MJardin Group, Inc. (CNSX:MJAR) announced that the board of directors of the company has formed a special committee (the ‘Special Committee') of independent directors to explore, review and evaluate a broad range of strategic alternatives for the Company due to its limited capital resources with a view to identify a transaction that is in the best interests of shareholders. These alternatives may include continuing as a standalone public company, going private, undertaking a recapitalization or other restructuring transaction, or being purchased by a strategic partner. The Special Committee is being chaired by Adrian Montgomery, includes James Lowe, and its financial advisor is Canaccord Genuity Corp.

The Company has not made any decisions related to strategic alternatives at this time and there can be no assurance that the evaluation of strategic alternatives will result in any transaction or change in strategy. The Company does not intend to comment further unless and until the Board of Directors of the Company has approved a specific course of action or the Company has determined further disclosure is appropriate or necessary.