MJardin Group, Inc. Announces Two New Board Members
DENVER and TORONTO, May 26, 2021 (GLOBE NEWSWIRE) – MJardin Group, Inc. (“MGarden“or the”Company”) (CSE: MJAR) (OTCQX: MJARF), a leading producer of premium cannabis, today announced that Blair Jordan and Anthony Dutton will join the board, effective May 26, 2021 , to fill the two vacant positions.
MJardin expects the following independent board members to strengthen its board with renewed perspectives and diverse expertise in executive consulting, strategic planning, restructuring, marketing, corporate development and finance:
Blair Jordan is currently the Managing Partner of Restructur Advisors, a Canadian-focused turnaround and restructuring consulting firm with particular expertise in the cannabis and cannabinoid industry. Blair acted as a turnaround consultant for several cannabis companies, most notably as CEO and CFO for one of the very first Companies’ Creditors Arrangement Act restructuring of a cannabis business. He has also served as CFO of several public companies and served on the boards of directors of a Canadian investment bank, cannabis companies, mining exploration companies and a Capital Pool Corporation. He was a member of the audit, governance and nomination and remuneration committees. Blair’s professional background includes the Managing Director, Investment Banking Services at Echelon Wealth Partners Inc. in Canada, as well as the Managing Director of Credit Suisse Group. He holds an MBA from the Booth School of Business at the University of Chicago and an LLB from the University of British Columbia.
Anthony Dutton is a seasoned business executive and entrepreneur who has a proven track record as an investor and business founder. He was most recently co-founder, CEO and Director of Cannex Capital, a pioneering American cannabis company, prior to its acquisition of 4Front Holdings Ltd. to create 4Front Ventures, a large multi-state cannabis operator. Prior to Cannex, he was Co-Founder, CEO and Director of IBC Advanced Alloys, a manufacturer of high performance alloys serving leading contractors in the manufacturing and aerospace industry globally. He currently serves on the board of directors of Sanatana Resources (TSX.V: STA) and Value Capital Trust (TSX.V: VLU.P). Mr. Dutton holds a BA (Econ) from UBC, an M. Architecture from Dalhousie and a joint MBA from the Cranfield School of Management, UK and the Business School of Lyon, France.
About the MJardin group
MJardin Groups mission is to set the standard for successful asset ownership in the cannabis industry. Our founders spent a decade refining cultivation methodology, collecting and implementing data-driven standards, and designing state-of-the-art facilities. Today, MJardin Group has several operations in Canada, supplying the market with high-end products. We are committed to our Canadian First Nations Joint Ventures and all of our strategic partnerships throughout the cannabis supply chain. MJardin Group is listed on the CSE (MJAR) and is headquartered in Toronto, Ontario and Denver, Colorado.
CSE has in no way passed on the merits and has neither approved nor disapproved of the contents of this press release.
This press release does not constitute an offer to sell or the solicitation of an offer to sell any of the securities in the United States. The titles have not been and will not be registered in the United States. Securities Act of 1933, as amended (the “US Securities Act”) Or state securities laws and may not be offered or sold in the United States or to US nationals unless registered under the US Securities Act and applicable state securities laws or exemption from such registration.
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States. Private Securities Litigation Reform Act 1995. These forward-looking information and forward-looking statements are not representative of historical facts or information or the current state of affairs, but rather represent solely the beliefs of the company regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and external. control of the company. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “ may ”, “ will ”, “ should ”, “ could ”, “ would ”, “ expects ”, “intends”, “plans”, “anticipates”, “believes”, “estimates”, “projects”, “predicts”, “potential”, “prospect” Or “continue” or the negative of these or other comparable terms. Statements on, among other things, future developments in the business and operations of MJardin Group, approval by Nevada regulatory authorities to transfer license to Harvest with respect to the installation of Cheyenne, use of the product of the transaction, and statements regarding the potential, timing and examples of any strategic alternatives, contain forward-looking information. These statements should not be interpreted as guarantees of future performance or results. The forward-looking information and forward-looking statements of the company involve risks, uncertainties and other known and unknown factors that may cause the actual results, performance or achievements of the company to be materially different from future results, performance or achievements. expressed or implied by these forecasts. – forward-looking information and forward-looking statements, including, but not limited to: our ability to identify and pursue growth, funding and other strategic objectives, as well as the regulatory and economic environments in the jurisdictions in which we operate or intend to operate or invest. also be taken into account the risks and uncertainties which are discussed in more detail in the “Risk Factors” section of the Company’s annual MD&A filed on SEDAR and described from time to time in the documents filed by the Company with the authorities. Canadian Securities. . Readers are cautioned that the above list of factors is not exhaustive. While these statements are based on management’s reasonable assumptions as of the date of these statements, there can be no assurance that the proposed transactions will occur or that such forward-looking information will prove to be accurate, as actual results and future events could differ materially. compared to those anticipated in such forward-looking information and forward-looking statements. Therefore, readers should not place undue reliance on forward-looking information and forward-looking statements. No assurance is given as to the future trading price or volumes of MJardin Group shares, or as to the financial performance of the Company in future years. The Company does not intend to update any of these factors or publicly announce the outcome of any revision of any of the Company’s forward-looking information and forward-looking statements contained herein, whether whether as a result of new information, any future event or otherwise. . Unless otherwise indicated, this press release is valid as of the date hereof. The distribution of this press release does not imply that there has been no change in the affairs of the Company after the date hereof or creates any obligation or commitment to update or supplement the information provided. in this press release or otherwise. MJardin Group assumes no responsibility to update or revise forward-looking information and forward-looking statements to reflect new events or circumstances, except as required by applicable law.
Warning regarding cannabis operations in the United States
Investors should note that there are significant legal restrictions and regulations governing the cannabis industry in the United States. Cannabis remains a Schedule I drug under the United States Controlled Substances Act, making it illegal under federal law in the United States, among other things, to cultivate, distribute or possess cannabis in the United States. United States. Financial transactions involving proceeds generated by, or intended to promote, cannabis-related business activities in the United States may form the basis of prosecution under United States federal money laundering law.
Although the approach to the enforcement of these laws by the federal government in the United States tends not to be applied against individuals and businesses that comply with medical or adult cannabis programs in states where such programs are legal, strict compliance with state laws with respect to cannabis will not release the company from liability under US federal law, nor will it provide a defense to any federal proceedings that may be brought against the company. . The application of federal laws in the United States constitutes a material risk to the activities of the Company and any proceedings brought against the Company under them may adversely affect the business and financial performance of the Company.
Chief executive officer