Organic Cannabis Cultivation Projects in California, Nevada and B.C.
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Maple Leaf Green World (OTCQB:MGWFF) is a North American company leveraging a decade of extensive greenhouse management experience, eco-agricultural knowledge, and cultivation technology to produce organic cannabis products. The company has one producing operation in California, one near-term production operation in Nevada, and a Stage 5 Access to Cannabis Medical Purposes Regulations (ACMPR) project in British Columbia. Maple Leaf also has plans to develop CBD oil products for export to global markets.
The North American cannabis market reached $6.7 billion in revenue in 2016, an increase of 30 percent over 2015, according to cannabis market research leader Arcview Market Research. That figure is expected to rise at a compound annual growth rate (CAGR) of 26 percent to reach $21.6 billion by 2021.
California, the sixth largest economy in the world, is pegged to be the cannabis capital for the North American market. The state’s medical cannabis market reached $2.7 billion in 2015, representing 62 percent of all medical marijuana sales in the country. California’s cannabis market is expected to grow exponentially as recreational marijuana store sales become legal at the start of 2018. Maple Leaf is working to position itself as a critical supplier to this market with plans for expansion at the California-based Woodmere greenhouse complex and at another potential facility in San Diego.
Nevada also recently legalized recreational cannabis and Arcview Market Research has projected that annual cannabis sales in the state will increase at a CAGR of 51 percent between 2016 to 2020 reaching an estimated $630 million. Home to Las Vegas, one of the continent’s top tourist and entertainment destinations, the state offers compelling investment opportunities. Maple Leaf is in the process of securing a cultivation license and property in Nevada and expects to be producing in the state by the end of 2017.
Canadian Prime Minister Justin Trudeau is set to introduce legislation to legalize marijuana in Parliament in the spring of 2017. Deloitte’s recent report, titled “Recreational Marijuana: Insights and Opportunities”, pegs the total market size potential for legalized marijuana in Canada at $22.6 billion. Maple Leaf is now preparing its B.C.-based project for Health Canada’s Pre-Licensing Inspection, the final step in the cultivation licensing process.
Maple Leaf’s Vice President of Operations Joe Wong is a highly-skilled horticulturist with decades of experience in nursery production and greenhouse systems. He is the founder of Woodmere Nursery in British Columbia, which won the prestigious Northern Forest Innovator’s Award.
- Highly-skilled growers with years of eco-agricultural experience.
- Targeting combined annual production capacity of 20,000 kilograms of organic cannabis in North America.
- Focused on developing new strains with higher cannabidiol levels to produce quality organic cannabis for the production of medical-grade CBD oil.
- Producing in California at 2 greenhouses on 20-acre land package with capacity for additional greenhouses; expansion in progress.
- Currently applying for a cultivation license in the San Diego area.
- Permitted for 33,500 sq ft facility 15 miles from Las Vegas, Nevada.
- Stage 5 ACMPR Project in British Columbia, planning for Pre-License Inspection.
- Tight share structure.
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California: Producing in North America’s Cannabis Capital
Maple Leaf Green World’s California operation is a joint venture with a non-profit co-operative formed under state legislation to supply its members with medical marijuana. The operation includes 2 greenhouses on a 20-acre land package with the capacity for an additional 98 greenhouses.
Production began in September 2016 under the direction of key personnel with extensive experience with cannabis growing operations in the United States. Harvesting of the operation’s first two crops was completed in December 2016. Total production was reported at 300 pounds, which was 50 percent higher than management’s target forecast.
In 2017, the company plans to begin harvesting on a 2-month cycle and is targeting $1 million in annual revenue per greenhouse operation. The company intends to expand its California-based operations by building nine more greenhouses in 2017 and is also in the process of applying for a cultivation license in the San Diego area.
Nevada: Near-term Production in Premiere Entertainment Destination
Maple Leaf is in the process of securing licensing and property for a 33,500-square foot facility to be located in the city of Henderson which lies 15 miles southeast of Las Vegas, Nevada. The company is soon to acquire an existing cultivation permit from BioNeva Innovations.
Maple Leaf expects to begin construction of the facility in Q2 2017 with operations beginning in Q 1 2018 and at least one harvest completed before the end of the year. Maple Leaf’s Nevada facility will have the capacity to produce 5,000 pounds per year with the first full-year of production projected to generate revenue of approximately US$10 million.
In November 2016 Maple Leaf Green World announced that Matt Berger also known as Bubba Kush has joined Maple Leaf as the Chief Grower for its Nevada marijuana project. He will be personally overseeing the cultivation process at the Nevada site. Bubba Kush is a formidable figure in the cannabis industry and he has plans to bring his most prized genetic cannabis strains to California and Canada for the company.
British Columbia: Final Stage for ACMPR License
Maple Leaf Green World’s B.C. based operation is in the final stages of Health Canada’s Access to Cannabis Medical Purposes Regulations (ACMPR) application process. With the help of cannabis-based business consultancy TheraCann International Benchmark Corporation, the company is updating the application to include additional extraction and cannabis oil production requirements under current ACMPR standards.
Following the completion of this process, renovation work will begin for a greenhouse operation in Telkwa. B.C., in preparation for the Preview License Inspection—the last step toward obtaining a cultivation license in Canada.
Maple Leaf has a lease-agreement with Woodmere Nursery Ltd. for 80,000 square feet of greenhouse space as well as access to Woodmere’s equipment and laboratory for three years. The company has the option to purchase the entire 300,000-square foot computerized greenhouse complex upon receipt of conditional approval of a ACMPR license from Health Canada. A greenhouse complex of this size allows for the customization of growing regimes and cropping cycles.
