MJardin’s Atlantic Canada Cultivation & Extraction Facility Receives Sales Licence
January 08 2020 - 7:00AM
MJardin Group, Inc. (“
MJardin” or “the
Company”) (CSE: MJAR) (OTCQX: MJARF), a leader in
premium cannabis production, is pleased to announce its AtlantiCann
Medical Inc. (“AMI”) facility has been awarded a sales
licence from Health Canada. AMI is a joint venture corporation
consisting of Nova Scotia Mi’kmaq First Nations (51%), MJardin
Group, Inc. (39%) and the Halef Group (10%).
The licence comes just weeks before phase 2
construction is set to be complete adding 20,000 square feet to the
original footprint making the expanded facility 68,000 square feet
with a total of 6,300 kg/year of production capacity.
“This is a significant day and great achievement
for the Mi’kmaq of Nova Scotia and our partners as we receive this
licence and can begin to sell to the Canadian retail market,” said
Chief Terrance Paul, Co-Chair of the Assembly of Nova Scotia
Mi’kmaw Chiefs. “We have expanded our footprint and production
capacity and can now realize the full potential of our joint
venture.”
“Our team is very proud of this important
milestone and it means great things for our partnership,” said Pat
Witcher, Chief Executive Officer of MJardin Group. “We are thrilled
to bring our high-quality product to market, and we are confident
that Canadian consumers will agree. We also look forward to serving
the international market in 2020 from the AMI facility with our
European distribution partners.”
On September 9, 2019, MJardin announced that the
AMI facility has secured a supply contract with Franchise Cannabis
Corp. subsidiary, ACA Muller for 2,250 kg of high THC (>20%)
medical cannabis to serve the German market. AMI expects to receive
EU GMP certification in Q4 2020.
About MJardin Group
MJardin 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 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.
Forward-Looking Information
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, 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 Mahdavi
Capital Markets & Investor
Relations 416-962-3300 Ali.mahdavi@MJardin.com |
Pat Witcher Chief Executive
Officer720-613-4019Pat.Witcher@Mjardin.com |
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