(TSX-V: MGW, OTCQB: MGWFF)
May 24, 2017 - $0.50
CALGARY, May 24, 2017 /CNW/ - Maple Leaf Green World
Inc. (TSXV: MGW) ("Maple Leaf" or the "Company") is
pleased to announce that it has engaged Paramount Structures Inc.
("PSI"), a Calgary based
company, for the design, engineering and construction of both of
its Cannabis cultivation facilities at Telkwa, B.C. (the "B.C. Facility") and
Henderson, Nevada (the "Nevada
Facility").
PSI specializes in the design and construction of high
performance building envelopes ("HPBEs") for the industrial,
commercial and residential sectors. The HPBEs utilize unique
materials and construction methods well suited for controlled
environment agriculture by being impervious to mold, resistant to
water & fire, pest resistant and non-toxic while being highly
energy efficient and durable. PSI's HPBEs incorporate modular
construction which reduces time to completion relative to
traditional construction methods and can be designed for easy
future expansion.
For the Company's B.C. Facility, the Company intends to develop
the 80,000 sq. ft. facility by two or three phases, with the first
phase of 30,000 sq. ft. started immediately and next second and/or
third phase to be completed after the Company's application for a
license to produce and sell cannabis from Health Canada pursuant to
the Access to Cannabis for Medical Purposes Regulations
("ACMPR") has been approved and operation has been
streamlined. The Company is currently at Stage 5 – Review with the
ACMPR application. The Company is also in the process of
formalizing its agreement with Woodmere Nursery Ltd. to revise the
original leasing agreement from a lease of the greenhouse facility
to a lease of land situated on the premises.
For the Company's Nevada Facility, the Company also intends to
develop the 33,500 sq. ft. Facility by two phases, with the first
phase of 20,000 sq. ft. to be started immediately and the next
phase to be completed after the operation has been streamlined.
A more detailed construction plan for both facilities will be
announced once all engineering design has been done.
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. 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 news release includes certain statements that may be
deemed "forward-looking statements" within the meaning of
applicable Canadian securities legislation. Specifically, this news
release includes, but is not limited to, forward-looking statements
with respect to the development of the B.C. Facility, the Nevada
Facility, expected benefits of the Company's engagement of PSI, and
anticipated approvals of the Company's application for a license
under the ACMPR. 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, income tax and regulatory matters,
competition, crop failure, currency and interest rate fluctuations,
regulatory approvals including approvals from the Health Canada of
the Company's ACMPR license 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.