Maple Leaf Green World Inc. Provides an Update on its American Medical Cannabis Operations
Canada NewsWire
CALGARY, June 20, 2017
(TSX-V: MGW, OTCQB: MGWFF)
CALGARY, June 20, 2017 /CNW/ - Maple Leaf Green World Inc. (TSXV: MGW) ("Maple Leaf" or the "Company") is pleased to provide the following update of its California and Nevada cannabis operations.
Nevada
Maple Leaf has completed the purchase of four (4) acres of industrial land in the City of Henderson, Nevada (the "Nevada Facility") as announced on January 30, 2017. Management expects to make a formal application to the City of Henderson in early July after the architectural blueprint has been prepared by Paramount Structures Inc. for the Nevada Facility. The Nevada Facility satisfies the minimum separation standards for protected uses of the City of Henderson, and has met the applicable preliminary requirements for a Medical Marijuana Establishment – Cultivation Facility as previously announced on February 22, 2017. Management of the Company expects that the transfer of an existing cultivation permit held by BioNeva Innovations of Henderson, LLC (the "Permit") to MGW will be approved by the special committee of the City of Henderson, and that the Company will be notified of approval after the special committee meeting in early July, 2017. Upon approval of the Permit, pre-fabrication of the 20,000 sq. ft. Nevada Facility is expected to commence and the installation of the on-site modular building is expected to be completed by year end.
California
Maple Leaf is preparing for expansion of the Company's greenhouse facility site in Southern California (the "California Facility") by ordering a modular home to be installed. The California Facility will benefit from the modular home installation to house additional staff required by the expansion plan.
Maple Leaf is also in the process of acquiring land in San Bernardino County in order to apply for a medical cannabis cultivation permit. This is part of Maple Leaf's expansion plan as the Company awaits for the legalization of medical cannabis cultivation facilities in San Diego County. The Company will not cultivate any medical cannabis in San Bernardino until all requisite regulatory approvals have been obtained.
The Company's joint venture non-profit co-operative in California also reported that they have realized revenue of approximately US$220,000 from last year. The harvesting of the first crop of medical cannabis for 2017 is currently underway. Details of the harvesting and the cultivation plan for the rest of this year will be announced later when information is available.
For further information regarding Maple Leaf Green World Inc., please visit www.mlgreenworld.com.
