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MJardin Group

Full company profile

uuid0002spv

Namestring
MJardin Group
Websiteurl
mjardin.com
Company typeenum
Private
Founded yearint
2012
Descriptiontext

MJardin Group is a Denver-based, privately held professional operating company in the cannabis sector, founded in 2012 and employing between 101 and 250 people. The company builds and manages licensed cannabis operations — including cultivation, processing, and retail dispensaries — across multiple U.S. states, with a stated focus on operating expertise rather than branding or technology differentiation. Its growth model has been an M&A roll-up: in late 2018 it acquired GrowForce (undisclosed terms) and GreenMart of Nevada (approximately $22 million), using capital raised in two December 2017 financing rounds that together totaled $34 million to fund multi-state expansion.

Financially, MJardin shows a deteriorating profile in the most recent reported years: revenue contracted materially in 2020 versus 2019, while EBITDA and net losses were substantial and widening through 2018-2020, indicating the company burned through its 2017 capital without achieving profitability. The leadership team is led by CEO Patrick Witcher and CFO Edward Jonasson; no other management detail, board composition, or investor roster is disclosed in the available data. The company's website (mjardin.com) presents as a non-functional loading page, which itself suggests either an operational disruption or a marketing underinvestment — a notable concern for diligence.

Short descriptiontext

MJardin Group is a Denver-based, privately held multi-state cannabis operator founded in 2012, managing licensed cultivation, processing, and retail operations across U.S. states. The company grew via acquisitions funded by $34M raised in late 2017.

Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersDenver, United States
HQ citystring
Denver
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
professional operating services, specialized business management, cultivation operations, retail operations management, multi-site operations
NAICS code1 code
  • Offices of Other Holding Companies551112
SIC code1 code
  • Services-Management Consulting Services8742
Product category
Professional Operations Management
Social media profiles1 record
Cost components5 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

MJardin Group is a highly specialized professional operating company that manages and operates a portfolio of businesses. The company has executed an acquisition-led growth strategy, acquiring companies such as GrowForce and GreenMart of Nevada. It functions as a parent operating entity overseeing specialized business units.

Differentiator
Functional benefit
Problem solved
Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
1Columbia Care
TypeDirect peer
Description

US multi-state cannabis operator with vertically integrated cultivation, processing, and dispensary operations; comparable in cross-state licensing and cultivation-driven model.

2Trulieve Cannabis
TypeDirect peer
Description

US multi-state operator with deep cultivation base and retail-led growth model; comparable as a cultivation-heavy operator expanding across state lines through acquisitions.

3Vireo Health International
TypeDirect peer
Description

US-based multi-state cannabis operator with physician-scientific orientation and cultivation/processing/retail assets; comparable as a smaller MSO with multi-jurisdiction licensed operations.

4Curaleaf Holdings
TypeDirect peer
Description

Largest US multi-state cannabis operator by retail count, combining cultivation, processing, and dispensaries; comparable as a scaled, vertically integrated peer pursuing the same roll-up playbook.

5Green Thumb Industries
TypeDirect peer
Description

US multi-state cannabis operator with cultivation, processing, and retail across multiple states; comparable as a similarly vertically integrated cannabis roll-up targeting scale across licensed jurisdictions.

64Front Ventures
TypeDirect peer
Description

US multi-state cannabis operator focused on cultivation, manufacturing, and retail; comparable as a mid-sized, cultivation-anchored MSO pursuing multi-state expansion.

7Cresco Labs
TypeDirect peer
Description

US multi-state operator with cultivation, manufacturing, and retail (Sunnyside) footprint; comparable in vertical integration strategy and acquisition-driven expansion into limited-license states.

8Acreage Holdings
TypeDirect peer
Description

US multi-state cannabis operator with cultivation, processing, and retail assets; comparable as a roll-up-style operator aggregating state-licensed cannabis businesses.

9MedMen Enterprises
TypeDirect peer
Description

US cannabis retail-focused operator with multi-state dispensary presence and cultivation/processing capabilities; comparable as a multi-state operator with shared exposure to retail execution and capital-constrained scaling.

10iAnthus Capital Holdings
TypeDirect peer
Description

Multi-state cannabis operator with cultivation, processing, and retail assets that underwent restructuring; comparable as a similarly positioned mid-sized MSO that struggled with capital structure and scale.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

MJardin Group

Professional Operations Managementmjardin.com

MJardin Group is a Denver-based, privately held multi-state cannabis operator founded in 2012, managing licensed cultivation, processing, and retail operations across U.S. states. The company grew via acquisitions funded by $34M raised in late 2017.

