(TSX-V: MGW, OTCQB: MGWFF)
CALGARY, July 25, 2017 /CNW/ - Maple Leaf Green World
Inc. ("Maple Leaf" or the "Company") announces,
further to its press release dated June 20,
2017, that the Company and BioNeva Innovations of Henderson
LLC ("BioNeva") have jointly submitted a Medical Marijuana
Establishment Certificate (the "Nevada Permit") transfer
application (the "Transfer Application") to the City of Henderson, Nevada , pursuant to which
officials from the City of
Henderson will consider the transfer of the Nevada Permit
from BioNeva to the Company. The Transfer Application includes the
requisite documents for such application, including architectural
blueprints prepared by a U.S. architecture company for Maple Leaf's
proposed cannabis production site in the City (the "Nevada
Site").
A staff review panel at the City of
Henderson (the "Staff Panel") will review and comment
on the Transfer Application, including making suggested changes to
the proposed design for the Nevada Site. The review is expected to
take place between now and the early part of August when the City
Council for the City of Henderson
(the "Council") plans to meet and consider cannabis permit
matters. The Company understands that it and BioNeva will have
sufficient time to make any suggested changes from the Staff Panel
before the Transfer Application is presented to the Council for
approval. Once approved by the Council, the Company expects to
commence ordering materials and securing construction contracts for
development on the Nevada Site. The Company still expects to finish
construction of the Nevada Site by the end of 2017.
The Company retains Big Reach Media, Inc. as its Investors
Relations Advisor
The Company also announces that it has entered into an investor
relations agreement (the "Investor Relations Agreement")
with Big Reach Media, Inc. ("Big Reach") whereby Big Reach
will provide certain services to Maple Leaf that may be considered
investor relations and promotional activities on behalf of Maple
Leaf which require disclosure in this press release pursuant to the
policies of TSX Venture Exchange (the "TSXV").
Subject to the approval of the TSX Venture Exchange (the
"TSXV"), the terms of the Investor Relations Agreement
provide that the Company will pay Big Reach a monthly fee of
$5,000. The term of the Investor
Relations Agreement commences August 1,
2017 and is for an initial term of 6 months. At the end of
the initial term, Maple Leaf and Big Reach may agree to extend the
engagement on a month to month basis for a fee of $5,000 per month.
For further information regarding Maple Leaf Green World Inc.,
please visit www.mlgreenworld.com.
About Maple Leaf Green World Inc.
Maple Leaf is a public Canadian company that focuses on the
cannabis industry in North
America. The Company currently operates 3 cannabis projects
in British Columbia, California,
and Nevada. With over 10 years of
extensive greenhouse management experience, it applies its
eco-agriculture knowledge and cultivation technology to produce
contaminant-free organic cannabis products. Maple Leaf's long-term
objective is to produce cannabis oil and export its products to
approved countries.
Cautionary Statement
This press release includes certain statements that may be
deemed "forward-looking statements" within the meaning of
applicable Canadian securities legislation. Specifically, this
press release includes, but is not limited to, forward-looking
statements with respect to the review of the Transfer Application
and the timing thereof, timing with respect to making any suggested
changes from the Staff Panel before the Transfer Application is
presented to the Council for approval, the approval of the transfer
of the Nevada Permit to Maple Leaf, the construction of the Nevada
Site and the timelines thereof, and the anticipated approvals of
the Investor Relations Agreement and renewal of the terms
thereunder. Generally, forward-looking statements can be identified
by the forward-looking terminology such as "plans", "expects" or
"does not expect", "is expected", "budget", "scheduled",
"estimates", "projects", "intends", "anticipates", or "does not
anticipate", or "believes", or "variations of such words and
phrases or state that certain actions, events or results "may",
"can", "could", "would", "might", or "will" be taken", "occur" or
"be achieved". Forward-looking statements are subject to known and
unknown risks, uncertainties, and other factors that may cause the
actual results, level of activity, performance, or achievements of
the Company to be materially different from those expressed or
implied by such forward-looking statements, including but not
limited to: risks related to the development and operation of the
Company's projects, risks associated with general economic
conditions, adverse industry events, marketing costs, loss of
markets, future legislative and regulatory developments involving
medical cannabis, inability to access sufficient capital from
internal and external sources and/or inability to access sufficient
capital on favourable terms, the medical cannabis industry in
Canada and the jurisdictions where
the Company operates generally, including Nevada, income tax and regulatory matters,
competition, crop failure, currency and interest rate fluctuations,
regulatory approvals including approvals from the Council of the
Company's Transfer Application, and those factors discussed in the
sections relating to risk factors of our business filed in the
Company's required securities filings on SEDAR. Although the
Company has attempted to identify important factors that could
cause results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results to be materially different from those anticipated,
described, estimated, assessed or intended. There can be no
assurance that any forward-looking statements will prove accurate,
as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements. The Company
does not undertake to update any forward-looking statements that
are incorporated by reference herein, except in accordance with
applicable securities laws.
Neither TSX Venture Exchange nor 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.
SOURCE Maple Leaf Green World Inc.