RAMA First Nation and MJardin Group Release Designs for Combination Indoor/Greenhouse Cannabis Campus
31 7월 2019 - 9:00PM
MJardin Group, Inc. (
“MJardin” or “the
Company”) (CSE: MJAR) (OTCQX: MJARF), a leader in
premium cannabis production, today released, with its joint-venture
partner the Chippewas of Rama First Nation (51%), designs of their
94,650 sq. ft. cannabis campus to be located in the community of
Rama, Ontario.
The campus will be a combination of indoor/greenhouse
cultivation with interior space of 62,400 sq. ft containing six
cultivation rooms for production of high-end flower, all necessary
cultivation support spaces, a 5,500 sq. ft GMP certified extraction
facility, a cannabis education centre and a retail dispensary. In
addition, two greenhouses equaling 32,250 sq. ft. will be dedicated
to producing extractable biomass.
The combination design allows the facility to produce diverse
products with both high-end flower and extraction, use the best
production methods for each type of product, and allow for
flexibility as the market demands. The combination facility is
expected to be complete third quarter 2020, produce a run-rate of
3,800 kg of high-quality dried flower, 675 kg of bulk oil and
employ 75-100 people.
“We are thrilled with this design and what it will mean to our
community. The clever approach to prepare for the future extract
markets while also providing quality services like the education
centre and retail dispensary onsite is great news for Rama,” said
Chief Rodney Noganosh of Chippewas of Rama First Nation. “We will
provide valuable services while at the same time add a wonderful
economic opportunity to our land and create nearly 100 new jobs for
our community members.”
“This project’s design is a great example of the smarter
approach to preparing for the future of the cannabis industry,”
commented Pat Witcher, Chief Operating Officer of MJardin Group.
“Our forward focus on high end flower, extraction and oil
derivative products has helped shape our design concepts and
process. We are happy to have such great partners in this
joint-venture as it has allowed us to take an innovative approach
that we feel will bring great value.”
About MJardin GroupMJardin 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
About RAMA First NationRAMA First Nation is
home to Casino Rama and many flourishing community enterprises
including two Tim Horton's franchises, a Shell Station, the
Gathering Place stores, Black River Wilderness Park, the Ojibway
Bay Marina and property leasing. Rama's commitment to
community and economic development growth remain focal points for
the future. With long standing local and regional
relationships, the Chippewas of Rama First Nation is one of the
country’s leading First Nation communities. For more
information, please visit www.ramafirstnation.ca.
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 InformationThis 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 closing of the Transaction, 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 invest 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: |
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Ali Mahdavi |
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Adrian T. Montgomery |
Capital Markets & Investor Relations |
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Chairman/Interim Chief Executive Officer |
416-962-3300 |
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416-309-2077 |
Ali.mahdavi@MJardin.com |
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Adrian.Montgomery@Mjardin.com |
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