MJardin’s Ontario Cultivation Facility Exceeds Historical Company Yields
15 4월 2019 - 9:00PM
MJardin Group, Inc. (“
MJardin” or “the
Company”) (CSE: MJAR) (OTCQX: MJARF), is pleased
to announce what the company believes to be industry leading yield
numbers from its “WILL” facility in Brampton, Ontario. “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 6 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 THC
cultivars of which each phenotype has been carefully selected by
our skilled in-house operations team. Based on our first 10 months
of harvests, these phenotypes are averaging over 21% THC with some
varieties as high as 28%.
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, NA
West/Central of MJardin. “We have successfully transplanted our
high yield growing methodology from our 10 years of US experience
into our Canadian portfolio.”
“What we do best is consistently produce premium
cannabis with high yields,” noted Chairman of the Board and Interim
CEO, Adrian Montgomery. “We look forward to continued growth with
impressive results at WILL and across all our facilities as more
production comes online.”
The 32,800 square foot WILL facility was awarded a cultivation
license in November 2017 and subsequently produced its first
harvest in May 2018. The facility has a base production capacity of
approximately 3,000 kg/year and was awarded a sales license by
Health Canada in December 2018.
About MJardin Group
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 license
owners. MJardin is based in Denver, Colorado and Toronto, Canada.
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, our production capacity, our production results,
trading of MJardin’s shares on the OTCQX Best Market, the receipt
of any pending regulatory approvals or licenses, the growth of our
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.
INVESTOR CONTACT:Ali
MahdaviCapital Markets & Investor
Relations416-962-3300Ali.mahdavi@MJardin.com
Frank Knuettel IIChief Strategy
Officer720-613-4019Frank.Knuettel@MJardin.com
MJardin (CSE:MJAR)
과거 데이터 주식 차트
부터 2월(2) 2025 으로 3월(3) 2025
MJardin (CSE:MJAR)
과거 데이터 주식 차트
부터 3월(3) 2024 으로 3월(3) 2025