Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Maple Leaf Green World Inc. Has Signed A Yearly Sales Agreement With Canna Trading Co. For Min. US$10.5 Million
2020-06-18 08:00:13 AM ET (GlobeNewswire)
Maple Leaf Green World Inc. ("Maple Leaf" or the "Company") (NEO: MGW, OTCQB: MGWFF) is pleased to report that a site tour of the Company's California Hemp Project has been arranged for Canna Trading Company ("Canna"). The site tour provided insight into the Company's contaminant-free, organic CBG hemp operation and presented a visual of site's expansion capabilities. Following the site tour, Canna was pleased to upgrade the US$2.6M purchase order, as announced on May 27, 2020, to a yearly sales agreement for its subsidiary to purchase, exclusively, all La Creme products produced from three (3) greenhouses totaling a minimum of 20,000 lbs of flower and 20,000 lbs of biomass per year. This sales agreement is currently valued at US$10.5M. Canna will also have 1 right of refusal on any quantity of flowers and/or biomass produced by those 3 greenhouses that exceeds the 20,000 lb limit set forth in the agreement.
For information about Canna, please visit their site at www.cannatrading.co.
The Company is also pleased to announce that its second shipment of 2,500 La Creme clones and seedlings has arrived on-site and transplanted into those greenhouses. The Company will continue to propagate and expand its grow space into the 10,000 sq. ft. outdoor area that was previously leveled for expansion in order to meet the 1 shipping date to Canna in August.
"We are excited to have received a yearly purchase order, pre-harvest, for half of our current growing capacity. With 20 acres of land, we can expand our capacity even further. We have also scheduled additional site tours for prospective clients in the coming weeks. While CBG is still in the early stages of research, it's great to see that its potential is being recognized."
- Raymond Lai, President & CEO
As COVID-19 restrictions begin to ease in California, the Company has been steadily re-hiring staff to the site and encouraging everyone to continue to maintain social distancing and adhering to the rules laid out by health officials.
Maple Leaf Green World Inc. Receives A US$2.6 Million Purchase Order from Canna Trading Company Of California, U.S.A.
2020-05-27 08:04:51 AM ET (GlobeNewswire)
Maple Leaf Green World Inc. ("Maple Leaf" or the "Company") (NEO: MGW, OTCQB: MGWFF) is pleased to announce that it has received a purchase order from a subsidiary of Canna Trading Company ("Canna") for 5,000 lbs of La Creme flower and 5,000 lbs of biomass priced at $400/lb and $125/lb, respectively, totaling US$2,625,000. These prices are subject to change based on the market price for the product at the time of shipment. The Company expects to ship these products in July/August when the first harvest of La Creme is complete at its Riverside site.
Canna is a manufacturer and formulator of hemp CBD products in the Central Coast area of California. Established in 2015, Canna began with the development of a CBD vape product line. This helped them to explore more alternative delivery methods of CBD and cannabis for consumers. One of their goals is to provide a clean, pure, and natural product while maintaining affordable prices. This purchase order is their 1 step to developing CGB products for their customers. For more information on Canna, please visit their website at www.cannatrading.co.
"We are excited to receive this sizable purchase order from Canna. This marks a major milestone for our CBG Hemp project and for Maple Leaf. We expect to develop a long term relationship with Canna by providing them with high quality CBG products."
- Raymond Lai, President & C.E.O.
For further information and updates regarding the Company, please visit our website at www.mlgreenworld.com.
About Maple Leaf Green World Inc.
Maple Leaf is a public Canadian company that focuses on the cannabis and hemp industry in North America. The Company currently has cannabis and hemp projects in British Columbia and California. With over 10 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."
