You can find them randomly scattered around Wizard City, or you can buy some from the bazzar.
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Mist wood is found everywhere in Wizard101. They're usually found near trees and open areas.
you can buy micst wood at the bazzar for 21 gold.
Mist wood (along with many other substances) can be found almost anywhere in Wizard101... Some substances can only be found in certain places or near certain things. Mist wood is usually found down Unicorn Way... which is located in Wizard City, The Commons. That is at least where I found it. When you first enter there is a little street.. just ahead you see a pond... I found it around the trees and nearest the pond.
Water and near the Storm Mill(?)
you can find cattails in almost any body of water