Maple Leaf Green World Inc.: Corporate Update
Online, October 26, 2015 (Newswire.com) - CALGARY, ALBERTA - Maple Leaf Green World (TSX VENTURE:MGW) ("Maple Leaf" or the "Company") announces the following updates for its current medical marijuana projects.
California Medical Marijuana Project
With the utility and water lines having been laid at the site and the expectation that all necessary permits will be issued this week, all of the basic ground preparation work for the Project will have been completed. Construction and installation of the cold frames will be commenced once the building equipment and materials arrive. In addition, the planned two cold frames at the site have now been designed to include a fully automated watering and temperature control system. Management believes this new model of cold frame will shorten the growing time and enhance the quality of the marijuana plants.
Canada MMPR Application
Mr. Ivan Ross Vrána, the Company's consultant for its Canadian MMPR license, has the following observations on the results of the recent federal election: "Now, with the Liberal Party's election win and a policy platform that calls for the legalization of cannabis, the federal government has a unique opportunity to start a discussion and debate which recognizes and understands the needs of patients, caregivers, physicians, nurses, scientists, pharmacists, municipalities, law enforcement agencies, licensed producers and advocates. One can hope that this new discussion will take place without the rhetoric which has plagued this health care issue for the last decade. The focus should be on creating a new system of polices and regulations which are evidence-based and responsive to the needs of Canadians." Mr. Vrána, who is also the founder of Asian Ross Consulting, has worked for the federal government for over 15 years; at the Patented Medicine Prices Review Board, Finance Canada and in various senior policy positions at Health Canada. At Health Canada he was in charge of the team that developed the policy rationale which led to the implementation of the Marihuana for Medical Purposes Regulations ("MMPR").
The Company applied for a MMPR license in August 2014 and is currently at stage 2 of the application process. Maple Leaf has been providing supplementary information in response to questions from Health Canada on an ongoing basis for the past 12 months. The Company's most recent response to information requests from Health Canada was completed in September 2015. With the recent federal election and the Liberal Party's election platform regarding the use of marijuana, the Company believes its application should be dealt with in a more timely fashion. Accordingly, in the past 6 months, the Company has been visiting dispensaries, clinics and compassion clubs in western Canada in an effort to establish strategic partnerships to facilitate the Company's future marketing programs.
For further information regarding Maple Leaf Green World Inc., please visit the www.mlgreenworld.com. The website has been updated with photos for the latest development of both projects.
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 greenhouse 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.
- Renewable Energy - It pursues various renewable energy projects around the world, including Yellowhorn in China which would provide valuable Yellowhorn seeds and ultimately oil from such seeds for the manufacture of bio-diesel fuel and premium healthy cooking oil.
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.
Oct. 27, 2015 - $0.055
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