MJardin announced that the Company received a C$11 million payment towards the previously announced Letter of Intent (LOI) joint venture agreement with Peguis First Nation (51%) that will see Peguis purchase the existing land and buildings from MJardin and additionally fund the capital expenditures required to complete Phase 2 of the facility for approximately C$20.5 million. The joint venture agreement is expected to close in early 2020.
Posts published in “Peguis First Nation”
A major Canadian cannabis cultivation facility — a joint venture involving Peguis First Nation — is launching its operations in Winnipeg after getting licensed by Health Canada.
Bridging Finance Inc. is starting with a Cannabis store on the Peguis First Nation in Manitoba, according to chief executive officer David Sharpe. His firm is working with Popcann, which fashions pot stores from old shipping containers.
'It’s historic': Peguis First Nation opening urban reserve in Winnipeg: plans to expand to include a pharmacy, a clinic, and a recreational cannabis shop.
One approach to mitigating treaty violations is the additions-to-reserve process. In short, First Nations purchase land from a private owner and apply to transfer it to their reserves. Government helps in the process. Under the Treaty Land Entitlement process, Manitoba has also set aside $190 million to assist First Nations to acquire private land for the purpose of adding to their reserves.
Cash from pot starting to flow and the Peguis First Nation is looking to cash in; It’s been less than a week since the legalization of cannabis in Canada and the cash is already flowing in for Winnipeg pot shops.
By Lenard Monkman · CBC News · Posted: Oct 16, 2018 Winnipeg facility expected to employ 150-200 people One First Nation is preparing to be a major player in Manitoba’s cannabis industry and hopes to provide jobs for its members in the process. “We have entered into all aspects of the cannabis industry — from production, to…
About 200 people registered for a Friday cannabis legalization conference hosted by Red River College, spending the day learning about the basics of marijuana, from plant anatomy to cultivation to retail sales.
Cannabis count: Who’s in and who’s not in Indigenous country? all about the new economic, political and cultural landscape unfolding in the wake of cannabis’ legalization in Canada, information about how Indigenous communities were reacting
Some First Nations chiefs say the legalization of recreational cannabis is already creating badly needed jobs for their communities.