Maple Leaf Green World Inc. Receives Conditional Listing Approval from Canadian Securities Exchange (CSE) and Appoints New VP...
May 26 2021 - 8:30AM
Maple Leaf Green World Inc. (“
Maple Leaf” or the
“
Company”) (
NEO: MGW, OTCQB:
MGWFF) is pleased to announce that it has received
conditional approval from the Canadian Securities Exchange (the
“
CSE”) for the listing
(“
Listing”) of the shares of the Company (the
“
Shares”) subject to satisfying the listing
requirements of the CSE.
Trading of the Company’s shares is expected to commence on June
1, 2021 after filing of certain customary conditions required by
the CSE. Upon completion of the final listing requirements, the
Company’s common shares will be delisted from the NEO Exchange.
The Company is also pleased to welcome Mr. Leonard Davis to lead
its Sales & Marketing team as V.P. of Marketing. Mr. Davis
played a pivotal role in orchestrating the Swissx cultivation
partnership agreement as announced in the press release dated May
13, 2021.
Mr. Davis has been in the soft goods manufacturing and sourcing
business for over thirty years, assisting various companies to
streamline process, increase product quality and distribution. In
January 2018, Mr. Davis co-founded AIP2020, a hemp based business
in California, where he was COO and was responsible for
manufacturing, development and marketing. Within the first 3
months, AIP2020 built a revenue stream of USD $100,000 per month
selling flower and pre-rolls. After adding edibles, the revenue
jumped to USD $150,000 within 2 months.
Mr. Davis’s experiences led him to operate independently as a
consultant where he shares his expertise in manufacturing, sourcing
and development by constructing a framework that enables growth in
both sales and profits. The Hemp industry is one of the fastest
growing segments in the US and it is projected to reach USD $16B by
2027. Mr. Davis brings his passion, collaborative spirit and
innovative mind set to a fast growing hemp industry.
“I had the pleasure of touring Maple Leaf’s farm and discussing
the operation with their management team. I was quite impressed
with their setup and what they have achieved so far. They have a
great product and I have some ideas that I believe can help elevate
their presence in the market place. I feel comfortable with an
initial annual revenue projection of USD $1-5M,” says Leonard
Davis.
“We are excited to have Mr. Davis join our sales and marketing
team. His extensive experience in marketing and product development
will expedite our sales goals and add great value to our management
team. Welcome aboard!” said Raymond Lai, President & CEO of
Maple Leaf.
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/.
About Maple Leaf Green World Inc.
Maple Leaf is a public Canadian company that is focused on the
hemp industry in North America. The Company currently has a hemp
project in Southern 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.”
Forward Looking and Cautionary Statements
This news release may include forward-looking statements
including opinions, assumptions, estimates, the Company's
assessment of future plans and operations, and, more particularly,
statements concerning: the Proposed Transaction and the timing
thereof; When used in this document, the words "will,"
"anticipate," "believe," "estimate," "expect," "intent," "may,"
"project," "should," and similar expressions are intended to be
among the statements that identify forward-looking statements. The
forward-looking statements are founded on the basis of expectations
and assumptions made by the Company that include, but are not
limited to, the timely receipt of all required regulatory and
third-party approvals, including approvals from NEO and from the
shareholders of Maple Leaf. Forward-looking statements are subject
to a wide range of risks and uncertainties, and although the
Company believes that the expectations represented by such
forward-looking statements are reasonable, there can be no
assurance that such expectations will be realized. Any number of
important factors could cause actual results to differ materially
from those in the forward-looking statements including, but not
limited to: regulatory and third party approvals, including
approvals from NEO and from the shareholders of Maple Leaf, not
being obtained in the manner or timing anticipated; the ability to
implement corporate strategies; the state of domestic capital
markets; the ability to obtain financing; changes in general market
conditions; industry conditions and events; and other factors more
fully described from time to time in the reports and filings made
by the Company with securities regulatory authorities. Please
refer to the Company's annual information form ("AIF") for the year
ended December 31, 2020 and management's discussion and
analysis ("MD&A") thereof for additional risk factors relating
to the Company. The AIF and MD&A can be accessed under the
Company's profile on www.sedar.com.
Except as required by applicable laws, the Company does not
undertake any obligation to publicly update or revise any
forward-looking statements.
For further information, please contact:
Maple Leaf Green World Inc. Raymond Lai,
Chairman, President & CEO+1(403)
452-4552rlai@mlgreenworld.com
Billy Bewcyk, V.P. for Business Development+1(403)
616-4877wbewcyk@mlgreenworld.com
Maple Leaf Green World (NEO:MGW)
Historical Stock Chart
From Jun 2024 to Jul 2024
Maple Leaf Green World (NEO:MGW)
Historical Stock Chart
From Jul 2023 to Jul 2024