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Rights Issue and Shortfall
CALGARY, ALBERTA – Maple Leaf Green World (TSXV:MGW) (“Maple Leaf” or the “Company”) CALGARY, ALBERTA – Maple Leaf Green World (MGW-V) (“Maple Leaf” or the “Company”) is pleased to announce that, after careful consideration of other options, the Company intends to build a new facility for its Nevada operations, using the same site BioNeva Innovations of Henderson LLC (“BioNeva”) employed to obtain its cultivation permit (the “Permit”).
- Canada – The Company has applied for an ACMPR license for an 80,000 sq ft greenhouse complex in B.C. in August 2014 and is now in Stage 5 (Review) with Health Canada.
- California – The Company is in a joint venture with a Non- Profit Co-Op to cultivate cannabis for its members. The Company owns 20 acres of land and has 2 greenhouses in production since September 2016. The site on which the joint venture operates has capacity for additional greenhouses. Maple Leaf is also in the
process of applying for a cultivation license in San Diego area. - Nevada – The Company is in the process to acquire a cultivation permit for a 33,500 sq ft facility from an existing licensee and has plans for a facility operating in the city of Henderson, 15 miles from Las Vegas.
Maple Leaf’s long term objective is to produce cannabis oil and export its products to approved countries.
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