RE:NewsLesson learned the hard way. Don't fall in love with any stock!!!!.
MJardin Group comments on Bridging Finance
2021-05-03 11:35 ET - News Release
Mr. Pat Witcher reports
MJARDIN GROUP, INC. ISSUES STATEMENT REGARDING BRIDGING FINANCE INC.
MJardin Group Inc. 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., 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.
About MJardin Group Inc.
MJardin Group's mission is to set the standard for successful ownership of assets in the cannabis industry. Its founders spent a decade refining cultivation methodology, collecting and implementing data-driven standards, and designing state-of-the-art facilities. Today, MJardin Group owns multiple operations in Canada, supplying the market with premium products. The company is committed to its Canadian first nation joint ventures and all its strategic partnerships across the cannabis supply chain.