MJardin Announces Proposed Transactions
TORONTO, March 29, 2023 (GLOBE NEWSWIRE) — MJardin Group, Inc. (OTC: MJARF) (“MJardin” and, together with its affiliates, the “Company”) announces two transactions (the “Proposed Transactions”) to be implemented in its ongoing proceedings under the Companies’ Creditors Arrangement Act (the “CCAA”), which proceedings also involve GrowForce Holdings Inc. (“Growforce”), 8586985 Canada Corporation (“858 Canada”) and Highgrade MMJ Corporation (“Highgrade” and, together with MJardin, Growforce and 858 Canada, the “Debtors”). The Proposed Transactions are subject to, among other applicable conditions, the approval of the Ontario Superior Court of Justice (Commercial List) (the “Court”) in the CCAA proceedings.