• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Cannabis Market
    Cannabis News
    Cannabis Stocks
    • Cannabis Market
    • Cannabis News
    • Cannabis Stocks
    cannabis investing

    Maple Leaf Seeks Financing For Its MJ Projects

    Matthew Spizziri
    Feb. 07, 2017 01:39PM PST
    Cannabis Investing News
    Cannabis Investing

    CALGARY, ALBERTA – Maple Leaf Green World (TSXV:MGW; OTCQB:MGWFF) announces that it intends to raise up to CAD $5 million in capital by way of a non-brokered private placement to accredited investors.

    CALGARY, ALBERTA – Maple Leaf Green World (TSXV:MGW; OTCQB:MGWFF) announces that it intends to raise up to CAD $5 million in capital by way of a non-brokered private placement to accredited investors. The proposed private placement consists of an offering of up to 7,150,000 units at a subscription price of $0.70 per unit, each unit being comprised of one common share and one common share purchase warrant (the “Offering”). Each warrant issuable in connection with the Offering will be exercisable at a price of $1.00 for a period of two years after closing. The minimum subscription for the Offering is 15,000 units. Although the private placement is non-brokered, Maple Leaf reserves the right to pay finder’s fees in connection with the Offering. Any securities issued pursuant to this Offering will be subject to restrictions on resale for a specified period of not less than four months after closing.
    The Company intends to use the net proceeds of the Offering for the Company’s various medical marijuana projects in Canada and the United States and for working capital. This non-brokered private placement is subject to review and acceptance by the TSX Venture Exchange.
    For further information regarding Maple Leaf Green World Inc., please visit the www.mlgreenworld.com.
    Read the full company profile.
    About Maple Leaf Green World Inc.
    Maple Leaf Green World Inc. is a public Canadian company that focuses on the cannabis industry in North America. With over 10 years of extensive greenhouse management experience, it applies its eco- agriculture knowledge and cultivation technology to produce contaminant -free organic cannabis products. The Company is currently involved in three cannabis projects:

    1. 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.
    2. 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 applying for a cultivation license in the San Diego area.
    3. Nevada – The Company is in the process of acquiring 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
    Neither the TSX Venture Exchange or its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
    Certain statements in this news release including (i) statements that may contain words such as “anticipate”, “could”, “expect”, “seek”, “may”, “intend”, “will”, “believe”, “should”, “project”, “forecast”, “plan” and similar expressions, including the negatives thereof, (ii) statements that are based on current expectations and estimates about the markets in which Maple Leaf operates and (iii) statements of belief, intentions and expectations about developments, results and events that will or may occur in the future, constitute “forward-looking statements” and are based on certain assumptions and analysis made by Maple Leaf. There is no assurance that sufficient financing can be raised or that permits will be available to allow the Company to carry out its current projects on a timely basis.
    Forward-looking statements in this news release include, but are not limited to, statements with respect to future capital expenditures, including the amount, nature and timing thereof; other development trends within the marijuana industry and the status of, and ability to capitalize on, opportunities available to the Company as well as the business strategy; expansion and growth of Maple Leaf’s business and operations and other such matters. Such forward-looking statements are subject to important risks and uncertainties, which are difficult to predict and may affect Maple Leaf’s operations, including, but not limited to: the impact of general economic conditions; industry conditions; the availability of equity or debt financing; government and regulatory developments including availability of requisite licenses; product supply and demand; competition; and Maple Leaf’s ability to attract and retain qualified personnel. Maple Leaf’s actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will occur, or if any of them do occur, what benefits Maple Leaf will derive therefrom.
    Contact:
    Maple Leaf Green World Inc. Raymond Lai
    Chairman, President & CEO
    +1(403) 452-4552
    +1(403) 452-6900
    rlai@mlgreenworld.com www.mlgreenworld.com
    Connect with Maple Leaf Green World (TSXV:MGW; OTCQB:MGWFF) to receive an Investor Presentation.

    maple leaf green worldjoint venturecannabis investingcanada
    The Conversation (0)

    Go Deeper

    AI Powered

    Aurora Cannabis Acquires MedReleaf Australia

    CSE:ACG

    Alliance Growers Announces Closing of Investment in New Maple Holdings Ltd

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Cannabis Investing News Stocks

    extractX

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×