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.

Jim Cramer sits down with GrowForce CEO and MJardin Executive Chairman Rishi Gautam, who explains how his companies are taking a dual approach to managing the rise of cannabis.