TORONTO and DENVER, May 21, 2019 (GLOBE NEWSWIRE) -- MJardin Group, Inc. (“MJardin” or “the Company”) (CSE: MJAR) (OTCQX: MJARF), a leader in premium cannabis production, congratulates its cannabis retail partner Peguis First Nation on their significant investment and historical milestone in Selkirk, Manitoba.
Peguis First Nation recently announced the completion of a deal with the City of Selkirk whereby they are investing $5 million into a 100% owned 7,000 square foot strip mall that will include a variety of services including a chronic care facility and cannabis store. This project will create 60 jobs and marks a significant event in the history of Peguis First Nation and the City of Selkirk that dates back two centuries. Not since July 18, 1817, when a historic treaty was signed between five chiefs and Lord Selkirk has there been a deal signed between the two groups, until now.
“Today, we're repatriating our lands and our traditional homeland of the St. Peter's Reserve," Chief Glenn Hudson noted. “The City of Selkirk is an important location for Peguis members historically but also today. This is only a start for Peguis investment in Selkirk.”
Selkirk Mayor Larry Johannson joined Chief Hudson at this important announcement and expressed his pleasure with the new deal and the historical significance. Regarding cannabis retail in Selkirk he noted, “We welcome it. It’s legal and full of opportunities.”
The Selkirk project is one of two Peguis developments underway that MJardin partnered on with the second being a 14,000 square foot mall in Winnipeg, Manitoba that also includes cannabis retail and various tenants including Toronto based “The Clinic Network”, a chronic care clinic facility that encompasses cannabis treatment.
MJardin acquired GrowForce Holdings in December 2018 and is currently partnered with Peguis First Nation in which MJardin offers years of adult use retail experience from the U.S., cannabis knowledge training, store development, brand design, management training resources, future product supply and more. The Company also owns a 120,000 square foot cultivation facility in Winnipeg, Manitoba that is nearing Phase 1 completion and is the largest facility in the Company portfolio.
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, trading of MJardin’s shares on the OTCQX Best Market, 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 investment 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 Chris Seto
Capital Markets & Investor Relations Chief Financial Officer
416-962-3300 647-242-0615
Ali.mahdavi@MJardin.com Chris.Seto@Mjardin.com