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Bridging Finance Inc. And MJardin Announce Strategic Partnership To Establish Premier Infrastructure Financing Fund
TORONTO, Dec. 12, 2017 /CNW/ — Bridging Finance Inc. (“Bridging Finance”) and the MJardin Group (“MJardin”) are pleased to announce that they have entered into an agreement to establish an infrastructure fund, which will have a particular focus on private debt lending related to infrastructure and consolidation of entities within the cannabis sector.
The partnership brings together two of the most respected names in the private debt lending field and the cannabis sector. Bridging Finance is known as a leading provider of non-distressed private debt financing in Canada and has established itself as a leader in private debt infrastructure financing to First Nations. For its part, the privately held MJardin is known as a leading management company operating more licensed cultivation, processing and retail facilities than any other party in this sector throughout North America. Rishi Gautam, Chairman and Chief Executive Officer of MJardin, is well versed in this sector and brings over 15 years of previous experience in the investment industry having held various roles at Goldman Sachs, Lehman Brothers and Barclays.
We are very pleased to establish a strategic partnership with MJardin. We have built a close relationship with MJardin’s leadership team and admire its best-in-class operating capabilities and ability to create value for the facilities it manages. Bridging Finance will contribute capital, deal flow and enterprise-building resources to help leverage MJardin’s operating expertise across North America.
David Sharpe, Chief Executive Officer of Bridging Finance
We also believe this sector represents a tremendous opportunity for various First Nations throughout Canada and we look forward to working jointly with MJardin and First Nations in order to bring these opportunities to fruition and create wealth and employment.
“Partnering with Bridging Finance allows us to leverage the considerable strengths of both of our organizations,” said James Lowe, Co-Founder, Director and Chief Cultivation Advisor of MJardin. “Natasha Sharpe (Chief Investment Officer of Bridging Finance), David Sharpe and the entire Bridging Finance team have demonstrated keen judgment, innovative vision and have established themselves as leaders in the private debt sector in Canada. We look forward to working with Bridging Finance and expanding our existing platform throughout North America while preserving a hands-on, curated approach to managing the entire spectrum of licensed facilities. We also look forward to working collaboratively with various First Nations and assisting them in capitalizing on the great opportunities that lie ahead,” added James Lowe.
About MJardin Group
MJardin is a highly specialized professional operating company that develops partnerships with licensed operators. MJardin provides its partners turnkey cannabis cultivation and processing solutions including licensure support, facility design, systems implementation, facility ramp-up and the day-to-day operational management required in a large-scale, professionally managed cannabis facility. MJardin is headquartered in Denver, Colorado with an additional office in Toronto, Ontario. For more information, please visit MJardin.com.
For further information on MJardin:
Paul Wilken, MJardin Group: paul.wilken@MJardin.com, +1.720.613.4019
About Bridging Finance Inc.
Established in 2012, Bridging Finance is a privately held Canadian company providing middle-market North American companies with alternatives to the financing options offered by traditional lenders. Lending proceeds, typically ranging from $3 million to upwards of $50 million, are used by companies to address needs such as restructuring existing debt, providing working capital for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts. Bridging Finance is the co-manager of the Sprott Bridging Income Fund LP and the Sprott Bridging RSP Fund, which invest in factoring/private debt loans that have a low correlation to traditional asset classes. Bridging Finance also offers portfolio management services for institutional clients and currently manages approximately $600 million of assets. For more information please visit bridgingfinance.ca.
For further information on Bridging Finance Inc.:
David Sharpe, LLB, LLM, MBA, Chief Executive Officer, Bridging Finance Inc., C: (647) 981-5658, dsharpe@bridgingfinance.ca
