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Maple Leaf Green World Inc. Commences California Greenhouse

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John-Knee   Tuesday, 01/21/20 08:08:58 AM
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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.

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