CALGARY, Alberta, April 27, 2020 (GLOBE NEWSWIRE) — Maple Leaf Green World Inc. (“Maple Leaf” or the “Company”) (NEO: MGW, OTCQB: MGWFF) is pleased to announce that all six (6) greenhouses for its CBGhemp project in California are complete and fully operational. The six (6) new greenhouses include a 2000 sq. ft. nursery used for:
Housing mother plants
And crossbreeding strains
This completes a total growing capacity of 17,000 sq. ft. An additional 10,000 sq. ft. of land has been cleared and is ready for further expansion.
Maple Leaf is also excited to announce that the shipment of La Crème seedlings arrived ahead of schedule and has been placed in the nursery. The seedlings are healthy and have been maturing for a week. La Crème is considered a top CBG strain due to its 18% CBG concentration with 0.20% THC. The Company will continue to search for other top-quality CBG strains, as well as strains with specific characteristics and traits for breeding.
Raymond Lai, President & CEO said:
“We are all very excited to reach this incredible milestone for our California Hemp Project. Our team has done a fantastic job of moving this project ahead while dealing with a global pandemic. We are looking forward to the next few weeks when we will be moving all the clones into the remaining greenhouses and starting a full cultivation operation.”
Production Capacity and Market Price
Maple Leaf’s main product line will include flowers, seeds and biomass. Clones will be made available per client request. The Company has also pleased to report that after closer inspection of the seedlings; we have observed strong growth and can comfortably double the number of clones clipped from each plant. This increases our original conservative estimate of 1,500 plants to approximately 3,000 plants. Each plant will yield approximately 2 lbs of cured flowers or 10,000 seeds with 90% feminine; and 3 lbs of CBG biomass.
The Company plans to begin propagation this week followed by new cuttings every 2 weeks as more nodes develop.
This will yield 3-5 clones biweekly per plant and totalling roughly 300,000 clones per year. The Company’s yearly production yield has estimated at approximately 18,000 lbs of cured flowers or 3,000 lbs of feminized seeds (1 lb contains approx. 27,000 seeds), and 27,000 lbs of CBG biomass. The current market price for La Crème has approximately $5 USD/clone, $400 – $800 USD/lb for cured flowers, $1 USD/seed, and $200/lb of CBG biomass.
The Company would also like to announce that website enhancements are underway to include a product and shopping module that will accept inquiries and online purchases for clones, seeds, cured flowers, and biomass of the La Crème strain. Additional strains will become available as we grow and breed Maple Leaf’s product line.
For further information and updates regarding the Company, please visit its newly designed website at www.mlgreenworld.com.