MJardin Group closes US $20M equity and debt financing – updated

MJardin Group, a Denver, Colorado based professional cannabis operating company, has raised US $20 million in equity and convertible senior secured debentures from Canadian investors.

KES 7 Capital Inc. acted as placement agent. LaBarge Weinstein and WeirFoulds LLP acted as legal counsels.

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photo credit: Mjardin Group

News Release

DENVER and TORONTO, Ontario, Dec. 27, 2017 /PRNewswire/ — MJardin Group (the “Company”) is pleased to announce the closing of its private placement financing of equity and convertible senior secured debentures in the aggregate principal amount of $20,000,000 USD (the “Financing”). KES 7 Capital Inc. acted as a placement agent.

The Company expects to use the proceeds of the Financing to make strategic acquisitions in the cannabis industry and for general working capital and corporate purposes. On December 12, 2017, the Company announced a strategic partnership with Bridging Finance Inc. to create the premier infrastructure fund for the consolidation of the cannabis sector. In conjunction with today’s announcement, MJardin is fully-financed for its near-term growth initiatives.

“We looked at many cannabis deals and companies, and MJardin is a clear leader in the space,” said Mark Christensen, President and CEO of KES 7 Capital Inc. “We are very excited to continue working with the MJardin team on their future growth initiatives and their Canadian strategy.”

“We saw this as not only a logical next step but an opportunity for a transformational partnership,” said James Lowe, Co-Founder, Director and Chief Cultivation Advisor at MJardin. “We brought in strategic long-term shareholders who will support the Company for both near and long-term growth initiatives. MJardin has now further solidified its position as a market leader.”

About MJardin Group

MJardin Group (MJardin) is a highly specialized professional operating company that develops partnerships with licensed operators. MJardin provides its partners turnkey cannabis cultivation and processing solutions including licensure support, facility design, systems implementation, facility ramp-up and the day-to-day operational management required in a large-scale, professionally managed cannabis facility. MJardin is headquartered in Denver, Colorado with an additional office in Toronto, Ontario. For more information, please visit MJardin.com.

About KES 7 Capital Inc.

KES 7 Capital Inc. is a “hybrid” merchant bank that targets bespoke investments for both its own capital and that of its funding partners, that include institutions, family offices and high-net-worth individuals. Specialized in creating and/or finding high-quality, high-growth, public or private companies with areas of expertise including energy, healthcare, technology, industrials and real estate. For more information, please visit kes7capital.com.

Media Contact
For more information on MJardin:

Paul Wilken, MJardin Group: paul.wilken@MJardin.com, +1.720.613.4019

SOURCE MJardin Group

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.