MJardin Receives Health Canada Approval for Amendment of Ontario Facility
25 February 2020 - 12:00AM
MJardin Group, Inc. (“MJardin” or “the Company”) (CSE: MJAR)
(OTCQX: MJARF), a leader in premium cannabis production, announced
today that one of its indoor cannabis cultivation facilities
“WILL”, located in Brampton, Ontario has received licensed approval
from Health Canada to its amendment application to significantly
increase its current operational space and production supply to
full facility capacity.
The 32,800 square foot facility has received
approval for eight additional grow areas and four additional
operations areas which include grow, vegetative and mother rooms,
as well as trim, dry, and packaging rooms. This amendment to its
previous license for two rooms will allow WILL to produce its full
capacity of 3,000 kg of dried flower and 900 kg of trim for a total
of 3,900 kg. The Company is in the process of submitting the final
amendment to bring the remaining 2 flower rooms onto the Health
Canada license and expects this to be completed in the third
quarter 2020.
“We are thrilled to have received this approval
from Health Canada in a very timely manner,” said Pat Witcher, CEO
of MJardin Group. “Our team has worked hard retrofitting the
facility and getting eight of the ten additional rooms online. We
look forward to completing the remaining two rooms but in the
meantime will begin growing more of our premium high THC product
and cultivating unique strains as part of our strategic partnership
with Robes, Inc.”
MJardin previously announced that it has dedicated
a portion of its canopy space to grow exclusive strains provided by
its partner Robes Inc. including the esteemed BLLRDR strain.
About MJardin GroupMJardin Group’s
mission is to set the standard for successful ownership and
management of assets in the cannabis industry. Our Colorado
founders spent a decade refining cultivation methodology,
collecting and implementing data driven standards and designing
state of the art facilities. Today, MJardin owns or manages
multiple operations in two US states and three Canadian provinces,
supplying the market with premium products. We are committed to our
Canadian First Nation joint ventures and all our partnerships
across the cannabis supply chain. MJardin is publicly listed on the
CSE (MJAR) and the QXOTC (MJARF) with offices in Denver, Colorado
and Toronto, Ontario. For more information, please visit
www.mjardin.comThe 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 InformationThis 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 Mahdavi |
Pat Witcher |
Capital Markets & Investor Relations |
Chief Executive Officer |
416-962-3300 |
720-613-4019 |
Ali.mahdavi@MJardin.com |
Pat.Witcher@Mjardin.com |
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