$MGWFF Maple Leaf Green World Inc. Receives A US$2.6 Million Purchase Order from Canna Trading Company Of California, U.S.A. https://www.otcmarkets.com/stock/MGWFF/news/Maple-Leaf-Green-World-Inc-Receives-A-US26-Million-Purchase-Order-from-Canna-Trading-Company-Of-California-USA?id=263113
$MGWFF $MGW
MAPLE LEAF GREEN WORLD INC. AS AT AND FOR THE YEAR ENDED DECEMBER 31, 2019 MANAGEMENT’S DISCUSSION AND ANALYSIS https://backend.otcmarkets.com/otcapi/company/financial-report/247345/content
$mgwff Key Financial Ratios
Earnings Per Share
-0.05
Price/Earnings
-
Gross Margin
0
Operating Margin
0
$mgwff Share Structure
Market Cap Market Cap
7,503,026
05/01/2020
Authorized Shares
Unlimited
04/24/2020
Outstanding Shares
161,355,398
04/24/2020
Restricted
1,018,000
04/24/2020
Unrestricted
160,337,398
04/24/2020
Held at DTC
504,982
04/24/2020
Float
152,999,293
01/31/2020
Par Value
No Par Value
Short Selling Data
Short Interest
26,169
(50.73%)
04/15/2020
Significant Failures to Deliver
No
$mgwff Maple Leaf Green World Inc. is a Canadian company that focuses on the cannabis industry in North America. With over 30 years of extensive greenhouse management experience, it applies its eco-agriculture knowledge and cultivation technology to produce contaminant-free cannabis products. The Company has applied for an ACMPR license for an 80,000 sq ft greenhouse complex in B.C. In January 2017, the company cleared Stage 5 (Security Clearance) with Health Canada and are in stage 6 now. The company expects the first phase (27,200 sq. ft) of the new facility is to be ready by the end of 2020. By then, Health Canada will grant Maple Leaf a license at the same time. 2. California - The Company owns 20 acres of land and has 2 greenhouses since September 2016. The company is still waiting for San Diego County to be legalized for Cannabis cultivation. 3. Nevada - The Company owns 4-acre land 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.
This is good news!! CBG !!
$MGWFF Maple Leaf Green World Inc. Completes California Greenhouses Expansion and Starts Cultivation of CBG Hemp https://finance.yahoo.com/news/maple-leaf-green-world-inc-120010397.html
Maple Leaf Green World Inc. Provides Update on Its California CBG Hemp Project
2020-03-30 08:00:12 AM ET (GlobeNewswire)
Maple Leaf Green World Inc. ("Maple Leaf" or the "Company") (NEO: MGW, OTCQB: MGWFF) is pleased to announce that the two (2) renovated greenhouses are complete and fully operational. The land behind the two (2) completed greenhouses has been levelled and prepped for the three (3) additional greenhouses as mentioned in the press release dated March 5, 2020. The three (3) new greenhouses, plus an additional 2,000 sq. ft. greenhouse, had arrived on site as scheduled. Heavy snow falls had delayed construction by about 1-2 weeks but has since resumed. Maple Leaf plans to utilize the 2,000 sq. ft. greenhouse for seed germination, housing mother plants, and crossbreeding strains. The Company's California team is confident that the four (4) greenhouses will be completed by the end of this week. Furthermore, an additional 10,000 sq. ft. of land has been cleared and levelled for the prospect of adding three (3) more greenhouses, bringing the total greenhouses to nine (9) wi th a growing capacity of 26,000 sq. ft. Maple Leaf recognizes the popularity and demand for CBG enriched hemp and is preparing for further expansion.
The Company is also excited to announce that 500 seedlings of the popular strain La Creme has been ordered and estimated to be delivered on site within 3 weeks. The supplier is currently germinating the seeds for Maple Leaf and will arrive as 3-4" seedlings to maximize the survival rate during transportation and transplanting. Upon arrival, the plants will be transplanted into the greenhouses to mature for 10 to 14 days. After which, the plants will be propagated by taking approximately 1,000-1,200 cuttings and replanting for a total of 1,500 plants with the extra cuttings placed in the 2,000 sq. ft. greenhouse for cloning.
About La Creme CBG Strain
La Creme is a sativa dominant hybrid that emits a low odor and high yielding CBG/CBGa with a 9 to 10 week cycle. It is highly sought after due to its notable 18% CBG concentration with a total of 0.20% THC. Its rich terpene profile embodies both cherry and fruit notes. The cured flowers release a beautiful fresh floral scent that is both pleasant and energizing. The main uses for this strain are hemp cigarettes, health supplements, cosmetics and other skin care products.
CBG enriched hemp has been gaining popularity for its perceived medical applications without the psychoactive component. Studies have shown that CBG can improve and/or strengthen the immune system which can provide a major defense against COVID-19.
Production Capacity and Market Price
La Creme is a popular strain due to its high CBG and low THC concentration. The Company intends to harvest either 100% flowers, seeds, or a combination, as there is a tremendous demand for both. The current market prices for cured flowers are between $400 - $800 USD/lb and seeds are approximately $1 USD/seed. With 15,000 sq. ft. of cultivation space, the Company intends to grow 1,500 plants and achieve 3 harvests per year. The Company's cultivation team estimates that each plant will yield approximately 2 lbs of cured flowers or approximately 10,000 seeds per plant of which 90% will be feminized. The total yearly production is estimated to be approximately 9,000 lbs cured flowers or approximately 1,500 lbs of feminized seeds (1 lb has approx. 27,000 seeds).
