June 20th company news release
Maple Leaf Green to complete Nev. building installation
2017-06-20 16:12 ET - News Release
Mr. Raymond Lai reports
MAPLE LEAF GREEN WORLD INC. PROVIDES AN UPDATE ON ITS AMERICAN MEDICAL CANNABIS OPERATIONS
Maple Leaf Green World Inc. has provided the following update of its California and Nevada cannabis operations.
Nevada
Maple Leaf has completed the purchase of four acres of industrial land in the city of Henderson, Nev., as announced on Jan. 30, 2017. Management expects to make a formal application to the City of Henderson in early July after the architectural blueprint has been prepared by Paramount Structures Inc. for the Nevada facility. The Nevada facility satisfies the minimum separation standards for protected uses of the City of Henderson, and has met the applicable preliminary requirements for a medical marijuana establishment -- cultivation facility -- as previously announced on Feb. 22, 2017. Management of the company expects that the transfer of an existing cultivation permit held by BioNeva Innovations of Henderson LLC to MGW will be approved by the special committee of the City of Henderson and that the company will be notified of approval after the special committee meeting in early July, 2017. Upon approval of the permit, prefabrication of the 20,000-square-foot Nevada facility is expected to commence, and the installation of the on-site modular building is expected to be completed by year-end.
California
Maple Leaf is preparing for expansion of the company's greenhouse facility site in Southern California by ordering a modular home to be installed. The California facility will benefit from the modular home installation to house additional staff required by the expansion plan.
Maple Leaf is also in the process of acquiring land in the San Bernardino county to apply for a medical cannabis cultivation permit. This is part of Maple Leaf's expansion plan as the company awaits for the legalization of medical cannabis cultivation facilities in the San Diego county. The company will not cultivate any medical cannabis in San Bernardino until all requisite regulatory approvals have been obtained.
The company's joint venture non-profit co-operative in California also reported that it has realized revenue of approximately $220,000 (U.S.) from last year. The harvesting of the first crop of medical cannabis for 2017 is currently under way. Details of the harvesting and the cultivation plan for the rest of this year will be announced later when information is available.
About Maple Leaf Green World Inc.
Maple Leaf is a public Canadian company that focuses on the cannabis industry in North America. The company currently operates three cannabis projects in British Columbia, California and Nevada. With over 10 years of extensive greenhouse management experience, it applies its ecoagriculture knowledge and cultivation technology to produce contaminant-free organic cannabis products. Maple Leaf's long-term objective is to produce cannabis oil and export its products to approved countries.
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