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MJardin Group Inc
Symbol C : MJAR
Shares Issued 62,410,431
Close 2019-04-12 C$ 2.49
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MJardin produces average of 87 g/sq ft cannabis at Will

2019-04-15 09:53 ET - News Release

Mr. Ali Mahdavi reports

MJARDIN'S ONTARIO CULTIVATION FACILITY EXCEEDS HISTORICAL COMPANY YIELDS

MJardin Group Inc. has released what the company believes to be industry-leading yield numbers from its Will facility in Brampton, Ont. Will was the first of the company's Canadian asset portfolio to be federally licensed for cultivation and sales by Health Canada.

Drawing on MJardin's 10 years of commercial growing experience and utilizing proprietary standard operating procedures, the Will facility produced an average of 61 grams of flower and an additional 26 grams of extractable trim for a total of 87 grams of product per square foot of bench space per harvest since its first harvest in May, 2018. These yields have surpassed MJardin's historical average benchmarks over its last 10 years of experience. The team utilizes cultivation data collected since 2012 to maximize plant density and will typically execute on six harvests per room annually. The company will continue to focus on high-yield production with expected annual targets of 340 grams per square foot of flower and 190 grams of trim for a total of 530 grams per square foot of bench space across all facilities MJardin owns or advises on.

In addition, the Will facility is focusing on growing high tetrahydrocannabinol cultivars, of which each phenotype has been carefully selected by the company's skilled in-house operations team. Based on MJardin's first 10 months of harvests, these phenotypes are averaging over 21 per cent THC with some varieties as high as 28 per cent.

MJardin is proud to have achieved these results without the use of pesticide application to the plants nor any use of irradiation.

"We are extremely pleased that we have been able to generate such high yields from our first Canadian cultivation facility," noted Eric Gattoni, senior vice-president, west/central North America, of MJardin. "We have successfully transplanted our high-yield growing methodology from our 10 years of U.S. experience into our Canadian portfolio."

"What we do best is consistently produce premium cannabis with high yields," noted chairman of the board and interim chief executive officer Adrian Montgomery. "We look forward to continued growth with impressive results at Will and across all our facilities as more production comes on line."

The 32,800-square-foot Will facility was awarded a cultivation licence in November, 2017, and subsequently produced its first harvest in May, 2018. The facility has a base production capacity of approximately 3,000 kilograms/year and was awarded a sales licence by Health Canada in December, 2018.

About MJardin Group Inc.

MJardin Group 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, licence owners. MJardin is based in Denver, Colo., and Toronto, Canada.

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