Health and Safety Update
Maple Leaf has been closely monitoring the COVID-19 outbreak to ensure the safety of the community and staff. The outdoor nature of its Hemp Project in Riverside California does not require the cultivation team to be in close quarters with anyone outside of the Company. The team is still on site and actively working while operating within the guidelines issued by health officials. At this point, the Company is not aware of any member who has come in close contact with anyone who is suspected or experiencing any COVID-19 symptoms. The Company will continue to monitor the situation and respond accordingly.
Henderson, Nevada Update
The Company would also like to announce that the land sale in Henderson has been completed with the proceeds being used to develop its California Hemp Project.
For further information and updates regarding the Company, please visit its newly designed website at www.mlgreenworld.com.
About Maple Leaf Green World Inc.
Maple Leaf is a public Canadian company that focuses on the cannabis and hemp industry in North America. The Company currently has cannabis and hemp projects in British Columbia and California. With over 10 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."
Maple Leaf Green World Inc. Signs an Exclusive European Distribution Agreement with Eurobrand Inc. of Ontario, Canada.
2020-03-05 08:00:14 AM ET (GlobeNewswire)
Maple Leaf Green World Inc. ("Maple Leaf" or the "Company") (NEO: MGW, OTCQB: MGWFF) is pleased to announce that the Company has signed an exclusive Distribution Agreement ("Agreement") with Eurobrand Inc. ("Eurobrand") to promote and sell Maple Leaf's high quality hemp seed line enriched with CBD, CBG and CBN with less than 1% THC to the European market. Eurobrand will also use consulting service provided by Maple Leaf exclusively for any of their hemp projects in Bosnia & Herzegovina, Macedonia, Serbia, and the European Union (EU). This exclusive agreement strengthens Maple Leaf's exposure in an emerging market and aligns perfectly with several key objectives.
Maple Leaf is pleased to welcome Eurobrand's team and is excited to have them expedite their European sales efforts.
About Eurobrand Inc.
Eurobrand is a global consultancy with head offices in Toronto, Ontario, and branches in Europe, Asia and North America. They assist businesses and non-profits to grow their enterprise, strengthen operations through best practices, and build value. They specialize in working with partners and clients in various technologies, mining, agriculture and business development. Eurobrand is currently working on several sizable projects that can be viewed on their website: www.eurobrand.biz
Maple Leaf is excited to have secured two (2) key distributors, Project 7 and Eurobrand, to lead its sales efforts in North America and Europe, respectively. With the addition of the LOI with Lin International of Singapore for their hemp project in Laos (see press release dated September 17, 2019) the company has strategically capitalized on prominent markets around the world.
Update on Riverside County, California Renovation
Maple Leaf is also pleased to announce that the renovations and sterilization of the two (2) existing greenhouses has been completed on schedule. The team has been preparing the grow space and upgrading security around the property. In additional to the 3 greenhouse announced in the press release on February 5, 2020, the Company has placed an order for two (2) additional greenhouses, bringing the total growing capacity to 15,000 sq. ft.
Corporate Update
The Company is also pleased to announce the launch of a brand new website scheduled for March 9, 2020.
The Company has decided to terminate the services of Helixx Enterprises Ltd. (see press release dated October 31, 2019) as the ongoing expansion of the Hemp project in Riverside, California has presented alternative means of financing the completion of the Telkwa, B.C. facility.
About Maple Leaf Green World Inc.
Maple Leaf is a public Canadian company that focuses on the cannabis and hemp industry in North America. The Company currently has cannabis and hemp projects in British Columbia and California. With over 10 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."
Maple Leaf Green World Inc. Signs A Distribution Agreement with Project 7 Group LLC of U.S.A.
2020-02-05 08:00:19 AM ET (GlobeNewswire)
Maple Leaf Green World Inc. ("Maple Leaf" or the "Company") (NEO: MGW, OTCQX: MGWFF) is pleased to announce that the Company has signed a Distribution Agreement ("Agreement") with Project 7 Group LLC ("Project 7") to promote and sell Maple Leaf's high quality CBD and CBG enriched hemp seed line.
This Agreement is renewable yearly with 1 year's sale objective set at a minimum of $10 Million USD by Project 7. Maple Leaf is pleased to welcome Project 7's team and is excited to have them expedite their domestic and global sales efforts.
