News Release: MGW Buys The 37 Acres in Telkwa 2019-01-11 17:35 ET - News Release
Mr. Raymond Lai reports
MAPLE LEAF GREEN WORLD INC. HAS EXERCISED THE OPTION TO PURCHASE THE LAND FOR ITS CANNABIS CULTIVATION FACILITY AT TELKWA, B.C.
Maple Leaf Green World Inc. has exercised the option to acquire the approximately 37 acres of leased land containing its cannabis cultivation facility in Telkwa, B.C., from Woodmere Nursery Ltd. for a fixed price of $500,000. The company has also retained a consultant to apply to the B.C. Agricultural Land Commission for the subdivision of the original parcel of land owned by Woodmere Nursery. Upon completion of the subdivision process, the property will be transferred to the name of the company.
The company has also agreed to settle an outstanding lease payment with Woodmere Nursery in the amount of $60,000 by the issuance of 387,096 shares of the company's common stock at a deemed price of 15.5 cents per share. These shares will be issued upon the approval from NEO Stock Exchange.