MJardin Group agrees to sale Cheyenne cultivation facility to Harvest Health & Recreation

January 02, 2020

Torys is representing Canaccord Genuity as the financial advisor to MJardin with a team that includes John Emanoilidis and Kevin Armitage (corporate/M&A).

On January 2, 2020, MJardin Group, Inc. (“MJardin”) announced that it entered into a definitive agreement with Harvest DCP of Nevada, Cheyenne Holdings LLC, a division of Harvest Health and Recreation Inc. (“Harvest”) to sell all of its interest in GreenMart of Nevada LLC (“GreenMart”) for a total consideration of US$35 million in cash.

GreenMart possesses a Nevada Marijuana Cultivation Facility License and operates the cultivation facility asset located at 5421 E. Cheyenne, Nevada.

The transaction has been unanimously approved by the Board of Directors of MJardin, following the unanimous recommendation of a special committee of independent directors.

Further information can be found on Globe Newswire’s website.

MJardin is a cannabis management platform with extensive experience in cultivation, processing, distribution and retail.

Harvest Health & Recreation is a multi-state cannabis operator and vertically integrated cannabis company with one of the largest and deepest footprints in the United States.