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Posts published in “MJardin Group”

MJardin Awarded Cultivation & Processing License from Health Canada for its Largest Facility

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.

MJardin Group Inc (OTCMKTS: MJARF) Hits The OTC

RAMA – Pursuing Cultivation, Sales and Extraction Licensing – located in Rama, Ontario, this facility is a joint venture between MJardin and Rama First Nation which will bring large-scale cannabis cultivation, extraction, and retail to Rama, Ontario and the surrounding region. The partnership’s first major project is in the planning and development stage for the construction of a 75,000 square foot cannabis production facility with 9,000 kg per year of production capacity.