MJardin Terminates the Acquisition of Cannabella

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TORONTO and DENVER, May 29, 2020 (GLOBE NEWSWIRE) — PRESS RELEASE — MJardin Group, Inc., a cannabis producer with operations in two U.S. states and three Canadian provinces, has announced that it has terminated its previously announced acquisition of Carson City Agency Solutions, dba Cannabella, a producer of edibles and topicals located in Carson City, Nev.

The acquisition, which was expected to close in late 2019, could be terminated by the parties if the transaction hadn’t closed by April 2020. Given the delay in transferring the license, the company elected to terminate the acquisition. The company and the vendor are in discussions regarding fees, expenses and the status of the deposit consideration made in respect of the acquisition.

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