What MJardin Group does

MJardin Group is a Denver-based, privately held professional operating company in the cannabis sector, founded in 2012 and employing between 101 and 250 people. The company builds and manages licensed cannabis operations — including cultivation, processing, and retail dispensaries — across multiple U.S. states, with a stated focus on operating expertise rather than branding or technology differentiation. Its growth model has been an M&A roll-up: in late 2018 it acquired GrowForce (undisclosed terms) and GreenMart of Nevada (approximately $22 million), using capital raised in two December 2017 financing rounds that together totaled $34 million to fund multi-state expansion.

Financially, MJardin shows a deteriorating profile in the most recent reported years: revenue contracted materially in 2020 versus 2019, while EBITDA and net losses were substantial and widening through 2018-2020, indicating the company burned through its 2017 capital without achieving profitability. The leadership team is led by CEO Patrick Witcher and CFO Edward Jonasson; no other management detail, board composition, or investor roster is disclosed in the available data. The company's website (mjardin.com) presents as a non-functional loading page, which itself suggests either an operational disruption or a marketing underinvestment — a notable concern for diligence.

MJardin Group firmographics

Firmographics
Name
MJardin Group
Website
https://mjardin.com
Company type
Private
Founded year
2012
Headcount range
101–250 employees
Short description
MJardin Group is a Denver-based, privately held multi-state cannabis operator founded in 2012, managing licensed cultivation, processing, and retail operations across U.S. states. The company grew via acquisitions funded by $34M raised in late 2017.
Ownership category
akta.pro rank

Where MJardin Group is headquartered

Location

Headquarters

HQ city
Denver
HQ country
United States
HQ region
North America

Markets served

MJardin Group business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain

MJardin Group product offering

Product offering

Core offering

MJardin Group is a highly specialized professional operating company that manages and operates a portfolio of businesses. The company has executed an acquisition-led growth strategy, acquiring companies such as GrowForce and GreenMart of Nevada. It functions as a parent operating entity overseeing specialized business units.

Differentiator

Problem solved

Functional benefit

Companies that use MJardin Group

Customer profile

Ideal customer profiles1 record

MJardin Group technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

MJardin Group partnerships and signals

Strategic signal

Recent moves4 records

Expansion highlights3 records

MJardin Group competitors and assessment

Company assessment

Direct peers

  • Columbia Care: US multi-state cannabis operator with vertically integrated cultivation, processing, and dispensary operations; comparable in cross-state licensing and cultivation-driven model.
  • Trulieve Cannabis: US multi-state operator with deep cultivation base and retail-led growth model; comparable as a cultivation-heavy operator expanding across state lines through acquisitions.
  • Vireo Health International: US-based multi-state cannabis operator with physician-scientific orientation and cultivation/processing/retail assets; comparable as a smaller MSO with multi-jurisdiction licensed operations.
  • Curaleaf Holdings: Largest US multi-state cannabis operator by retail count, combining cultivation, processing, and dispensaries; comparable as a scaled, vertically integrated peer pursuing the same roll-up playbook.
  • Green Thumb Industries: US multi-state cannabis operator with cultivation, processing, and retail across multiple states; comparable as a similarly vertically integrated cannabis roll-up targeting scale across licensed jurisdictions.
  • 4Front Ventures: US multi-state cannabis operator focused on cultivation, manufacturing, and retail; comparable as a mid-sized, cultivation-anchored MSO pursuing multi-state expansion.
  • Cresco Labs: US multi-state operator with cultivation, manufacturing, and retail (Sunnyside) footprint; comparable in vertical integration strategy and acquisition-driven expansion into limited-license states.
  • Acreage Holdings: US multi-state cannabis operator with cultivation, processing, and retail assets; comparable as a roll-up-style operator aggregating state-licensed cannabis businesses.
  • MedMen Enterprises: US cannabis retail-focused operator with multi-state dispensary presence and cultivation/processing capabilities; comparable as a multi-state operator with shared exposure to retail execution and capital-constrained scaling.
  • iAnthus Capital Holdings: Multi-state cannabis operator with cultivation, processing, and retail assets that underwent restructuring; comparable as a similarly positioned mid-sized MSO that struggled with capital structure and scale.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

MJardin Group social profiles

Digital presence

MJardin Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

MJardin Group leadership team

Management profile

Number of profiles

Profiles2 records

MJardin Group funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

MJardin Group M&A and investment

M&A and investment

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MJardin Group

What does MJardin Group do?

MJardin Group is a highly specialized professional operating company that manages and operates a portfolio of businesses. The company has executed an acquisition-led growth strategy, acquiring companies such as GrowForce and GreenMart of Nevada. It functions as a parent operating entity overseeing specialized business units.

When was MJardin Group founded?

MJardin Group was founded in 2012. It employs 101 to 250 people.

Where is MJardin Group based?

