MJardin Group Begins Trading on the Canadian Securities Exchange

Positions Company for Continued North American and Global Growth

DENVER–(BUSINESS WIRE)–MJardin Group, Inc. (“MJardin” or the “Company”)
(CSE:MJAR), a leader in cannabis management, is pleased to announce that
the Company will begin trading today on the Canadian Securities Exchange
(the “CSE”) under the ticker “MJAR.”

“With more than ten years of professional cannabis cultivation,
processing, distribution and retail, MJardin is among the world’s most
experienced cannabis companies, with a proven track record of
operational excellence,” said Rishi Gautam, Chairman & Chief Executive
Officer of MJardin. “Listing on the Canadian Securities Exchange is a
significant milestone in our evolution and a testament to our team’s
dedication and focus on building a preeminent global cannabis management
platform. As we enter the public markets, we believe that MJardin is
well positioned for continued growth in the U.S. and Canada, as well as
international expansion in Europe, Africa and Latin America.”

Since its inception, MJardin has designed and planned more than 100
facilities and produced and sold more than 100,000 kg of cannabis,
achieving cultivation costs of $1.00 per gram and producing 360 grams
per sq. ft. per year.

Earlier today, the Company also announced that it had entered into a
binding letter of intent to acquire GrowForce Holdings Inc.
(“GrowForce”), a vertically integrated international cannabis platform
headquartered in Toronto. Following completion of the proposed
acquisition, a combined MJardin Group would have 49 facilities operating
or under development across North America, cultivating approximately
87,000 kg of finished product per annum and managing 23 cultivation
facilities, two outdoor grows, five extraction facilities and 19 retail
dispensaries across four U.S. states and four Canadian provinces.

MJardin believes that it has the financial strength and flexibility to
execute its growth strategy consisting of the following core pillars:

  • U.S. Consolidation – expand by leveraging MJardin’s pre-existing
    relationships and ability to consolidate undervalued cannabis assets
    throughout the supply chain
  • Canadian Expansion – continue executing on Canadian First Nations and
    non-First Nations expansion and asset consolidation strategy
  • International Expansion – discussions underway for international
    assets, partnerships and joint venture arrangements in Europe, Africa
    and Latin America
  • Research & Development – develop and test new cannabis applications
    including recently commenced medical epilepsy trials through a Spanish
    university partnership
  • Consumer Packaged Goods – establish branded products across North
    America
  • Operational Excellence – continuous improvement through
    organization-wide knowledge sharing and synergies
  • Capital Markets – fund acquisitions and organic infrastructure
    investments through its partnership with Bridging Finance Inc.,
    including the ability to access to non-dilutive growth capital and
    equity markets

About MJardin Group
MJardin is a specialized global cannabis
management platform that develops partnerships with licensed operators.
MJardin provides its partners turnkey cannabis cultivation, processing
and retail solutions, including licensure support, facility design,
systems implementation, facility ramp-up and the day-to-day operational
management required in a large-scale, professionally managed cannabis
facility. MJardin is headquartered in Denver, Colorado with an
additional office in Toronto, Ontario. For more information, please
visit www.mjardin.com.

The CSE has not in any way passed upon the merits of the listing of
the common shares MJardin or the proposed acquisition of GrowForce, and
has neither approved nor disapproved the contents of this news release.
The proposed acquisition is subject to a number of conditions, including
receipt of applicable shareholder, regulatory and stock exchange
approval and cannot close until the required approvals are obtained.
There can be no assurance that the proposed acquisition will be
completed as proposed or at all.

This news release does not constitute an offer to sell or a
solicitation of an offer to sell any of the securities in the United
States. The securities have not been and will not be registered under
the United States Securities Act of 1933, as amended (the “U.S.
Securities Act
”) or any state securities laws and may not be offered
or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.

Forward-Looking Information
This news release
contains forward-looking information based on current expectations.
Statements about, among other things, the closing of the proposed
acquisition, expected terms and conditions of the proposed acquisition,
future developments and the business and operations of MJardin and
GrowForce, the completion, terms and size of the proposed acquisition
are all forward-looking information. These statements should not be read
as guarantees of future performance or results. Such statements involve
known and unknown risks, uncertainties and other factors that may cause
actual results, performance or achievements to be materially different
from those implied by such statements. Such factors include, but are not
limited to: the parties’ ability to satisfy various closing conditions
of the proposed acquisition, including receipt of all regulatory and
shareholder approvals and the ability to integrate both companies and
pursue growth and other strategic objectives. Although such statements
are based on management’s reasonable assumptions at the date such
statements are made, there can be no assurance that the proposed
acquisition will occur or that, if the proposed acquisition does occur,
it will be completed on the terms described above and that such
forward-looking information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
forward-looking information. Accordingly, readers should not place undue
reliance on the forward-looking information. MJardin assumes no
responsibility to update or revise forward-looking information to
reflect new events or circumstances unless required by applicable law.

Contacts

Media Contact:
Cory Ziskind
ICR
646-277-1232
cory.ziskind@icrinc.com
or
Investor
Contact:

Ali Mahdavi
Capital Markets & Investor Relations
416-962-3300
Ali.mahdavi@mjardin.com

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