Haywood Securities appointed as financial advisor for Company
LOS ANGELES and TORONTO, January 8, 2019—MJIC, Inc. (“MJIC” or the “Company”), California’s leading provider of integrated distribution and retail solutions for the cannabis industry, is pleased to announce that it has entered into an Engagement Agreement (the “Engagement Agreement”) with Haywood Securities Inc. (“Haywood”) outlining the general terms and conditions of a financial advisory arrangement anticipated to culminate in a public listing for the Company in early 2019.
The Engagement Agreement announced today aligns the Company with one of the top financial institutions in the North American legal cannabis industry. “We are excited to embark upon this important phase in MJIC’s growth trajectory with such a strong partner,” said Sturges Karban, Board Member and CEO of MJIC. “As MJIC continues to build out a fully-compliant cannabis infrastructure across California, Haywood will be an instrumental partner in accessing the public capital markets and procuring the strategic resources that we will need to replicate our disruptive distribution and retail model throughout the rest of North America.
Haywood, a leading Canadian independent investment bank, will act as the Company’s exclusive financial advisor, assisting in raising capital and identifying acquisition opportunities, including preparation for the public listing that is presently anticipated for early 2019.
MJIC, based in Commerce, California, is the first fully-licensed and integrated infrastructural and services platform for compliant cannabis. The Company services the needs of lawful operators across the supply chain, from the cultivator to the consumer, and from long-haul statewide commerce to the local last mile. MJIC augments this business-to-business value proposition with a growing portfolio of owned and operated retail operations located in major metropolitan markets throughout California and beyond, including brick-and-mortar dispensaries and local on-demand delivery services, as well as e-commerce and subscription offerings. To learn more, please visit: www.mjic.com.
Forward Looking Statements
This press release may contain “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements regarding our business that are not historical facts are forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in these forward-looking statements are reasonable, these statements are not guarantees of future results, performance, levels of activity or achievements, and actual results may differ materially from what is expressed or implied in any forward-looking statement. We caution you not to place undue reliance on these forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of an unanticipated event. New factors emerge from time to time, and it is not possible for management to predict all factors that may affect our business and prospects. Further, management cannot assess the impact of each factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.