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Maple Leaf Green World Inc. N.MGW

"Maple Leaf Green World Inc and its subsidiaries focus on the cannabis industry in North America. It operates or funds three cannabis projects, in British Columbia, California, and Nevada. The company applies its eco-agriculture knowledge and cultivation technology to produce contaminant-free organic cannabis products."


NEO:MGW - Post by User

Bullboard Posts
Post by Micster1on Feb 28, 2018 8:26am
220 Views
Post# 27634505

Maple leaf provides further detail

Maple leaf provides further detail

Maple Leaf Provides Further Details On The Transfer Of Its Listing To The Aequitas NEO Exchange Inc.

Wednesday, February 28, 2018

 

Maple Leaf Provides Further Details on the Transfer of its Listing to the Aequitas NEO Exchange Inc.

08:00 EST Wednesday, February 28, 2018


CALGARY, Alberta, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Maple Leaf Green World Inc. (“Maple Leaf” or the “Company”) (TSX-V:MGW) (OTCQB:MGWFF) is pleased to provide further information to the Company’s press release dated February 27, 2018, in connection with the Company’s proposed transfer of the listing of its common shares (“Common Shares”) to the Aequitas NEO Exchange Inc. (the “NEO Exchange”).

WHAT IS THE NEO EXCHANGE? 

The NEO Exchange is a recognized Canadian stock exchange for non-venture issuers. It has been operating since mid-2015 and was launched with the stated purpose of providing Canadians with a stock exchange that puts the interest of capital-raising companies, investors and their dealers first. Today, the NEO Exchange represents close to 10% of all volume traded in Canadian-listed securities, has more than 60 listed ETFs and is actively working on expanding its corporate listings. For example, Cannabis Strategies Acquisition Corp. (CSA.A) has common shares, rights and warrants listed on the NEO Exchange and Nobilis Health (HLTH) recently announced its intention to cross-list on the NEO Exchange.

Moving from the TSX Venture Exchange (the “TSXV”) to the NEO Exchange is, in the Company’s view, an important milestone for MGW, recognizing its accomplishments since going public. The NEO Exchange seeks to list senior companies because it believes companies need to be truly ready before they go public. This comes with stringent listing requirements, and a strong focus on liquidity and disclosure.

WHY HAS THE COMPANY DECIDED TO MOVE TO THE NEO EXCHANGE? 

The Company made the decision to voluntarily delist from the TSXV and migrate to the NEO Exchange first and foremost because of the streamlined, disclosure-based listing guidelines provided by the NEO Exchange and as a result of the Company’s business activities in U.S.A. In management of the Company’s view, the NEO Exchange has an exceptional focus on understanding and helping meet the needs of public companies. The NEO Exchange’s stated value proposition is simple: focus on reliable liquidity; help its listed companies maximize investor awareness; leverage a streamlined disclosure-based listing process; and provide value for money. As a company deeply entrenched in the North American cannabis sector, it was important for management of the Company to select to partner with an exchange that has clear views on where it stands in relation to the industry. 

DID THE TSXV DELIST THE COMMON SHARES?

Maple Leaf Green World is voluntarily delisting from the TSXV. The Company made the decision to delist from the TSXV and migrate to the NEO Exchange so that it has the flexibility to develop its business operations in the United States leveraging a Canadian stock exchange. 

WILL THE COMPANY’S TICKER SYMBOL CHANGE?

Maple Leaf will continue to trade under the symbol “MGW” when it lists on the NEO Exchange.  

DO I NEED TO SELL MY POSITION AND BUY BACK ON THE NEO EXCHANGE? 

A change in listing exchange is not expected to have an impact on the ownership positions of existing shareholders. Ownership positions that were built up through the TSXV will continue to exist when MGW migrates to the NEO Exchange. Trading in the Company’s stock is anticipated to continue uninterrupted throughout the graduation.

ARE ANY CHANGES IN THE AVAILABILITY OF TRADING INFORMATION EXPECTED? 

The NEO Exchange market data will be available through all major market data providers in Canada and abroad, both top of book and full market depth. Should you have any questions, the NEO Exchange has an investor help line available: +1 844-567-6424. 

Real-time market data, including depth of book, is also available on the NEO Exchange’s website: https://www.aequitasneo.com/en/single-security/MGW

DOES IT COST MORE TO TRADE SECURITIES ON NEO? 

Trading a NEO Exchange listed security on the NEO Exchange is not anticipated to impact the cost of trading for investors.

For further information on the NEO Exchange, please visit www.aequitasneo.com. 

For further information regarding the Company, please visit www.mlgreenworld.com.  

 

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