News Release: Telkwa Update Maple Leaf Begins Constructing the Building Structure on its Telkwa, British Columbia Facility
2018-04-17 18:09 ET - News Release
CALGARY, Alberta, April 17, 2018 (GLOBE NEWSWIRE) -- Maple Leaf Green World Inc. (“Maple Leaf” or the “Company”) (TSXV:MGW) (OTCQB:MGWFF) is pleased to announce that it has received a progress report from the Company’s project manager, MMP Management Ltd. (“MMP”), for the Company’s proposed cannabis cultivation facility located in Telkwa, British Columbia (the “TelkwaFacility”). The foundation of the Telkwa Facility is completed and Rethinking Construction (“Rethinking”) has commenced the installation of the building structure for the Telkwa Facility. Rethinking anticipates that the installation of the building structure for the Telkwa Facility will take approximately 1 month to complete, after which interior installations are expected to begin.
A time lapse camera will be installed at the site of the Telkwa Facility. The time lapse camera will provide live videos of construction progress and will be available on the Company’s website once installations are fully completed.
The board of directors of Maple Leaf (the “Board”) has approved the grant of 600,000 stock options to purchase common shares of the Company to a director and to an employee of the Company, subject to regulatory approvals. The options were issued at an exercise price of $0.70 per share, based on a 15% discount to the closing price of the Company’s common shares on April 17, 2018.