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Tuesday, July 25, 2017 8:08:57 PM
A staff review panel at the City of Henderson (the "Staff Panel") will review and comment on the Transfer Application, including making suggested changes to the proposed design for the Nevada Site. The review is expected to take place between now and the early part of August when the City Council for the City of Henderson (the "Council") plans to meet and consider cannabis permit matters. The Company understands that it and BioNeva will have sufficient time to make any suggested changes from the Staff Panel before the Transfer Application is presented to the Council for approval. Once approved by the Council, the Company expects to commence ordering materials and securing construction contracts for development on the Nevada Site. The Company still expects to finish construction of the Nevada Site by the end of 2017.
The Company retains Big Reach Media, Inc. as its Investors Relations Advisor
The Company also announces that it has entered into an investor relations agreement (the "Investor Relations Agreement") with Big Reach Media, Inc. ("Big Reach") whereby Big Reach will provide certain services to Maple Leaf that may be considered investor relations and promotional activities on behalf of Maple Leaf which require disclosure in this press release pursuant to the policies of TSX Venture Exchange (the "TSXV").
Subject to the approval of the TSX Venture Exchange (the "TSXV"), the terms of the Investor Relations Agreement provide that the Company will pay Big Reach a monthly fee of $5,000. The term of the Investor Relations Agreement commences August 1, 2017 and is for an initial term of 6 months. At the end of the initial term, Maple Leaf and Big Reach may agree to extend the engagement on a month to month basis for a fee of $5,000 per month.
For further information regarding Maple Leaf Green World Inc., 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 currently operates 3 cannabis projects in British Columbia, California, and Nevada. 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. Maple Leaf's long-term objective is to produce cannabis oil and export its products to approved countries.
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