About Project 7
Project 7 is a privately operated company with offices located in Wyoming, Arizona, Colorado, New Mexico, Nevada, Texas, Washington, and California. Their business encompasses multiple aspects of the Hemp and Cannabis industry specializing in areas such as:
-- CBD Product Formulation
-- CBD Product Manufacturing
-- CBD Extraction Service
-- Raw Hemp and Concentrate Sales
-- Seed and Clone Genetics Sourcing
-- Cannabis and Hemp Financing
Their dedicated team of experts ensures the best outcome for projects anywhere along the pathway from seed to finished product sale.
Update on Riverside County, California Renovation
In the previously announced press release dated January 21, 2020, the Company stated that each of the two (2) existing greenhouses will be expanded by an additional 1,000 sq. ft. for a total growing capacity of 7,000 sq. ft. In light of this new Agreement, the Company has elected to forego the 1,000 sq. ft. expansion in favour of erecting a brand new 3,000 sq. ft. greenhouse. The new cold frames and canopy are currently en route to the site and will be installed soon after. The total growing capacity, with the new greenhouse, will now be 9,000 sq. ft. The renovation crew has been working diligently to ensure that the greenhouses are properly sterilized and completed by Maple Leaf's expected timeline. Maple Leaf is pleased to report that renovations are on schedule.
1320 shares traded on this news so far today...$59.40
Will these guys ever get noticed?
Maple Leaf Green World Inc. Commences California Greenhouse Expansion To Include CBG Enriched Hemp Seed Cultivation
2020-01-21 08:00:18 AM ET (GlobeNewswire)
Maple Leaf Green World Inc. ("Maple Leaf" or the "Company") (NEO: MGW, OTCQX: MGWFF) is pleased to announce that further to the Company's previously announced hemp seed cultivation license for CBD enriched hemp on December 3, 2019, the company will also be cultivating Cannabigerol (CBG) enriched hemp seeds. CBG is a newly discovered, highly sought after, non-psychoactive cannabinoid that possesses great potential in providing medical relief to ailments not found with CBD. Although more research is required, the initial evaluation of CBG for medical applications shows great promise. With over 100 cannabinoid compounds identified, CBG is the precursor to which all other cannabinoids, such as THC and CBD, are synthesized.
The Company is also pleased to announce that renovation work has already begun on the 2 existing greenhouses at its 20 acres site at Riverside County, California. The renovations entail replacing all the covers and performing a complete sterilization to ensure a clean start up. The renovations are expected to be completed in mid-February, and cultivation will begin soon after.
With the growing demand for CBG enriched hemp, the Company is engaged in supply contract negotiations with several North American and oversea buyers in addition to Lin International (LOI signed and announced on September 17, 2019). To ensure the demand can be met, the renovations will include expanding the greenhouses by an additional 1,000 sq. ft. The total growing capacity will now be increased to 7,000 sq. ft. The Company also intends to purchase 2 to 4 additional new greenhouses with state-of-the-art technology in anticipation of securing the supply contracts.
$MGWFF Tier_Change: OTCQX International to OTCQB
OTCM Link
https://www.otcmarkets.com/stock/MGWFF/disclosure
I found this interesting article...
$MGWFF - "Featured Company"
Marijuana - The World’s $100 Billion Future
http://www.thestreetnow.com/spotlight/100-billion-future
Maple Leaf Green World Inc. Signs A Letter Of Intent To Supply Hemp Seeds To A South East Asian CBD Producer
2019-09-17 04:01:02 PM ET (GlobeNewswire)
Maple Leaf Green World Inc. ("Maple Leaf" or the "Company") (NEO: MGW, OTCQX: MGWFF) announces it has entered into a Letter of Intent (LOI) , with a Singapore based Lin International Trading PTE Ltd ("Lin International"), to supply feminized hemp seed for their expanding South East Asian hemp projects.
Lin International is in the process of obtaining hemp cultivation licenses on 500 hectare (1235 acres) of land in Lao People's Democratic Republic and pursuing more opportunities in other South East Asia countries. They are focused on cultivating hemp for the production of medical CBD extracts.
Lin International expects to purchase a minimum of 1,500 Kilograms of feminized hemp seed, from Maple Leaf Green World, at a proposed price of $10,000(CAD) per Kilogram, in the first year. Lin International also anticipates to purchase up to 10,000 Kilograms, annually, of feminized hemp seed, as their business develops in other parts of South East Asia.
