MJardin Group, North America’s largest turnkey operator of legal cannabis facilities, is pleased to announce the creation of a new company called GrowForce Holdings Inc. (“GrowForce”). The mission of GrowForce is to become one of the premium licensed cannabis producers in Canada and other federally legal markets worldwide. GrowForce completed a private placement financing of its shares, which was offered to all of the securities holders of MJardin.
The legal cannabis industry is a unique prospect for those looking for a potentially lucrative investment opportunity. In 2017, sales in the US state of Colorado reached $1bn in just eight months, a 21 percent increase from the same period in the previous year. According to Statistics Canada, Canadians spent around CAD 5.7bn ($4.5bn) on both medical and non-medical cannabis in 2017, with numbers expected to swell when the latter is legalised in July this year.