Flint & Embers enters Canada’s largest recreational cannabis market, a line of recreational products now available in Ontario
TORONTO, July 20, 2021 (GLOBE NEWSWIRE) – MJardin Group, Inc. (CSE: MJAR) (the “Company” or “MJardin”), a leader in premium cannabis production, is pleased to announce that its flagship brand, Flint & Embers, has successfully shipped its first cannabis orders to the Ontario Cannabis Store (“OCS”) for retail. The OCS is Ontario’s only legal online retailer and is responsible for the wholesale distribution of recreational cannabis products to private retailers in the province. MJardin expects its Flint & Embers products to be available for purchase from private cannabis retailers across Ontario as well as online through the OCS at www.ocs.ca before the end of July 2021.
The Flint & Embers brand provides high quality cannabis in small batches made with the best facilities at MJardin. Flint & Embers differentiates itself from other brands by using specially designed modular systems and sophisticated genetics.
MJardin remains engaged and focused on targeted consumer segments and differentiates itself from the company during the rapid growth of cannabis retail stores in Ontario. The Alcohol and Gaming Commission of Ontario, which regulates the cannabis industry, aims to approve dozens of cannabis retail outlets each week with the goal of reaching 1,000 stores across the province of by October 2021. Additionally, the OCS has focused on lowering prices to attract customers who would typically buy cannabis illegally. With two state-of-the-art facilities across Canada and a new look for the brand that features bold hues and a clean design showcasing the unique and vibrant varieties of Flint & Embers, the company is confident in its ability to meet growing needs. of Ontario Consumers with premium cannabis products from Flint & Embers.
“We are delighted that our cannabis collection is now available to consumers in Ontario, one of the main growth centers for the cannabis industry as a whole,” said Pat Witcher, CEO of MJardin . “These expeditions mark a major milestone for the brand. With our previously announced supply agreements in Alberta and British Columbia, we now have access to over 70% of the cannabis retail network in Canada. This brings a fundamental change as we now begin to show our true strengths, allowing the brand to grow organically. “
MJardin continues to seek additional licensing opportunities across Canada and has secured additional opportunities for new product launches in the province of Ontario in the near future.
About the MJardin Group
MJardin’s 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 has several operations in Canada, supplying the market with high-end products. MJardin is listed on the CSE (MJAR) and is headquartered in Toronto, Ontario and Denver, Colorado.
The CSE has in no way commented on the merits and neither approved nor disapproved of the contents of this press release.
This press release does not constitute an offer to sell or a solicitation of an offer to sell any 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 “US Securities Act”) or any state securities law and may not be offered. or sold in the United States or to US Persons unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
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 Titles Litigation Reform Act 1995. These forward-looking information and forward-looking statements are not representative of historical facts or information or the current situation, but represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside the control of the Company. Generally, such forward-looking information or statements can be identified by the use of forward-looking terms such as “may”, “will”, “should”, “could”, “would”, “expects”, “intends”. “,” Plans “,” anticipates “,” believes “,” estimates “,” projects “,” foresees “,” potential “,” prospect “or” continue “or the negative of these or other comparable terms . Statements regarding, among other things, future developments in MJardin’s business and operations, approval by Nevada regulatory authorities of the transfer of license to Harvest relating to the Cheyenne facility, use of the proceeds from the sale of the installation of Cheyenne, the suspension and potential closure of the Warman facility, the sales and investment solicitation process and any potential outcome thereof, as well as statements regarding potential, timing and examples of any strategic alternative, 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 known and unknown risks, uncertainties and other factors which 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 such -forward-looking information and forward-looking statements, including, but not limited to: our ability to identify and pursue growth, funding and other strategic objectives, general market conditions and the regulatory and economic environments in the jurisdictions we operate or intend to operate or invest in. Reference should also be made to 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 as described from time to time in documents filed by the Company. with Canadian Securities Administrators. 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 such statements are made, 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 from 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 price or trading volumes of MJardin’s shares, or as to the financial performance of the Company in future financial periods. The Company does not intend to update any of these factors or publicly announce the result 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 nor does it create an obligation or commitment to update or supplement any information provided. in this press release or otherwise. MJardin assumes no responsibility to update or revise forward-looking information and forward-looking statements to reflect new events or circumstances, unless 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 applicable United States federal money laundering law.
While the approach to enforcing these laws by the federal government in the United States has tended not to be applied against individuals and businesses that comply with medical or adult cannabis programs in the United States. States where these programs are legal, strict compliance with state laws regarding cannabis will not exonerate the Company of its liability under United States federal law, nor will it provide a defense to any federal proceedings that may be brought against the Company. Society. The application of federal laws in the United States represents a significant risk to the Company’s business and any proceedings brought against the Company under them may have a negative impact on the operations and financial performance of the Company.
Chief executive officer
Marketing & Brand Director