Once Maple Leaf Green World's Hemp Seed cultivation is operational, Lin International and Maple Leaf Green World will sign a binding supply agreement to replace this LOI.
This Letter of Intent is a starting point for further negotiations and also operates as a framework under which further collaboration to exploit the hemp and CBD oil market in South East Asia between Maple Leaf Green World and Lin International can be developed. The whole Asian market is a large and untapped hemp and CBD market while the regulatory environment changes is being made in favor of developing such industry.
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 has cannabis projects in British Columbia and California. With over 10 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 OTCQX market under the symbol "MGWFF."
Chief Grower Aaron Boh Instagram
https://www.instagram.com/bohaaron/?hl=en
Boh Grow :) Like!!!
According to Maple Leaf's chief grower Aaron Boh, if MGW uses all 300,000 sq ft of greenhouse space for hemp seed production, they could produce around 180,000 lbs of seeds from 3 harvests at $5,000 to $10,000 per pound wholesale.
Of course this would require mass production of premium quality seeds with high CBD content for growers to be interested. If the former professional hockey player turned cannabis cultivator says he can do it, who's going to argue with him. Not me :) imho glta
Kevin Malgunas Vs Aaron Boh - IHL - 1995-03-29
Productive 157 acres in beautiful Woodmere area
https://www.smithersbcremax.ca/listing/248054241-150112735/dl-1220-woodmere-road-telkwa-bc-v0j-2x2/
This seems like a really good deal for a future outdoor grow CBD/THC farm near the Woodmere Nursery. Only $2500 per acre which is way lower than other parts of Canada. Might be time to sell the California land and invest locally. imho glta
Online Clones Canada
https://onlineclones.ca/
This is the direction Maple Leaf needs to be heading. Premium clones online for retail, and wholesale to LP's. They might actually want to partner with Online Clones as a supplier.
They could ship from Woodmere Nursery directly to their customers. Check out the prices they're getting for clones. Cha Ching. Smart consumers will eventually realize it's much cheaper to grow your own.
Not saying Maple Leaf can pull this off, but if they do it could be a big money maker. imho glta
https://www.globenewswire.com/news-release/2019/08/26/1906436/0/en/Maple-Leaf-Green-World-Inc-Enters-into-Letter-of-Intent-to-Acquire-Land-Assets-and-Business-of-Woodmere-Nursery-Ltd.html
Why Canadian cannabis companies want to do business in the US is a mystery to me. Why leave a well regulated federally legal market for the wild west. In the wild west card sharks steal your money and send you packing.
Hopefully now they have learned their lesson, and will stick with Canadian investments on their own turf. Whether or not they have done themselves irreparable damage is still unknown. The recent bid for Woodmere Nursery seems to imply they have financing of some sort in the works.
If they would have done this deal years ago, instead of the US adventures, they could be licensed and growing clones already. They are coming to that realization late, but still early enough to be a first mover in the cannabis nursery space if they move quickly.
I have no illusions Maple Leaf could fail miserably at this point. This deal is possibly Maple Leaf's last chance to succeed as a viable company. It will come down to financing, which needs to be soon. imho glta
Just checked out the Woodmere Nursery on Google satellite, and found something quite interesting. The satellite view reveals a large riverfront nursery with multiple greenhouses situated along the Bulkley River in Telkwa BC.
The interesting part is Maple Leaf's indoor grow facility sits right next to Woodmere Nursery. The reason for optimism that the acquisition will actually happen, is the founder of Woodmere Nursery is on Maple Leaf's Board of Directors.
Another reason for optimism is the revenue guidance estimates given in today's press release. Maple Leaf's new Chief Grower estimated a annual production rate of 121,000,000 cannabis clones with a selling price between $5 to $10 a clone.
This number seems astronomical until you visit the Woodmere website that says they currently produce 12.5M evergreen seedlings annually. The Chief Grower estimates 18 cannabis clone harvests per year, compared to the current 3 evergreen seedling harvests per year.
In a perfect world where Maple Leaf had supply agreements to offload this much product the total yearly revenue would be $605M based on the lower estimate of $5 per clone. It will take time to ramp up to this level, but even 1/4 of this total would be a smashing success.
Initially they could use the majority to supply commercial outdoor growers who will need massive numbers of clones to fill 1000s of acres next summer. The Chief Grower appears to have research & cultivars for every growing condition.
