TORONTO, Ontario, November 29, 2021 – MJardin Group, Inc. (CSE: MJAR) (the “Company” or “MJardin”) a leader in premium cannabis production, announced that it has decided to terminate its previously announced, and subsequently extended, Sales and Investment Solicitation Process (“SISP”) relating to the Company’s Canadian assets.

As disclosed in the Company’s news release dated April 30, 2021, MJardin’s special committee of the board of directors (the “SC” or “Special Committee”) initiated the SISP to explore, review and evaluate a broad range of strategic alternatives for the Company due to its limited capital resources. The Special Committee, supported by its strategic advisor, Restructur Advisors (“RA”), completed the review of a range of strategic alternatives for the Company’s Canadian assets. After an extensive review and consultation process, the SC recommended to the Company’s board of directors, and the board of directors concluded, to terminate the SISP as it relates to the Company’s Canadian assets. This decision is effective November 24, 2021.