CALGARY, Alberta, March 19, 2019 (GLOBE NEWSWIRE) -- Maple Leaf Green World Inc. (“Maple Leaf”
or the “Company”) (NEO: MGW, OTCQX: MGWFF) announces that the Company has entered into a
consulting agreement (the “Agreement”) with a Dutch company DHC B.V. (“DHC”). There are TWO main
areas in the agreement:
- Assisting the Company to obtain financing
Pursuant to the Agreement, DHC will introduce persons and entities that might be interested to participate in
one or more shares, preferred shares or other shares, debt or convertible debt financing(s) of Maple Leaf of CAD$ 10,000,000 dollars
(the “Funding”). Upon completion of the Funding DHC will work with Maple Leaf to complete and secure the federal licenses for the
Telkwa facility, optimize the design of the Telkwa-facility within the already realized construction and circumstances, supervise
the cultivation activities of Maple Leaf projects.
Upon successful closing of the Funding, Maple Leaf has agreed to issue five million shares of Maple Leaf’s
capital to DHC at a fixed price of $0.20 per share (hereinafter called “1st Funding Shares”) in the proportionate share of the
amount of funds received by Maple Leaf i.e. one 1st Funding Share will be issued for every CAD$2 dollar received by Maple Leaf from
the Funding. There will be no further compensation paid to DHC or any of its associates in relation to the Funding and DHC will
bear all of its own expenses in connection with the Funding, except as may be otherwise pre-approved by Maple Leaf in the sole
discretion of Maple Leaf.
- Managing the Company’s Cultivation activities aiming to increase the production yield and
improve product quality.
DHC has also agreed to work with Maple Leaf in completing and licensing of the Telkwa-facility including
reasonable changes to its design or equipment and cultivation of cannabis. The targets for the production of Cannabis shall be
determined between Maple Leaf and DHC at a later date and included as an addendum to the Agreement. Such targets will be decided
between Maple Leaf and DHC after the Telkwa-facility becomes operational and targets for first 2 crops will be set (hereinafter
called the “1st Target” and the "2nd Target").
In consideration of a favorable outcome of 1st Target and 2nd Target, Maple Leaf has agreed to issue
to DHC a further 10,000,000 shares – 5,000,000 for each of the 1st Target and 2nd Target in the capital of
Maple Leaf.
The issuance of all Funding Shares will be subject to approval of NEO Stock Exchange and withholding Taxes
pursuant to Income Tax Act (Canada).
Maple Leaf will be the sole owner of any Intellectual Property specifically developed by DHC for an
implementation in a Maple Leaf facility during the course of DHC’s involvement with Maple Leaf.
About DHC BV
DHC is a Dutch joint venture of DHP (website: www.dhprollc.com) and HGA Garden (website: www.hgagarden.com), combining HGA's technical
know-how, product development and production with DHP’s 30 years of experience in large scale cultivation operations. This new
Dutch combination; DHC, therefore makes use of many years of experience in various areas of professional horticulture, resulting in
providing the state of the art facilities with incomparable yields. DHC is specifically set up to focus on the emerging market
of large-scale cultivation of cannabis and is continuously and passionately looking for innovation, efficiency and
optimization.
“We are excited by entering into a tight business relationship with DHC, they are not only assisting us to raise the necessary
funding with their international connections, we can also be ensured that our facilities are not only set up according to the
latest standards of professional horticulture, but also that our crops are supervised by professional experts, leading to high
quality yields” said Raymond Lai, President & C.E.O. of Maple Leaf.
For further information regarding the Company, 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 cannabis projects in British Columbia and Nevada. With over ten years of extensive greenhouse management
experience, the Company applies its eco-agriculture knowledge and cultivation technology to produce contaminant-free cannabis
products. Maple Leaf’s long-term objective is to produce cannabis oil and to export its products to approved countries. The
Company’s common shares are listed for trading on the Aequitas NEO Exchange Inc. under the symbol “MGW” and on the OTCQB market
under the symbol “MGWFF”.
Cautionary Statements
This press release includes certain statements and information that may be deemed “forward-looking
statements” within the meaning of applicable Canadian securities legislation. Such forward-looking information relates to future
events about Maple Leaf’s intended business plans and operations, including the entrance into the Agreement with DHC for raising of
funds and production of cannabis, as well as the Company’s Application. All information other than historical fact may constitute
forward-looking information within the meaning of applicable Canadian securities legislation.
Generally, forward-looking information can be identified by the forward-looking terminology such as “plans”,
“expects” or “does not expect”, “is expected”, “budget” or “budgeted”, “scheduled”, “estimates”, “projects”, “intends”, “proposes”,
“complete”, “anticipates”, or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain
actions, events or results “may”, “can”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”. Forward-looking
information is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of
activity, performance, or achievements of the Company to be materially different from those expressed or implied by such
forward-looking information, including but not limited to: risks related to the development and operation of the Company’s
projects, risks associated with general economic conditions, adverse industry events, marketing costs, loss of markets, future
legislative and regulatory developments involving medical and recreational cannabis, inability to access sufficient capital from
internal and external sources, and/or inability to access sufficient capital on favourable terms, the medical and recreational
cannabis industry in Canada and the United States of America and the jurisdictions where the Company operates generally, income and
sales tax and regulatory matters, competition, crop failure, currency and interest rate fluctuations, regulatory approvals
including approvals from municipal, provincial, county, state, and federal regulatory bodies in Canada and the United States of
America. Although the Company has attempted to identify important factors that could cause results to differ materially from those
contained in forward-looking information, there may be other factors that cause results to be materially different from those
anticipated, described, estimated, assessed, planned, or intended. Accordingly, such list of factors are not exhaustive. Additional
information on these and other factors which could affect the Company’s operations and financial results are discussed in the
sections relating to risk factors of the business filed in the Company’s required securities filings with applicable securities
commissions or other securities regulatory authorities and which may be accessed through the SEDAR website
(www.sedar.com).
Specifically, this press release includes, but is not limited to, forward-looking information with respect
to the Agreement with DHC raising of funds and production of cannabis and matters relating thereto, and the Company’s Application.
Forward-looking information necessarily involves both known and unknown risks and uncertainties that could cause actual result to
differ materially from those anticipated.
Although, the Company believes that expectations and assumptions reflected in the forward-looking
information are reasonable, there can be no assurance that any forward-looking information will prove accurate, and actual results
and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking information. These forward-looking statements are made as of the date of this press release and the
Company does not undertake to update any forward-looking information contained in this press release or that is incorporated by
reference herein, whether as a result of new information, future events or results or otherwise, except in accordance with
applicable securities laws.
For further information, please contact:
Maple Leaf Green World Inc.
Raymond Lai, Chairman, President & CEO
+1(403) 452-4552
rlai@mlgreenworld.com
www.mlgreenworld.com
Victoria Bostic
vbostic@mlgreenworld.com