James E. Wagner Cultivation Corporation ('JWC' or the 'Corporation') (TSX VENTURE: JWCA; OTCQX: JWCAF), is pleased to announce that on January 10, 2020 (the 'Closing Date'), it received an advance (the 'First Tranche') of CDN$2 million (the 'Convertible Security') from Lind Global Macro Fund, LP, an entity managed by The Lind Partners (together, 'Lind'), pursuant to the previously-announced convertible security funding agreement dated December 29, 2019 (the 'CSA') between JWC and Lind. In addition, on the Closing Date, JWC issued Lind 4,000,640 warrants (the 'Warrants') to purchase common shares of JWC, exercisable until January 10, 2022 at an exercise price of CDN$0.3379 per common share.

The Warrants are subject to a four month hold period in accordance with applicable Canadian securities laws. JWC intends to use the proceeds of the Convertible Security for general working capital purposes.

About James E. Wagner Cultivation Corporation

James E. Wagner Cultivation Corporation's wholly owned subsidiary is a Licensed Producer under the Cannabis Regulations, formerly the Access to Cannabis for Medical Purposes Regulations ('ACMPR'). JWC is a premium cannabis brand, focusing on producing clean, consistent cannabis using an advanced and proprietary aeroponic platform named GrowthSTORM. JWC began as a collective of patients and growers under the Marihuana Medical Access Regulations (the precursor to ACMPR). Since its inception, JWC has remained focused on providing the best possible patient experience. JWC is a family-founded company with deep roots planted in the local community. JWC's operations are based in Kitchener, Ontario. Learn more at www.jwc.ca.

Contact:

Tel: (519) 594-0144

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