James E. Wagner Cultivation Corporation is raising its production capacity forecast at its flagship facility, JWC 2, located at 530 Manitou Drive in Kitchener, Ontario. The Corporation now projects JWC 2 has the potential to produce 35,000 kg of cannabis flower per annum, versus the Corporation’s previous public guidance of 30,000 kg per annum, once the facility is built to full capacity.
"The increase in production forecast is primarily the result of an increased yield, achieved mainly through the implementation of advanced cultivation processes, including the GrowthSTORM Dual Droplet System, and assumes that the increased yield realized in the quarter ended June 30, 2019 will be sustainable by the Corporation," the team with the company explains.
According to the company, for the three months ended June 30, 2019, the average yield per plant at the Corporation’s facilities totaled 261 grams per plant, versus an estimated average of 204 grams per plant set out in the Corporation’s interim financial statements for the three months ended March 31, 2019. "This represents a 27.94% increase in actual yields versus estimated yields for the quarter. As a result, JWC produced a record 434 kg of cannabis in the most recent quarter, ending June 30, 2019."
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