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MJardin Group Inc
Symbol MJAR
Shares Issued 62,410,431
Close 2019-04-18 C$ 2.59
Market Cap C$ 161,643,016
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MJardin JV's N.S. pot facility reaches full production

2019-04-18 08:53 ET - News Release

Ms. Christine Halef reports

MJARDIN'S ATLANTIC CANADA FACILITY REACHES FULL PRODUCTION CAPACITY IN 4 MONTHS

MJardin Group Inc.'s joint venture AtlantiCann Medical Inc. (AMI) facility located in Lower Sackville, N.S., has now reached its full production capacity in an impressive four months since receiving its cultivation and processing licence on Dec. 7, 2018. AMI is a three-way joint venture consisting of Nova Scotia Mi'kmaq First Nations (51 per cent), MJardin Group (39 per cent) and the Halef Group (10 per cent).

Phase 1 of the AMI complex is a 48,000-square-foot cultivation and extraction facility with a full production capacity of 4,700 kilograms of flower and trim. In just four months since the AMI team received its cultivation licence, the facility has propagated all flower rooms with a total of 6,000 plants, 3,600 of which are currently in flower stage. Phase 2 of the AMI complex will expand production to approximately 8,550 kg of flower and trim by adding another 20,000 square feet of capacity.

"The impressive turnaround time to reach full production capacity at AMI is a testament to the skilled experts we have within our company and our dedicated team in Lower Sackville," noted Christine Halef, senior vice-president of Atlantic Canada operations. "MJardin is drawing from 10 years of hands-on experience cultivating premium cannabis with high yields in the United States."

"We are very pleased with the progress that the AMI team has already made in Nova Scotia and the speed at which our facility is moving," noted Chief Terrance Paul, co-chair of the assembly of Nova Scotia Mi'kmaq Chiefs. "We performed a high degree of due diligence to find the right partners, and this latest milestone is a reflection of our confidence in MJardin's experience, knowledge and capabilities."

The AMI complex is currently working toward its Good Manufacturing Practices (GMP) certification which would allow for product export to international markets. Additionally, extraction capabilities are expected to be implemented in Q4 of 2019 in time for the legalization of additional cannabis products.

About MJardin Group Inc.

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 licence owners.

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