News release 2017-10-05 09:18 ET - News Release
Mr. Raymond Lai reports
BIONEVA RECEIVES CONDITIONAL APPROVAL FOR MEDICAL CANNABIS ESTABLISHMENT AND CULTIVATION FACILITY FROM THE CITY OF HENDERSON, NEVADA
Further to Maple Leaf Green World Inc.'s previous press releases dated June 20, 2017, and July 25, 2017, BioNeva Innovations of Henderson, LLC has received conditional approvals from the city of Henderson, Nevada on Oct. 3, 2017, for: obtaining a medical marijuana establishment - cultivation facility - Class V (cultivation) business license for BioNeva for a facility to be located at 2000 Burns Rd., Henderson, Nevada, 89011 in the Pittman planning and eastside redevelopment area.
The company also requested a change of location of the proposed facility from 585 North Gibson Rd., Henderson, Nevada 89011 to 2000 Burns Rd., Henderson, Nevada 89011.
The approvals is subject to certain conditions that BioNeva is required to comply with all related city of Henderson building codes. BioNeva, which has already received a state of Nevada division of public and behavioral health medical marijuana establishment preliminary approval letter, will seek final approvals from the state of Nevada for the establishment of the proposed facility on the proposed site after this approvals from the city of Henderson.
Upon receipt of final approvals from the City of Henderson and the State of Nevada, the Company will begin the process of acquiring all outstanding shares of BioNeva (the "Acquisition"). As contemplated by the letter of intent entered into between the Company and BioNeva on November 8, 2016 and revised on June 15, 2017, the Acquisition will allow the Company to complete the purchase of an existing cultivation permit held by BioNeva.
All architectural and engineering designs and drawings for the Nevada Site have been completed by a Florida-based engineering company. Construction of the Nevada Site may begin as soon as the Acquisition is completed.
For further information regarding Maple Leaf Green World Inc., please visit www.mlgreenworld.com.
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 ten years of extensive greenhouse management experience, it applies its eco-agriculture 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. The Company's common shares are listed for trading on the TSX Venture Exchange under the symbol "MGW" and on the OTCQB market under the symbol "MGWFF".
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