Mr. Nathan Woodworth reports

JAMES E. WAGNER GRANTED INITIAL ORDER UNDER THE CCAA

James E. Wagner Cultivation Corp. and its subsidiaries have obtained an initial order from the Ontario Superior Court of Justice (Commercial List) for protection under the Companies' Creditors Arrangement Act in order to restructure their business and financial affairs.

As announced earlier today, James E. Wagner and Trichome Financial Corp. have agreed to a consensual restructuring pursuant to which (i) Trichome will provide interim financing over the term of the restructuring of up to $4-million under a debtor-in-possession loan; and (ii) Trichome has agreed to purchase the assets of James E. Wagner, pursuant to an asset purchase agreement that contemplates that Trichome will be the stalking horse in a sales and investor solicitation process.

The initial order provides for a broad stay of proceedings, and the exercise and enforcement of rights and remedies against the James E. Wagner group. Under the terms of the initial order, KSV Kofman Inc. has been appointed as monitor to oversee the CCAA proceedings and report to the court.

During the CCAA proceedings, as a result of the DIP loan, it is expected that day-to-day obligations to employees, key suppliers of goods and services, and James E. Wagner's customers payable, from and after the filing date, will continue to be met. While under CCAA protection, management of the corporation will remain responsible for the day-to-day operations of the corporation under the general oversight of the monitor.

In accordance with the policies of the TSX Venture Exchange, as a result of the commencement of the CCAA proceeding, James E. Wagner's exchange listing and tier classification will be downgraded from the TSX Venture Exchange to the NEX.

About James E. Wagner Cultivation Corp.

James E. Wagner's wholly owned subsidiary is a licensed producer under the Cannabis Regulations, formerly the Access to Cannabis for Medical Purposes Regulations.

We seek Safe Harbor.