MJardin Group is headquartered in Denver, United States, in the North America region.

Who are MJardin Group's main competitors?

Direct peers on record are Columbia Care, Trulieve Cannabis, Vireo Health International, Curaleaf Holdings, Green Thumb Industries, 4Front Ventures, Cresco Labs, Acreage Holdings, MedMen Enterprises and iAnthus Capital Holdings.

Does MJardin Group have an API?

No public API is recorded for MJardin Group.

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Live signals
GlobeNewswireCourt Appoints KSV Restructuring as Receiver and Manager of MJardin Group, Inc.The Ontario Superior Court appointed KSV Restructuring as receiver and manager of MJardin Group, Inc. on March 23, 2022, following a demand notice from senior creditor PwC. The receivership aims to stabilize MJardin's business and allow time to consider restructuring options, with PwC prepared to provide funding.GlobeNewswireMJardin Group, Inc. Announces Revised Timeline for US SISPMJardin Group extended the final bid deadline for its US SISP, with new dates set for October 29, November 1, and November 15, 2021. The timeline applies to the Company's US financial assets, and interested parties were invited to contact the company for further information.GlobeNewswireMJardin Group, Inc. Announces Revised Timeline for SISPMJardin Group extended the final bid deadline for its sale and investment solicitation process (SISP). The new timeline sets non-binding indicative bids for September 28, 2021, short-listing on October 1, and final bids on October 15, 2021.GlobeNewswireMJardin Group, Inc. Provides a Special Committee UpdateMJardin Group updated its special committee, which now includes Anthony Dutton and Blair Jordan, after Adrian Montgomery stepped down. The committee engaged Restructur Advisors for restructuring advice following PwC's appointment as receiver over Bridging Finance, a $155.8 million lender. No timeline is set for the strategic review.GlobeNewswireMJardin Group, Inc. Announces two new Board MembersMJardin Group announced that Blair Jordan and Anthony Dutton will join its Board of Directors, effective May 26, 2021, filling two vacant positions. Jordan brings restructuring and cannabis expertise, while Dutton has experience as a cannabis entrepreneur and investor.GlobeNewswireMJardin Group, Inc. issues statement regarding Bridging Finance Inc.MJardin Group announced that the Ontario Superior Court appointed PricewaterhouseCoopers as receiver over Bridging Finance, a significant secured lender. Bridging Finance owes MJardin approximately $155.8 million due in May 2022, and the company has sought waivers for repayment. MJardin will continue to monitor the situation.PR NewswireHarvest Health & Recreation Inc. Agrees to Acquire MJardin Group Asset to Expand Cultivation Capacity in NevadaHarvest Health & Recreation Inc. has signed a definitive agreement to acquire a 32,000 square foot cultivation facility in Cheyenne, Nevada, from MJardin Group for $35 million. The transaction is primarily financed by an existing lender and was partially funded at the end of 2019, with the balance due upon closing. This acquisition aims to enhance Harvest's vertical integration and profitability within its expanding Nevada retail footprint.GlobeNewswireMJardin Group Inc. Announces new Chief Financial OfficerMJardin Group appointed Edward Jonasson as Chief Financial Officer, effective November 1, 2019. Jonasson brings over 25 years of accounting experience, previously serving as VP Finance at The Stars Group. The company expects his experience to support its growth and mission.PR NewswireRapid Market Growth Leads Cannabis Companies to Security FirmsThe rapid growth of the global cannabis market, valued at USD 7.7 billion in 2016 and projected to reach USD 65 billion by 2023, is driving increased demand for security services across the industry. 3 Sixty Risk Solutions Ltd. announced a multi-year agreement to provide security services to MJardin Group's Canadian facilities, while Tilray, Inc. disclosed an agreement to acquire Natura Naturals Holdings Inc., gaining access to a 662,000 sq. ft. greenhouse cultivation facility in Ontario. Additional cannabis sector developments include Innovative Industrial Properties' USD 19 million property acquisition in Illinois, Charlotte's Web Holdings' reported tenfold increase in harvested hemp, and Canopy Rivers Inc.'s CAD 1.5 million equity investment in Herbert, a cannabis beverage and edibles brand platform.PR NewswireHigh-end Nature of the Cannabis Plant Drives Businesses to Security Services3 Sixty Risk Solutions Ltd. announced a multi-year service agreement to provide guarding and secure transport services to MJardin Group, including security patrols, equipment monitoring, and cannabis product transport at MJardin's facilities in Canada. The agreement represents continued growth in the emerging cannabis security sector, which has developed alongside the expanding legal cannabis market projected to reach USD 75 billion in U.S. sales by 2030. MJardin operates more than 550,000 square feet under cultivation with facilities across Canada, the U.S., and internationally.