Business
MJardin Announces Nova Scotia Mi’kmaq First Nations Joining its AMI Partnership
MJardin Announces Nova Scotia Mi’kmaq First Nations Joining its AMI Partnership.
About this update from Mjardin Group Inc
[{"type":"text","content":"\nTORONTO and DENVER, April 01, 2019 (GLOBE NEWSWIRE) -- MJardin Group, Inc. (“MJardin” or “the Company”) (CSE: MJAR) (OTCQX: MJARF), a leader in cannabis production, is pleased to announce the completion of an Agreement (the “Agreement”), whereby the Nova Scotia Mi’kmaq First Nations (“Mi’kmaq”) will own a 51% stake in AtlantiCann Medical Inc. (“AMI”). As a result of the Agreement, MJardin and the Halef Group will own 39% and 10% of AMI, respectively. In connection with the partnership formed under the Agreement, MJardin, the Mi’kmaq and the Halef Group are contemplating expansion of their relationship, including retail.\n Located in Halifax, Nova Scotia, AMI is a licensed joint venture cultivator with a 48,000 square foot facility with a production capacity of 6,000 kg per year (Phase 1), and an additional 20,000 square feet (Phase 2) expected by the end of 2019 which is anticipated to double AMI’s production capacity. AMI has been built to GMP standards and is presently undertaking the GMP certification process, anticipated to be complete in the second half of 2019.  AMI is also in the application process for a sales license with Health Canada which is anticipated to be granted by the end of September, 2019. “We are very pleased with the level of commitment from the Mi’kmaq First Nations in the AMI partnership and the strategic value this brings to MJardin,” noted Adrian Montgomery, Chair of the board of MJardin Group. “AMI is an important asset as part of MJardin’s growth strategy as we continue our focus on ramping up sales and furthering our footprint and production assets across Canada.” 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. 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 se...