MJARF - MJardin: Lack Of Strategic Focus Costed RTO Investors (Initiating)
Welcome to our Discover Cannabis series, where we publish in-depth research to introduce new cannabis companies to our coverage.
Overview
MJardin (MJARF) is a Colorado-based cannabis company that operates cultivation and retail operations in the U.S. and Canada. Historically, the company has focused on managing facilities for third-parties but has since pivoted towards affiliated operations instead of unaffiliated third-parties. The company began trading on the CSE on November 15 and its stock has dropped 70% from the private financing round as part of the RTO. The significant underperformance in the market is likely