MJardin Announces Phase 1 Construction Completion of their Manitoba Cultivation Facility, Submits Evidence of Readiness Packa...
MJardin Group, Inc. (“MJardin” or “the Company”) (CSE: MJAR)
(OTCQX: MJARF), a leader in premium cannabis production, announced
today that it has submitted its Evidence of Readiness package to
Health Canada and completed construction on Phase 1 of “WARMAN”, a
retrofitted indoor cultivation facility located in Winnipeg,
Manitoba and the largest in the Company’s portfolio.
“Reaching this Health Canada milestone at our flagship Winnipeg
facility is a significant achievement for our company,” noted Eric
Gattoni, SVP, Operations of MJardin Group. “We look forward to
cultivation at this facility as well as releasing our plans for
Phase 2 of the project.” “WARMAN” is MJardin’s fourth Canadian
cannabis cultivation facility to submit an Evidence of Readiness
package to Health Canada. The facility joins the Company’s
portfolio which consists of two facilities in Ontario and one in
Nova Scotia. The Company expects to receive its cultivation license
for the Warman facility in the fourth quarter of 2019.
About MJardin GroupMJardin is a 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. MJardin is based in Denver, Colorado and
Toronto, Canada. For more information, please visit
The CSE has not in any way passed upon the merits of and has
neither approved nor disapproved the contents of this news
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.
This news release contains forward-looking information based on
current expectations. Statements about, among other things, future
developments and the business and operations of MJardin, our
production capacity, our production results, trading of MJardin’s
shares on the OTCQX Best Market, the closing of the Transaction,
the receipt of any pending regulatory approvals or licenses, the
growth of our global footprint and our intentions to leverage our
scale for continued organic growth and to pursue strategic
investments 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: our
ability to identify and pursue growth, financing and other
strategic objectives, and the regulatory and economic environments
in the jurisdictions we operate or intend to operate or invest in.
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 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.
INVESTOR CONTACT:Ali MahdaviCapital Markets & Investor
Adrian T. Montgomery Chairman/Interim Chief Executive Officer