Maple Leaf is targeting annual production of 7,000 kilograms in the first year for a projected revenue of $27 million and $35 million thereafter, at current market prices. Net profits (before tax) are estimated at $17 million for the first year and $22 million thereafter accounting for an average operating cost of 35 percent.
The Woodmere greenhouse complex is located 350 kilometers east of the port city of Prince Rupert, B.C., along the CN rail line, offering strategic access to potential foreign markets.
Raymond Lai, CMA, B.Com— President, CEO and Chairman of the Board
Raymond Lai has been a successful key executive for public companies in the manufacturing, mining and packaging industries for over 10 years, and has been instrumental in securing public and private corporate financing both domestic and international. Lai has been a registered member of the Certified Management Accountant Society for over 25 years.
Joe Wong, M.Sc. B.Sc. Dip. BCIT— Vice President of Operation, Canada and Director
Joe Wong is a highly experienced horticulturist who over the 30 years has focused on improving nursery production and greenhouse systems, and growing quality seedlings. He began his agriculture nursery career with the B.C. Ministry of Forests in 1978. In 1985, Wong started Woodmere Nursery. He managed the design and construction of a greenhouse facility with initial crop production of 2.5 million containerized seedlings per year and has now increased these operations to growing 12 million seedlings annually. He has extensive experience assisting field silviculturists in improving reforestation success from seed collection to planting through implementation of research trials and analysis of plantation failures. He has reduced costs for silviculture programs by reducing the usage of seeds, growing crops with less energy and reducing the time to grow certain species. Wong has been Involved throughout his career in genetic improvement and research on the benefits of ectomycorrhizae symbiotic relationships in reforestation and afforestation. Under his leadership, Woodmere Nursery won the prestigious Northern Forest Innovator’s Award for its research into improving germination of subalpine fir trees (Abies lasiocarpa).
Greg Moline, B.Com. —Director
Greg Moline is President and CEO of High Brix Manufacturing Inc. based in Leduc, Alberta. Moline successfully managing and operated two uniquely diverse businesses. He began his own construction company in Edmonton which has been in operation for twenty-five years. His roots in farming led Moline to become involved with a soil-testing laboratory, introducing him to a new world of soil and plant health discoveries. With such knowledge on hand, he has spent the past seven years in manufacturing, distributing, and educating farmers in various parts of the world on the revolutionary science in agriculture.
Najbullah “Naj” Alizada has over 16 years of technology, sales, and marketing experience. As current President of Instalogic Inc., Alizada oversees the operations, development, and marketing of the organization, including overseeing more than 200 custom projects and over 500 ongoing service accounts. He readily identifies strategic markets and opportunities for Instalogic, leading to unique cutting-edge projects such as InstaTable Inc. (restaurant reservations application and technology), IQuRe Inc. (charitable donations application and technology), and SoftAlive Inc. (internal complete project management software technology). His vision, expertise, and focus on growth have fostered his organization’s expansion and success.
Ivan Ross Vrána—Advisor
In 2008, Mr. Vrána worked with Health Canada leading the policy team that developed the MMPR program that replaced the prior MMAR program. In 2012, he left Health Canada to start Aslan Ross Consulting, which helps organizations formulate plans and interact with the Canadian government.
Brian Patterson – V. P. Operation, California
Brian Patterson was involved in developing Real Estate before 2009 and since has concentrated on developing and building cold frames (greenhouse without heating system) for Medical Marijuana in California. He was the Executive Producer of a 2012 documentary about medicinal cannabis entitled “American Drug War 2 – Cannabis Destiny”. While making the film, he spent over 100 hours interviewing cannabis doctors in the United States and investigating the medicinal properties of the plant. He has also attended multiple conferences held throughout the U.S. with doctors and nurses regarding the endocannabinoid system and has extensive knowledge of how the different THC and CBD cannabinoids in combination with their terpenes profiles affect the human body through the CB1 and CB2 receptor system.
Dillion Patterson – Chief Grower, California
Dillon Patterson began his career in Horticulture and Cannabis in 2008. He has extensive practical experience in managing greenhouse operations and in all aspects of cultivating and processing marijuana.
Bill Monroe – Manager, Nevada Operation
Bill Monroe has nearly a decade of experience in the cannabis industry and has developed excellent connections in Nevada for the distribution and sale of cannabis products. He is also a national board member of the National Council of the Cannabis Chamber of Commerce.
Matt Burger (Bubba Kush) – Chief Cultivation Officer, Nevada
Bubba Kush is a widely recognized figure and significant contributor to the cannabis industry. He has been cultivating cannabis for 25 years, developing genetics, gathering awards, and starting various cannabis-related businesses along the way. He has co-founded The Cannaseur Dispensaries in Colorado and has built out, managed and operated several cannabis cultivation facilities. He is credited with discovering (and naming) the Kush in 1992, which later became known as OG Kush, the strain that High Times Magazine named the “#1 Cannabis Strain of All Time”. Matt is also credited with creating the Purple Kush and Bubba Kush strains from the Kush and from his original cut of the “Bubba”. The history of Mr. Matt Berger can also be found on You Tube under the heading “History of Bubba Kush”.
Paul Holbert – Chief Technology Officer , Nevada
Long time partner with Matt Bubba Kush Berger who co-founded one of the first dispensaries in Denver, Colorado, the original Cannaseur Dispensary and has built, managed and operated several cannabis cultivation facilities.
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