July 27, 2016 – $0.12
CALGARY, July 27, 2016 /CNW/ - Maple Leaf Green World (MGW-V) ("Maple Leaf" or the "Company") announces that a second marijuana crop has been started in the Company's alternate greenhouse and these plants are already approaching 2 feet in height. Photos have posted to the Company's website. Maple Leaf's ability to grow two crops at the same time will ensure a more consistent revenue stream. It is anticipated that, during the last 5 months of 2016, the Company will be generating revenue every month.
The plants from the first crop are now 10 feet high and 5 feet wide, reaching above the curtains and arch supports in the Company's flowering greenhouse. Photos of the first crop are also posted to the Company's website. As the best quality of marijuana is produced from the buds at the top of the plant, management has decided to allow the plants to finish the flowering process naturally, rather than cut them down in order to close the curtain to accelerate the flowering process for harvesting. Accordingly, harvesting of the first crop has been rescheduled to take place in August.
Continued progress has been made in the effort to legalize marijuana for recreational use in California. The Adult Use of Marijuana Act has received more than double the required number of signatures for the petition to place the initiative on the ballot in the upcoming November elections.
For further information regarding Maple Leaf Green World Inc., please visit the www.mlgreenworld.com. The website has been updated with photos of the flowering plants and the 2nd crop plants of the California MJ project.
About Maple Leaf Green World Inc.
Maple Leaf is a Canadian company that focuses in the agricultural/environmental industry with four main areas of activity:
- Canadian MMPR - It pursues opportunities within the medical cannabis industry. If and when a MMPR license is obtained and through an agreement to lease a greehouse facility with Woodmere Nursery Ltd., it will become a Canadian producer. It is currently seeking Canadian MMPR licensed producer status to grow medical cannabis in Canada for domestic consumption and export to approved countries.
- California Project – It pursues opportunities within the medical cannabis industry in various States that have legalized marijuana. It is currently in a joint venture with a California non-profit collective to set up a growing facility.
- Eco-Agriculture - it pursues several projects around the world. In China, it is focused on growing value-added tree seedlings and nursery products that assist with anti-desertification.
Neither the TSX Venture Exchange or its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this news release including (i) statements that may contain words such as "anticipate", "could", "expect", "seek", "may" "intend", "will", "believe", "should", "project", "forecast", "plan" and similar expressions, including the negatives thereof, (ii) statements that are based on current expectations and estimates about the markets in which Maple Leaf operates and (iii) statements of belief, intentions and expectations about developments, results and events that will or may occur in the future, constitute "forward-looking statements" and are based on certain assumptions and analysis made by Maple Leaf. There is no assurance that sufficient financing can be raised or that permits will be available to allow the Company to carry out its current projects on a timely basis.
Forward-looking statements in this news release include, but are not limited to, statements with respect to future capital expenditures, including the amount, nature and timing thereof; other development trends within the agricultural industry (and in particular, the medical marijuana business), and the status of, and ability to capitalize on, opportunities available to the Company as well as the business strategy; expansion and growth of Maple Leaf's business and operations and other such matters. Such forward-looking statements are subject to important risks and uncertainties, which are difficult to predict and may affect Maple Leaf's operations, including, but not limited to: the impact of general economic conditions; industry conditions; the availability of equity or debt financing; government and regulatory developments including availability of requisite licenses; product supply and demand; competition; and Maple Leaf's ability to attract and retain qualified personnel. Maple Leaf's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will occur, or if any of them do occur, what benefits Maple Leaf will derive therefrom.
SOURCE Maple Leaf Green World Inc.
For further information: Maple Leaf Green World Inc., Raymond Lai, Chairman, President & CEO, +1 (403) 452-4552, +1 (403) 452-6900, [email protected] www.mlgreenworld.com