As of market open this morning,
Maple Leaf Green World Inc. (
NEO: NMGW,
OTC: MGWFF,
Forum) is now trading on the NEO Exchange under the new symbol
N.MGW, graduating its corporate listing from the TSX Venture Exchange.
The company enters the day with a market cap of just over $118 Million, having closed its last day on the TSX-V on April 19 at $.79, with 149,424,603 shares outstanding. U.S. shares also trade on the OTC markets under the symbol MGWFF.
Maple Leaf is a public Canadian company that focuses on the cannabis industry in North America, currently operating cannabis projects in British Columbia and Nevada.
In Canada, the company is currently at stage 5 review of the ACMPR application and is in the process of building a new state of the art growing facility at Telkwa, B.C.
In the U.S., it is pursuing opportunities within the medical cannabis industry that have legalized marijuana. It is currently holding a cultivation license in Nevada and building a growing facility in Henderson, Nevada for that license.
Mr. Raymond Lai, Chairman, President and CEO of Maple Leaf Green World commented on today’s IPO:
“At Maple Leaf Green World Inc., we are on track to become Canada’s next licensed producer under the Access to Cannabis for Medical Purposes Regulations. We are in the process of building a new state-of-the-art cannabis cultivation facility in Telkwa, British Columbia and we are also in the process of obtaining a building permit from the City of Henderson to build a cannabis cultivation facility in Henderson, Nevada. Maple Leaf continues to look for further development opportunities and is excited for the future,” stated Mr. Lai,
“As we prepare for this next growth stage of our business, we understand the vital importance a senior listing brings in order to access capital and maintain credibility. By listing on NEO, the Company is excited to benefit from the NEO Exchange’s streamlined and well-thought through review approach towards publicly listed companies, liquidity provision services, and expansive investor reach programs.”
Business Strategy Highlights include:
- Acquire requisite licenses and well-equipped facilities in both Canada and U.S.A. and diversify into any Cannabis related industry.
- Grow pesticide-free, top-grade marijuana from contamination-free soil through strong quality assurance program.
- Develop new cultivation methods in order to reduce cost and increase production.
- Develop new strains that have higher cannabidiol (CBD) than THC.
- Become a commercial supplier of propagules (seeds and cuttings) with high CBD to other growers, thus provide a second source of revenue for the company.
- Emphasize quality and non-contaminated MJ for Cannabis Oil production which can be used for medical and edible purpose.
“We are very happy today to welcome Maple Leaf as the first company to graduate its listing to our senior exchange. This is the first TSXV-listed company to apply and meet our exchange listing criteria,” stated Jos Schmitt, President and CEO, NEO.
“By listing with us, Maple Leaf will be able to leverage many of the benefits that make our exchange a better choice. Our streamlined liquidity-and disclosure-based listing model, liquidity provision programs and investor communication services exemplify our unwavering dedication to meeting the needs of public companies and their investors. We look forward to building our relationship with Maple Leaf to NEO and being their partner in capital markets success.”
The company welcomes media and investor questions:
Contact Information
Mr. Raymond Lai
Chairman, President and CEO
E: rlai@mlgreenworld.com
P: 403.452.4552
https://www.mlgreenworld.com/
About NEO Exchange
The NEO Exchange (NEO) is Canada’s next generation stock exchange, putting the needs of investors, businesses looking to raise capital and dealers first. Launched in March 2015, the NEO Exchange currently offers an innovative trading venue to trade all Canadian securities. It also has a value added listing platform for capital raising companies and investment products, offering unique liquidity, transparency and efficiency benefits.
Media Contact:
Adam Bornstein
NEO Exchange
E:
adam@NEOstockexchange.com
P: 905.505.2540
FULL DISCLOSURE: Maple Leaf Green World Inc. is a paid client of Stockhouse Publishing.