M&A Deal Summary

MJardin Group Acquires GrowForce Holdings

On November 17, 2018, MJardin Group acquired business services company GrowForce Holdings

Acquisition Highlights
  • This is MJardin Group’s 1st transaction in the Business Services sector.
  • This is MJardin Group’s 1st transaction in Canada.
  • This is MJardin Group’s 1st transaction in Ontario.

M&A Deal Summary

Date 2018-11-17
Target GrowForce Holdings
Sector Business Services
Buyer(s) MJardin Group
Deal Type Add-on Acquisition
Advisor(s) KES 7 Capital
Cormark Securities (Financial)

Target

GrowForce Holdings

Toronto, Ontario, Canada
GrowForce Holdings, Inc. is a geographically diversified and vertically integrated cannabis platform based in Canada, operating within Health Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR). GrowForce owns a majority interest in multiple cannabis facilities with strategic partnerships for turnkey operations, proprietary software and training, and project financing throughout Canada and other federally legal international markets.

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Buyer(S) 1

Buyer

MJardin Group

Denver, Colorado, United States

Category Company
Sector Consumer Products
DESCRIPTION

MJardin Group, Inc. is a specialized global cannabis management platform that develops partnerships with licensed operators. MJardin provides its partners turnkey cannabis cultivation, processing and retail solutions, including licensure support, facility design, systems implementation, facility ramp-up, and the day-to-day operational management required in a large-scale, professionally managed cannabis facility. MJardin is headquartered in Denver, Colorado with an additional office in Toronto, Ontario.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2018 M&A 1 of 1