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Maple Leaf Green World Inc. Signs A Distribution

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John-Knee   Wednesday, 02/05/20 08:15:44 AM
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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.

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