Bullboard - Stock Discussion Forum James E Wagner Cultivation Corp JWCAF

James E. Wagner Cultivation Corp, through its subsidiary is a licensed producer of medical cannabis focusing on producing clean, consistent cannabis using an advanced and proprietary aeroponic platform named GrowthSTORM. The company's operations are based in Kitchener, Ontario.

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James E Wagner Cultivation Corp > Anyone care to explain?

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Post by CONESTOGA13 on Dec 30, 2019 10:50am

Anyone care to explain?

Am I reading this right? "The parties have agreed to a pre-paid interest amount on the First Tranche equal to CDN$400,000 and a commitment fee in the amount of CDN$100,000."

Does this mean they are paying $500,000 for a $2 million loan? Plus 4 million shares???

https://stockhouse.com/news/press-releases/2019/12/30/james-e-wagner-cultivation-announces-convertible-security-funding-agreement

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Comment by skinny4 on Dec 30, 2019 11:00am

hmmm...that would be 20% which is highway robbery

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Comment by Positivelive1 on Dec 30, 2019 11:52am

Highway robbery for sure and indicates that JWCA can't get funds anywhere else!

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Comment by BobbyLypschitz on Dec 30, 2019 12:01pm

Every time there is a press release the stock tanks lol this is frustrating.

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Comment by RisingFalcon99 on Dec 30, 2019 1:06pm

How can it go from "we're on track to being positive in Q2" in Nathan's post Q4 results a few weeks ago, to now needing more financing to continue on? Were we misled, or is this all part of the plan? Perhaps the money needed now is for something bigger? I just cant wrap my head around him saying that, and then needing more financing this soon.

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Comment by skinny4 on Dec 30, 2019 1:09pm

Well lets hope he does explain soon, or maybe the shareholders will have to put somebody else in charge of this company....

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Comment by CONESTOGA13 on Dec 30, 2019 1:12pm

yeah not sure who is doing the books at JWCA or what they were basing that on. Maybe they should have mentioned what it was for in the press release that they conveniently released at 10:03 AM the day after Tax Loss Selling season was over. BDOG Im curious as to what you think of this mess?

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Comment by RisingFalcon99 on Dec 30, 2019 1:16pm

Definitely suspicious on the timing of the release. Imagine if they did this on Friday!

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Comment by Metty4 on Dec 30, 2019 1:31pm

how long and how much money would it take for them to ramp up to full scale. would they be able to do it in one year, i doubt it. or what percentage of growth of manufacturing, do they hope to achieve this year coming up. That would be nice to know.

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Comment by braindeadoldguy on Dec 31, 2019 8:13am

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Comment by weedstocks488 on Dec 31, 2019 2:47pm

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Comment by HaulJockey on Dec 30, 2019 1:17pm

And you accuse me of being a shorter after my opinion of this company. Don't say I didn't warn you. Ownership is all rented, leased and complete debt. It's one bad thing away from being nothing. I can't say what that could be but just research for yourself why companies had crop losses, no sales, no money to continue etc. Money tunnel to the lenders till it's all gone is my ...more

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James E Wagner Cultivation Corp