Maple Leaf Green World Inc. (MGWFF)

[Louied91]

$MGWFF Maple Leaf Green World Inc. Announces Corporate Update

https://www.newsfilecorp.com/release/158515

Calgary, Alberta--(Newsfile Corp. - March 15, 2023) - Maple Leaf Green World Inc. (CSE: MGW) (OTCQB: MGWFF) ("Maple Leaf" or the "Company") is pleased to announce the following corporate update.

Cayman Island REIT Project

The Company's joint venture with QUIC Builds has brought the Company expertise and experience to a new market, offering luxury living options in one of the world's most sought-after destinations1. This project adds multiple revenue streams for the Company including home sales and long and short-term rental options. Construction of the first two luxury mini homes, previously announced in the November 8, 2022 press release, is progressing despite supply chain delays. In an effort to expedite construction of future homes, QUIC Builds has established a factory in the Cayman Islands dedicated to producing their patented block and panels. These properties are situated on Oasis Land Development Limited's Flagship development, Signature One. Signature One boasts two man-made lakes, picturesque ocean and garden views, prime lakeside land lots, and a host of on-site amenities.

The Company has also decided to list the first two properties for sale and is retaining Williams2 Real Estate Agency in the Cayman Islands. According to the agent, Signature One's development has seen no decrease in demand. The Company's fully developed properties are expected to sell for around $550,000 USD this year. However, with the addition of the club house, pool and gated community that will be in development later this year in Signature One, the properties could potentially fetch up to $850,000 USD in the next two years. Both houses are expected to be listed for pre-sale by early April.

California Health and Wellness Project

The Company has also decided to downsize its cultivation effort and focus on processing and manufacturing through its California subsidiary, Golden State Green World LLP ("GSGW"). By doing this, the Company can streamline its operation and enhance its product line by incorporating the herbal supplement and essential oil project from China. This move will allow the Company to increase efficiency and create a more sustainable business model that is better suited for the current market demands.

GSGW is currently cultivating the strain Matterhorn. Matterhorn is rich in cannabigerol (CBG) and is known for its consistency while maintaining THC compliance. GSGW is scheduling for a late spring harvest for Matterhorn. In addition, the Company has recently delivered sample disposable vapes to the online retailer mentioned in the Company's previous press release on January 3, 2023. Upon approval of these samples, the Company expects to sign a manufacturing agreement to secure the manufacturing of their disposable vape line and deliver minimum 1,000 disposable vapes per month.

Prospective Initiatives

In addition, the Company is also pursuing renewable energy projects with the intention of creating another subsidiary specializing in improving the environment and claiming carbon credit incentives. The Company will provide updates as these projects progress.

"We are proud to announce these exciting developments as it is a testament to the Company's ability to adapt to the changing needs of the market and demonstrate our commitment to growth. With our two projects, we are engaged with exciting markets that align with our mission to improve people's lives and improve our environment," says Raymond Lai - President & CEO.

For further information and updates regarding the Company, please visit https://www.mlgreenworld.com/.

For updates regarding the California CBG Hemp Project, please visit https://www.gsgreenworld.com/.

For ReNao Wellness products, please visit https://www.renaowellness.com.

1 https://travel.usnews.com/Cayman_Islands/ and https://travel.usnews.com/Turks-Caicos/