DENVER–(BUSINESS WIRE)–MJardin Group, Inc. (“MJardin” or the “Company”)
(CSE:MJAR) (OTCQX: MJARF), a global leader in cannabis management,
announced today that its common stock has been approved to upgrade to
the OTCQX Best Market, effective immediately.
OTCQX is considered by the U.S. Securities and Exchange Commission (SEC)
as an “established public market” for the purpose of determining the
public market price when registering securities for resale with the SEC.
Ability to trade on OTCQX generally leads to improved market liquidity
and broader public awareness.
“We are pleased to announce our upgrade to the OTCQX Best Market as we
believe it will lead to improved liquidity, increased exposure to
institutional and other accredited investors in the U.S., and a
broadened shareholder base,” said Rishi Gautam, Chairman and Chief
Executive Officer. “MJardin is well positioned and capitalized to
execute on our global growth strategy as we continue to acquire, own and
operate strategic cannabis assets across cultivation, processing and
retail. We look forward to updating our shareholders on our continued
progress and we are excited to increase the visibility and understanding
of our unique business model and growth strategy among the U.S.
investment community.”
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. As a well-capitalized organization, MJardin
continues to pursue strategic expansion and M&A opportunities across
global legal cannabis markets. MJardin is based in Denver, Colorado,
with offices in Toronto, Canada and Barcelona, Spain. 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 sell or a
solicitation of an offer to sell any of the securities in the United
States. The securities have not been and will not be registered under
the United States Securities Act of 1933, as amended (the “U.S.
Securities Act”) or any state securities laws and may not be offered
or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
Forward-Looking Information
This news release contains forward-looking information based on
current expectations. Statements about, among other things, future
developments and the business and operations of MJardin, trading of
MJardin’s shares on the OTCQX Best Market, the growth of or global
footprint and our intentions to leverage our scale for continued organic
growth and to pursue strategic investments are all forward-looking
information. These statements should not be read as guarantees of
future performance or results. Such statements involve known and
unknown risks, uncertainties and other factors that may cause actual
results, performance or achievements to be materially different from
those implied by such statements. Such factors include, but are
not limited to: our ability to identify and pursue growth, financing and
other strategic objectives, and the regulatory and economic environments
in the jurisdictions we operate or intend to operate or investment in.
Although such statements are based on management’s reasonable
assumptions at the date such statements are made, there can be no
assurance that the proposed acquisition will occur and that such
forward-looking information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
forward-looking information. Accordingly, readers should not
place undue reliance on the forward-looking information. MJardin
assumes no responsibility to update or revise forward-looking
information to reflect new events or circumstances unless required by
applicable law.
Contacts
Media:
Cory Ziskind
ICR
646-277-1232
cory.ziskind@icrinc.com
Investors:
Ali Mahdavi
Capital Markets & Investor
Relations
416-962-3300
Ali.mahdavi@MJardin.com
or
Frank
Knuettel II, 720-613-4019
Chief Strategy Officer
Frank.Knuettel@MJardin.com
