MJardin Group, Inc. issues statement regarding Bridging Finance Inc.

DENVER, Colorado, and TORONTO, Canada, May 3, 2021 -- MJardin Group, Inc. (“MJardin” or the “Company”) (CSE: MJAR) (OTCQX: MJARF), a leader in premium cannabis production, announced today that it is aware that on April 30, 2021, the Ontario Superior Court of Justice appointed PricewaterhouseCoopers Inc. as receiver and manager over the affairs of Bridging Finance Inc. (“Bridging Finance”), and investment vehicles managed and controlled by Bridging Finance, as a result of an application brought by the Ontario Securities Commission.  Bridging Finance is a significant secured lender to the Company, with approximately $155.8 million outstanding in indebtedness due in May 2022.  The Company has previously sought and received waivers from Bridging Finance with respect to the repayment of the indebtedness and interest thereon as disclosed in its financial statements. The Company has been in contact with the receiver and will continue to monitor the situation with Bridging Finance as it develops.