TORONTO: MJardin Group Inc, a leader in premium cannabis production, has terminated its previously announced acquisition of Carson City Agency Solutions, dba Cannabella, a producer of edibles and topical located in Carson City, Nevada.
The acquisition, which was expected to close in late 2019, could be terminated by the parties if the transaction hadn’t closed by April 2020. Given the delay in transferring the license, the Company elected to terminate the acquisition.
The Company and the vendor are in discussions regarding fees, expenses, and the status of the deposit consideration made in respect of the acquisition.