First things first, get the deal done, finish and license the indoor facility, secure and license the nursery, finalize supply agreements ahead of cultivation, and start growing Maple Leaf. Tweet us some ground level pics of the new facility. Social media is important. imho glta
https://www.woodmere.ca/index.html
https://www.globenewswire.com/news-release/2019/08/29/1908358/0/en/Maple-Leaf-Green-World-Inc-Has-Retained-Aaron-Boh-as-Chief-Grower-to-Spearhead-Its-One-Of-The-Largest-Indoor-Cultivation-Facility-For-Hemp-Seeds-and-MJ-Clones-in-Canada.html
Woodmere Nursery address for Google satellite.
13399 HWY 16 East Telkwa, BC
https://www.google.com/maps/place/Woodmere+Nursery+Ltd/@54.6732788,-127.020017,901m/data=!3m1!1e3!4m13!1m7!3m6!1s0x5475a6ae595e1d1d:0x1b4f3a45deffb7db!2s13399+BC-16,+Telkwa,+BC+V0J+2X2,+Canada!3b1!8m2!3d54.6761236!4d-127.0146172!3m4!1s0x5475a72cff6ed993:0xd49bec584b73fda8!8m2!3d54.6738891!4d-127.0138702
Maple Leaf seems to be back on track hiring a new chief grower for the Woodmere Nursery in Telkwa, BC. The acquisition of Woodmere must be progressing well if they're hiring already.
Smart growers will move away from housing their own mother plants onsite taking up valuable growing space that could be used for production instead.
Maple Leaf would be a first mover in the cannabis nursery space as only two cannabis nursery licenses have been issued by Health Canada so far.
I've been watching Maple Leaf for awhile now as they progressed on their indoor facility, but now that they are moving on a 300,000 sq ft nursery I'm in. Always imho glta :)
Recent News-
Maple Leaf Green World Inc. Has Retained Aaron Boh as Chief Grower to Spearhead Its One Of The Largest Indoor Cultivation Facility For Hemp Seeds and MJ Clones in Canada
https://www.globenewswire.com/news-release/2019/08/29/1908358/0/en/Maple-Leaf-Green-World-Inc-Has-Retained-Aaron-Boh-as-Chief-Grower-to-Spearhead-Its-One-Of-The-Largest-Indoor-Cultivation-Facility-For-Hemp-Seeds-and-MJ-Clones-in-Canada.html
Maple Leaf Green World Inc. Enters into Letter of Intent to Acquire Land, Assets and Business of Woodmere Nursery Ltd.
https://www.globenewswire.com/news-release/2019/08/26/1906436/0/en/Maple-Leaf-Green-World-Inc-Enters-into-Letter-of-Intent-to-Acquire-Land-Assets-and-Business-of-Woodmere-Nursery-Ltd.html
MAPLE LEAF GREEN WORLD INC.
http://www.mlgreenworld.com/gallery/canada-telkwa-b-c/
Maple Leaf Green World Inc. Announces Proposed Sale of Land in Henderson, Nevada, with the Proposed Use of Proceeds for the Acquisition of a Cannabis Cultivation License in Nevada
2019-04-23 08:00:23 AM ET (GlobeNewswire)
Maple Leaf Green World Inc. ("Maple Leaf" or the "Company") (NEO: MGW, OTCQX: MGWFF) is pleased to announce it has executed a listing agreement with Cornerstone Company, Nevada U.S.A. ("Cornerstone"), whereby Cornerstone has agreed to act as the Company's listing agent in its proposed sale of 3.89 acres of land in Henderson, Nevada (the "Real Estate Sale") for an asking price of US$1,895,000, as recommended by Cornerstone. Maple Leaf intends to use the proceeds obtained from this sale for a potential acquisition of a licensed cultivator in Clark County, which the Company is currently in negotiations with (the "Potential Acquisition"). The Real Estate Sale and the Potential Acquisition are each subject to applicable approvals, including regulatory, corporate and stock exchange approvals.
"We are excited about this opportunity to complete the sale of our current real estate in Nevada at a potentially higher market value than the land was originally acquired for. We also feel the locations of the two licensed cultivators who we are in negotiations with will provide a better political environment and cost saving for the Company's long term growth strategy in Nevada, provided that we are able to negotiate a transaction in the best interests of Maple Leaf with one of these cultivators," said Raymond Lai, President and C.E.O. of Maple Leaf.
About Cornerstone Company:
Cornerstone Company is established in 1985 and has partnered with investors, retailers, developers and more to help them achieve their real estate goals in Southern Nevada. They have done more than $2 billion in transactions over the course of their company's history. For further information regarding Cornerstone, please visit www.cornerstonecre.com.
