Kitchener cannabis grower plans to open store too
Posted Dec 12, 2019 09:15:00 PM.
This article is more than 5 years old.
It could be Waterloo Region's first retail cannabis store tied to a licensed cultivation site.
On Thursday, James E. Wagner Cultivation (JWC) announced plans to open a 2,000 square-foot store at its 340,000 square-foot flagship cultivation facility at 530 Manitou Drive in Kitchener.
JWC says as it nears full production capacity, it plans to expand from the Canadian medical to recreational markets in the first calendar quarter of 2020 through a number of marketing and distribution channels.
The company says the opportunity for the 'farm-gate' store arose from the recently enacted amendments to provincial legislation governing the cannabis retail market, allowing licensed producers to set up stores on their production sites.
“Amendments in legislation provide us with the opportunity to respond to consumer needs,” Nathan Woodworth, JWC President and CEO said in a release. “We plan to move forward as quickly as the regulatory and permitting process allows. We hope that this new direct channel will contribute significantly to our revenue and margin expansion in fiscal 2020.”
Once at full capacity, JWC expects to produce over 35,000 kg of dried cannabis per year.
Waterloo Region is in the running for three other cannabis stores – 32 King Street South in Waterloo – 75 Pinebush Road in Cambridge – and one at Fairway Road Plaza in Kitchener.
