DENVER & TORONTO--(BUSINESS WIRE)--MJardin Group, Inc. (“MJardin” or the “Company”) (CSE: MJAR), a leader in cannabis management, today announced a binding letter of intent (the “LOI”) to acquire GrowForce Holdings Inc. (“GrowForce”), a vertically integrated international cannabis platform headquartered in Toronto. Under the terms of the LOI, MJardin would acquire 100% of the outstanding shares of GrowForce in an all share transaction, representing equity consideration to GrowForce shareholders of approximately C$278 million (the “Proposed Acquisition”).

GrowForce Holdings Inc is a Toronto-based indoor grow operation that is going public in October. Executive Vice-President of Operations James Lowe explains that the company is a spinout and affiliate of the US-based MJardin Group, the largest grower of cannabis in North America.