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 is in the process of construction of a marijuana facility in British Columbia. 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".
The building being complete in BC means more to me than technicals but the pattern is moving up.
Nice recovery here. Was really beat down. MGWFF
Okay, we doubled our average 10 day volume. Who know something? Spill it!
It all hinges on granting of license where they have applied. Behind some competitors though so an up hill battle.
Nice to see Maple Leaf getting some love.
can you believe how beat down it got?
Maple Leaf Green World Inc. Enters into a Letter of Intent to Acquire A Production License in Clark County, Nevada
2018-11-20 06:30:19 AM ET (GlobeNewswire)
Maple Leaf Green World Inc. ("Maple Leaf" or the "Company") (NEO: MGW, OTCQX: MGWFF) is pleased to announce that it has expanded its interests in Nevada by entering into a letter of intent ("LOI") to acquire 100% interest of a Clark County, Nevada Medical and Recreational Production Certificates (the "License") from a private Las Vegas, Nevada based company (the "Vendor"). The Vendor holds one Medical Production Certificate and one Recreational Production Certificate granted by the State of Nevada for the Clark County.
The purchase price of USD $4,000,000 (the "Purchase Price") is comprised of a combination of cash and issuance of common shares of Maple Leaf, as described in further detail below. The terms of the agreement are for Maple Leaf to pay to vendor an initial cash deposit of USD $100,000 (the "Initial Deposit") within 30 business days from November 14, 2018, being the date of execution of the LOI, and upon satisfactory completion of due diligence on the Vendor by the Company. Upon completion of due diligence, Maple Leaf through its wholly owned subsidiary, SSGW LLC ("SSGW") and the Vendor shall enter into a formal Purchase and Sale Agreement.
A further payment of USD $900,000 ($400,000 in cash and $500,000 by way of issuance of common shares of Maple Leaf at 10% discount to the then market price) is payable within 30 business days after the License is transferred to SSGW and a location of SSGW's choice in Clark County, Nevada, provided that the applicable approval by the appropriate authorities in Nevada is obtained. The Vendor will still hold 15% of the License, and SSGW will hold 85% of the interest in the License until Maple Leaf pays off to the Vendor the remaining USD $3,000,000 between October 1, 2019 to December 31, 2019 in a combination of cash and issuance of common shares of Maple Leaf, as agreed by the parties at that time.
Once the total amount of USD $4,000,000 is paid, the Vendor shall transfer the remaining 15% of interest in the License to SSGW. In the event the License cannot be transferred, or the location cannot be approved at the fault of the Vendor, the Vendor shall return the Initial Deposit within 5 business days upon confirmation of such non-transferable condition. In the event Maple Leaf fails to fulfil its payment obligations, Maple Leaf upon demand by the Vendor, shall surrender its interest in the License to the Vendor.
Maple Leaf has also agreed to pay Monsoon Group of Las Vegas, LLC who acted as a consultant for the LOI a fee of five (5%) of the Purchase Price that is paid cash; and six (6%) percent of the Purchase Price paid in shares of Maple Leaf, at 10% discount to the then market price, on the date the fee become due and payable, subject to the approval of NEO Exchange.
The transaction is also subject to applicable statutory, regulatory, and compliance laws of Nevada and applicable securities laws of Canada.
This acquisition complements the Company's currently held cultivation license in Henderson, Nevada with a vertical integration expansion. As this production License has no limited capacity, and no tie to a specific cultivation license, the Company can produce a variety of Cannabis products with capacity as allowed by the physical facility. The Company is intended to lease a warehouse space in the non-incorporated Clark County area to start up the production as soon as the License is transferred.
Raymond Lai, CEO of Maple Leaf said, "We are excited about this latest proposed acquisition, as it will allow us to sell a variety of Cannabis products, rather than just dry flowers, if completed. And we can source out our own supply of raw material without waiting for our own cultivation facility to be completed. We anticipated that we will be able to start generating revenue from this production license soon after the transfer of the License to our name and to our location is done."
Unless it can go negative, 100% is the most it can drop. lol
No requirement that it goes to some lofty high that it did previously. A decent profit on a short term bounce is fine.
You know the whole sector is way down from previous highs.
Could be news leaked that the loan failed. Those in the know sold ahead of the rest. Certainly possible. It's not closed until it's closed.
Should be news either way soon, I'm guessing.
