MJardin Group, Inc. Announces Delay in Filing 2018 Annual Financial Statements of Sumtra Diversified Inc.

Expects to file the 2018 Annual Financial Statements of Sumtra
Diversified Inc. on or before January 18, 2019

DENVER–(BUSINESS WIRE)–MJardin Group, Inc. (“MJardin” or the “Company“)
(CSE:MJAR), a leader in cannabis management, announced today that
following the closing of its reverse take-over (“RTO”) of Sumtra
Diversified Inc. (“Sumtra”) on November 13, 2018, it was not in a
position to file Sumtra’s audited annual financial statements for the
period ending August 31, 2018 before the required deadline of December
31, 2018.

MJardin has applied to the Ontario Securities Commission for the
imposition of a management cease trade order under National Policy
12-203 – Management Cease Trade Orders (“NP 12-203“)
throughout the duration of the default.

The management cease trade order, if issued, will generally not affect
persons other than the Chief Executive Officer and Chief Financial
Officer of MJardin to trade in its securities. MJardin’s management is
currently in a lockup period associated with the recent RTO and is
restricted from trading independently of any management cease trade
order that might be issued.

In the event that a management cease trade order is issued, MJardin
intends on satisfying the provisions of the alternative information
guidelines under NP 12-203 by issuing bi-weekly default status reports
in the form of news releases for so long as it remains in default of the
filing requirements to file Sumtra’s financial statements. MJardin
confirms that there is no other material information relating to its
affairs that has not been disclosed.

Other than the Sumtra annual financial statements for the year ended
August 31, 2018, MJardin is up to date in its filing obligations, having
previously filed on SEDAR its combined consolidated financial statements
for the years ended December 31, 2015, 2016 and 2017 as well as
condensed interim combined consolidated financial statements for the
three and six months ended June 30, 2017 and 2018.

About MJardin Group

MJardin is a global cannabis management platform with extensive
experience in cultivation, processing, distribution and retail. For over
10 years, MJardin has refined cultivation methodologies, developed state
of the art facilities and implemented vertical integration for and on
behalf of license owners. As a well-capitalized organization, MJardin
continues to pursue strategic expansion and M&A opportunities across
global legal cannabis markets. MJardin is based in Denver, Colorado,
with offices in Toronto, Canada and Barcelona, Spain. For more
information, please visit www.mjardin.com.

The CSE has not in any way passed upon the merits of and has neither
approved nor disapproved the contents of this news release.

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.

Cautionary Statement Regarding Forward-Looking Information

Certain statements contained in this press release may constitute
forward-looking information. These statements relate to future events or
future performance. The use of any of the words “could”, “intend”,
“expect”, “believe”, “will”, “projected”, “estimated”, “proposed” and
similar expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking information
and are based on the Company’s current belief or assumptions as to the
outcome and timing of such future events. Such forward-looking
information are subject to risks and uncertainties that may cause actual
results, performance or developments to differ materially from those
contained in the statements. In particular, this release contains
forward-looking information relating to the anticipated filing of the
financial statements. Various assumptions or factors are typically
applied in drawing conclusions or making the forecasts or projections
set out in forward-looking information. Those assumptions and factors
are based on information currently available to the Company. The
forward-looking information contained in this release is made as of the
date hereof and the Company is not obligated to update or revise any
forward-looking information, whether as a result of new information,
future events or otherwise, except as required by applicable securities
laws. Because of the risks, uncertainties and assumptions contained
herein, investors should not place undue reliance on forward-looking
information. The foregoing statements expressly qualify any
forward-looking information contained herein.

Contacts

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

Investors:
Ali Mahdavi
Capital Markets & Investor
Relations
416-962-3300
Ali.mahdavi@mjardin.com
or
Frank
Knuettel II, 720-613-4019
Chief Strategy Officer
Frank.Knuettel@MJardin.com