MJardin Group

MJardin aborts acquisition of Nevada cannabis edibles maker

Denver-based marijuana management platform MJardin Group terminated its planned acquisition of Nevada edibles maker Cannabella. In a short news release, MJardin disclosed only that the deal had failed to close. The arrangement has been in limbo for more than a year since MJardin announced in April 2019 its plans to acquire Carson City Agency Solutions, […]

Read More

Net loss for cannabis firm MJardin balloons in 2018

Denver-based MJardin Group reported revenue for 2018 of 27.5 million Canadian dollars ($20.4 million), up 38% over revenue in 2017. The marijuana company recorded a net loss for 2018 of CA$84.3 million, compared with a year-ago profit of CA$1.5 million, primarily stemming from losses connected to Canadian cultivation operations. MJardin operates cultivation, processing and retail […]

Read More

MJardin to add marijuana extraction in Nevada with acquisition

Denver-based MJardin Group agreed to buy Carson City Agency Solutions, which does business as Cannabella, an operator of a cannabis extraction facility and producer of edibles and topicals in Carson City, Nevada. Terms of the deal were not released. With the acquisition, MJardin will add extraction capabilities to its existing cultivation operations in Nevada. To […]

Read More

Leading US marijuana firms list shares on Canadian stock exchange

Three top American cannabis firms made their trading debuts on the Canadian Securities Exchange (CSE) this week, continuing the frenzy of U.S.-based marijuana companies turning to Canada’s public markets to raise capital. Here’s a quick rundown of what investors need to know:   Multistate cannabis operator Acreage Holdings listed its shares under the ticker symbol ACRG.U […]

Read More

Week in Review: MJardin’s reverse takeover, California’s marijuana testing woes & Alaskans’ taste for high-THC goods

MJardin becomes the latest U.S. cannabis company to go public in Canada through a reverse takeover, nearly 20% of marijuana products in California fail tests for potency and purity, and Alaskans’ preference for high-THC products could bankrupt some growers. Here’s a closer look at some notable developments in the cannabis industry this week. Buyer beware […]

Read More

US marijuana company MJardin to go public in Canada via reverse takeover

Another notable U.S. marijuana company is completing a reverse takeover in Canada so it can go public north of the border. Denver-based MJardin – which operates cultivation, processing and retail facilities in North America and has an office in Toronto – plans to trade on the Canadian Securities Exchange (CSE) through a reverse takeover (RTO) of […]

Read More

Marijuana firm GrowForce closes CA$38M raise ahead of public markets debut

Toronto-based GrowForce Holdings has closed a funding round of 38 million Canadian dollars ($29.1 million) as the firm prepares to go public later this quarter. Capital from the equity raise will be used to expand the company’s cultivation operations and for strategic acquisitions, the firm said in a news release. Under terms of the offering, GrowForce […]

Read More

Cannabis company MJardin raises $20 million to bankroll acquisitions

Denver-based MJardin Group said Wednesday it secured $20 million in equity financing, a hefty sum it plans to use for additional strategic acquisitions in the marijuana industry. MJardin – which manages dozens of cultivation facilities for cannabis companies – said in a news release it had closed on a private placement financing of equity and convertible senior […]

Read More

US firm MJardin snaps up ‘major’ stake in fledgling Canadian producer

A prominent U.S. cannabis company has acquired a “major” equity stake in a fledgling producer of medical marijuana in Ontario, and the CEO of Colorado-based MJardin told Marijuana Business Daily “there will be more to follow.” The investment is the latest sign of growing interest among U.S. marijuana companies in the Canadian MJ market ahead […]

Read More