom Group, the parent company of The Deep Dive. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.