Like what they're doing. Probably won't see revenue for several more months. Early development. Relatively low cap. Large upside imo.
Stocks a turd right now, that's why I don't own any.
It's such a turd that I think it can't get much worse.
It doesn't cost me a thing to add it to my chart play watchlist.
If it does get busy I will be there, first. lol
GL
I just don’t understand why it dropped 350% in 2 months ? you might be on to something but what’s going bring this baby back up that much ?
And how long is the question
I'm more of a trade the ticker guy.
This baby is oversold.
Company could be lights out for all I care.
Looking at Neo L2 and the T/S and seeing all bidwhack selling and a naked ask, it's obviously 90% short selling, not longs just deciding to sell otherwise.
It will bounce/squeeze, just a matter of when and from what price.
If it has to go lower first it makes no difference to me. The lower the better perhaps.
The only reservation I have is that volume is always meager with MGW and even with short cover buying it may not amount to that much running up the ask.
Either way I will delight in contributing to the squeeze.
MCAP 21.4M tiny
WTS It helps when the company has something exciting to talk about.
You say they have no cash. Really?
http://www.mlgreenworld.com/mgw_news/maple-leaf-accepts-loan-offer-from-silver-arch-capital-partners/
http://www.silverarchcp.com/
You say they haven't accomplished anything. They aren't selling weed yet, or showing the revenue from that yet, but they have accomplished many of the steps necessary to get to revenue and the loan they just received should complete the Telkwa Facility to the point of operation.
That loan was supposed to close around the 9th, last friday. Should get "we closed the loan and got the money", or even the opposite, "the loan fell through and we're broke" news any day. lol
The other projects are coming along as well:
http://www.mlgreenworld.com/projects/canada-telkwa-b-c/
http://www.mlgreenworld.com/projects/usa-california/
http://www.mlgreenworld.com/projects/usa-henderson/
yep, it don't happen overnight. Gotta build it. Then grow it. Then sell it.
you can get caught up on the news here:
http://www.mlgreenworld.com/news/
you can get caught up on all the filings here:
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00022303
Pump pics (yeah they did all that in just 15 days!)
Followers
|
25
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
737
|
Created
|
10/07/16
|
Type
|
Free
|
Moderators |
A. Background
- Maple Leaf Green World Inc. is well positioned to capture opportunities in the medical cannabis industry due to knowledge and years of experience of its personnel.
B. Business Strategy
- Acquire requisite licenses and well equipped facilities in both Canada and U.S.A. with capacity to produce 20,000 KG MJ a year.
Grow pesticide-free, top-grade marijuana from contamination-free soil through strong quality assurance program.
Develop new cultivation methods in order to reduce cost and increase production.
Develop new strains that have higher cannabidiol (CBD) than THC.
Become a commercial supplier of propagules (seeds and cuttings) with high CBD to other growers, thus provide a second source of revenue for the company.
Emphasize quality and non-contaminated MJ for Cannabis Oil production which can be used for medical purposes.C. Chief Grower
Mr. Joe Wong has been appointed as the Vice President of Operations, to spearhead the Medical Marijuana Project. His credential includes:
- A highly experienced horticulturist, resident of B.C., and has spent the last 30 years improving nursery production systems and greenhouse systems and growing quality seedlings in the field as bare-root and “in containers”.
Began his agriculture nursery career with the B.C. Ministry of Forests in 1978. In 1985, Mr. 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.
Extensive experience assisting field silviculturists in improving reforestation success from seed collection to planting through implementation of research trials and analysis of plantation failures.
Reduced costs for silviculture programs by reducing the usage of seeds, growing crops with less energy and reducing the time to grow certain species.
Involved throughout his career in genetic improvement and research on the benefits of ectomycorrhizae symbiotic relationships in reforestation and afforestation.
Led by him, Woodmere Nursery has won the prestigious Northern Forest Innovator’s Award for its research into improving germination of subalpine fir trees (Abies lasiocarpa).D. Growing Facility
- Maple Leaf is in discussions with Woodmere to revise the leasing agreement to lease the 30 acres of vacant land for a new state of the art 80,000 sq ft growing facility in order to cultivate medical cannabis, upon receipt by Maple Leaf Green World Inc. of an ACMPR license from Health Canada.
E. Current Status
- The Company is at stage 5 – review with ACMPR application.
Retained CCI to assist the completion of ACMPR application.
Retained PSI to design and construct a state of art growing facility with 1st phase started with 30,000 sq ft.
Expect to complete the construction by the end of 2017.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |