James E Wagner Cultivation Corp JWCAF

jwc products available at meta

[mcphee42969]

i stopped in to the meta retail store on fairway to grab some cannabis and noticed they had jwc products on display and for sale. They were selling 2gs of bud for around $22 and they had the kief on display too. Another tidbit of news: i have some friends who work at JWC and just heard they laid off some of the office and production staff. Not sure if its just short term due to the virus or not but sounded like the place is still running just with less staff.

[CONESTOGA13]

Well that's good to hear their product is finally getting some exposure for once. And too bad about layoffs. Not surprised though considering the entire industry is doing the same at the moment.

[peashoot33nowor]

Thanks great post with good info. I will check out the meta store on Yonge to see the JWC products! At 10 cents a share I can buy 10,000 shares for 1,000 bucks - seems like a good deal for a company that has 10 million of premium cannabis in the vault and can make almost 4million of product every quarter! The layouts do concern me - can you quantify? Was it due to covid? Are sales picking up to

[CONESTOGA13]

How do you figure they 10 million of cannabis in the vault?

[peashoot33nowor]

Go to - 1st quarter 2020 - conference call, February 21, 2020.  - page 3 James den Ouden comments - CFO  - our agricultural produce and biological assets increased 263% to $10.4 million (as of Dec 31, 2019) compared to $6 million at Dec 31,2018.  - JWC produces approx $4 million of cannabis every quarter - so if they have nit sold a single gram to the REC market then they

[peashoot33nowor]

If they do not  sell a single gram of cannabis for the entire year of 2020 and continue operations at JWC phase 1 & 2 which are 100% licenced and paid for they will produce 9,000 kgs of premium cannabis which translates to $4 million per quarter - JWC will end up year 2020 with a total of $10 m + $16 m = $26 million of premium high demand cannabis in the vault.. JWC can expand JWC by a

[CONESTOGA13]

Now thats what I call a press release! Perhaps you should be their PR guy because you do a better job communicating to investors then they have for the past 2 years. And im not joking! lol

[peashoot33nowor]

Clean consistent cannabis - JWC is one of the few cannabis companies that really deliver ! Have a look at Tillray product profile online - many of their  foo flower has disclaimers THC & CBD levels vary by a lot ??? Lol image taking any medication with that disclaimer on the label? And these guys are premium indoor hydroponic growers. JWC aeroponic cannabis had the tightest active

[braindeadoldguy]

This post has been removed in accordance with Community Policy

[CONESTOGA13]

I would mainly say the stock is at dog$hit levels because the industry tanked as a whole and it went down 90% with most of the other companies. It also has to do with the debt levels and poor performance in generating big investments, but it mainly tanked with everything else. I know you said the creditors likely control everything at this point, but maybe that's a good thing if they actually

[peashoot33nowor]

Agreed, the company screwed up big time missing opportunity to raise sufficient capital in the good times and now has loans with Trichome Financial, Ball, Rivers and insiders. It's notable that the early financiers are sticking in for the time being also insiders purchased at 21 cents w warrants. At 10 cents if you can hold on for 6+ Months or more you are buying below the suits and close

[CONESTOGA13]

Screwed up is an understatement! And yes they are stickin in I guess because most of them have lost so much of their investment at this point. They probably have nothing to lose at this point and will just wait it out like I have for the last 2 years of my life. F***!

[peashoot33nowor]

I hear you man! Lots of unanswered questions as well, why are products listed as sold out on the website when they have a $14m of of biological assets in the vault? Why were they not forward thinking regarding wholesale sales channel clogging up eventually and develop sales channels into the OCS and other channels quicker?  Where are all the 2.0 products? Bottom line we need to hand tight

[skinny4]

This boat is gonna leave port soon and I will feel sorry for those that have not added or have sold out of frustration..and this boat wont be turning back after it leaves..tic toc

[RisingFalcon99]

Hey guys, I am still here. I still have faith in these guys, although sounds like Skinny has more information. I wasn't happy with all the loans they did. But as it turned out, I can't imagine it would be any easier trying to get more money now. And perhaps, that helps them finish their building, or at least, the store to lead to more revenue. I didnt buy on the initial offering, or when

[skinny4]

No new info just an eerie sense that something great is gonna happen..sometimes the universe can surprise us.haha

[CONESTOGA13]

Lol just a sense eh? Well according to their facebook page and post on March 29th they are still on track for full production capacity of 35,000kg per year. They are apparently at 15 grow rooms and have 100,000 sq ft of space occupied with thousands of plants. I can't see why they would keep repeating these things and figures unless there was still a lot of ambition there. There could easily