Maple Leaf Green World (MGW-V) is pleased to announce that it has received notice from Health Canada that its application to become a licensed producer under the Access to Cannabis for Medical Purposes Regulations (“ACMPR“) has progressed to the Review stage, which is Stage 5 of the seven stages process established under the ACMPR. The Company is now in a position, among other things, preparing their facility site at Telkwa, B.C, with the goal of preparing for a pre-license inspection by Health Canada.
The Company also like to confirm that it has decided to terminate the non-brokered private placement of up to $2 million in convertible debentures, which was announced on December 6, 2016. Since that announcement, Maple Leaf has determined that other sources of financing are available to it in sufficient amounts to allow the Company to fund the proposed expansions of its operations in Nevada and California. Further details of the new financing arrangements will be provided as soon as the terms thereof are finalized.
For further information regarding Maple Leaf Green World Inc., please visit the www.mlgreenworld.com.
About Maple Leaf Green World Inc.
Maple Leaf Green World Inc. is a Canadian company that focuses on the cannabis industry in North America. With over 10 years extensive greenhouse management experience, it applies its eco- agriculture knowledge and cultivation technology to produce contaminant free organic cannabis products . The Company is currently involved in three cannabis projects:
Canada – The Company has applied for a ACMPR license for a 80,000 sq ft greenhouse complex in B.C. in August 2014 and has been in Stage 4 (Security Clearance) with Health Canada since December 2015.
California – The Company is in a joint venture with a Non- Profit Co-Op to cultivate cannabis for its members. The Company owns 20 acres of land and has 2 greenhouses in production since September 2016. The site on which the joint venture operates has capacity for additional greenhouses. Maple Leaf is also in the process of applying for a cultivation license in San Diego area.
Nevada – The Company is in the process to acquire a cultivation permit for a 33,500 sq ft facility from an existing licensee and has plans for a facility operating in the city of Henderson, 15 miles from Las Vegas.
Maple Leaf’s long term objective is to produce cannabis oil and export its products to approved countries.