My understanding (which might out of date) is that the Picard show is going to be in it's own "semi-canon" universe where even the events of TNG won't necessarily be acknowledged.
Uh What? No official source has said that.
The only official information released about the setting so far, is that it is around 20 years after the last time we saw Picard (so Nemesis) and that it isn't a reboot.