James E Wagner Cultivation Corp JWCAF

Shares and The future

[Jonawela]

Hello. Question from a swedish novice. Are my 14000 shares worth anything, can they go up? Is it alive or totally dead. Thanks. Jonas. Sweden.

[Gavinnick]

Well the shares are trading.   The company got restructured through a "stalking horse bid".  there was volume of over 2 million shares several weeks ago.     I suggest hold your shares here, earning should be coming up around the corner and this could blast off if Trichomes numbers they have forecasted are legit.   By end of March we will know were

[Jonawela]

Thanks for the reply. became thoughtful because my swedish share page no longer shows the share. But I have 15,000 shares that can be seen in my account.

[justaguynotayak]

If I'm not mistaken, Trichome applied for its own license to produce and is operating under a new company name.  JWC is now a none operating company with zero revenue and zero expenses.

[Gavinnick]

Yes, you are mistaken. this is Trichome operating as "James Wagner Cultivation".   The stalking horse bid saved the exsistense of the company as everyone knows is "JWC"   This is a debt relief act under the Canadian law.  Brutal on investors great for the corporation.  Trichome, was a majority of the debt holders anyways.  They basically bought their

[justaguynotayak]

Or was I mistaken?  https://equity.guru/2020/04/05/james-wagner-cukltivation-jwca-goes-creditor-protection-financier-jumps-50/ JWCA.F no longer has a license and the new company is called Trichome JWC Acuisition Corp.

[Gavinnick]

That's exactly what I said. trichome JWC etc. JWC dame logo as before, no change,

[Gavinnick]

Sorry,  same* logo as always.   Hence same company.  JWC cultivation logo is the same as before. strains have amplified under the new merger /l Stalking horse bid "    Trichome JWC.   New guidance has been put out by Trichome who is basically managing the new growth under the JWC logo.   The licenses were transferred over to the new merged compnay. 

[justaguynotayak]

It actually isn't legal to transfer the license in Canada, which is why they had to apply for their own.  They got approval under the CCAA to produce under the origional JWC license until they were approved for their own license under the name "Trichome JWC acquisition corp."  The only shares that are trading are the JWCAF.  These stocks are only trading on the

[Gavinnick]

I think you need to take your research one step further. "this take over paved the way for future license transfers".  They kept operation running the operation in place while working with exsisting management.  They never shut down, they have retained the JWC label. as of November 2021 "products were flying off the shelf" Weed shops close by.  The

[Gavinnick]

November  2020 *  

[justaguynotayak]

i guess we will have to wait and see.  As a share holder i do hope I am wrong but i have pretty good info.

[Gavinnick]

True, this canadien bankruptcy / saving the bankruptcy is a tricky situation for investors. there is many risk here trying to hold the stock that's for sure. the main thing is there is no better day to day business right now I don't THink.  You would think somebody can turn this manufacturing plant into a positive $ for all.