Not Necessarily "Signed" could just be a bid/offer for the land. It doesn't say that the land owner has sold (past tense) the land to MCIG. There could be multiple bidders. Why didn't they include the price of the land? For all we know, it could have been rejected by the land owner.
If it said that it was purchased (past tense) I'd be optimistic. But MCIG intentionally misleads people like this all the time. How many times have they said they are "finilazing", "Completing", "drafting", "initiating"....and so on. 100's of times. Look at the Paris Group tweet, where they were a "customer"....then changed their mind and said it was merely a "bid".
MCIG has been baiting MJ/THC since 2015.
And, "initiated" license application process can mean anything. MCIG has played word games before. It could just mean they're thinking about it. RFLMAO