NICI Quick Take

MJardin Group is a Canadian cultivator, processor, distributor and retail cannabis company. The Company focuses on developing partners with licensed operators and supporting, designing and operating large-scale cannabis facilities. The Company currently has 30+ cultivation facilities under construction and currently projects 100,000+ kg per year.

It recently announced its merger with GrowForce, a vertically integrated international cannabis company located in Toronto. Through the merger, MJardin will have 49 facilities in North America producing 87,000 kg of flower per year, 23 cultivation facilities, 2 outdoor grow facilities, 5 extraction facilities and 19 retail dispensaries in the US and Canada.

IPO Details

Valuation $20.0M
Total Raised $34.0M
NICI Subsector Cultivator, Processor, Retailer
Website N/A