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."
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