00:35:30 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Maple Leaf Green World Inc
Symbol MGW
Shares Issued 122,947,261
Close 2017-02-22 C$ 0.68
Market Cap C$ 83,604,137
Recent Sedar Documents

Maple Leaf Green has distance analysis from Henderson

2017-02-22 21:14 ET - News Release

Mr. Raymond Lai reports

MAPLE LEAF RECEIVES POSITIVE DISTANCE STUDY FROM CITY OF HENDERSON

Maple Leaf Green World Inc. has received a distance separation analysis (DSA) from the City of Henderson with respect to Maple Leaf's proposed site for a medical marijuana establishment-cultivation facility. The proposed site (see news release dated Jan. 30, 2017) was reviewed by City of Henderson staff for compliance with the City of Henderson Title 19 (medical marijuana establishment distance separation requirements) as listed in table 19.5.5-2 of the Henderson development code. Based on the findings in the DSA, the proposed site satisfies the minimum separation standards for protected uses and would be suitable for a medical marijuana establishment-cultivation facility within the city's boundaries. The proposed site meets the minimum buffer distance from protected uses as defined in NRS 453A and Chapter 19 of the City of Henderson municipal code.

The DSA is the most important step in transferring the existing cultivation permit held by BioNeva Innovations of Henderson LLC to the proposed site. As the DSA has been completed, the next steps will require the company to submit its building plans to the City of Henderson for approval of a conditional use permit (CUP). If the company is successful in obtaining a CUP, it can begin construction on the marijuana cultivation facility on the proposed site.

With the DSA in hand, the company will now proceed to complete the purchase of the proposed site and to finalize its acquisition of the permit, through the purchase of 100 per cent of the shares of BioNeva.

"There are only 10 permitted cultivation facilities serving about 27 dispensaries and six production licensees in the City of Henderson. Maple Leaf is well on its way to becoming the 11th permitted cultivator in this area (not includes Las Vegas), and we believe attaining this status will add significant value to the company," said Raymond Lai, president and chief executive officer of Maple Leaf.

Company's first shareholder reception

Maple Leaf Green World held its first shareholder reception on the evening of Feb. 4, 2017. The event was a great success, with over 150 people in attendance. The company's management team (including its project managers and chief growers from all three of its existing marijuana projects in Canada and the United States) was in attendance. The video of the event, along with an interview with Bubba Kush, will be available to view on the company's website on Feb. 23, 2017.

About Maple Leaf Green World Inc.

Maple Leaf Green World 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 ecoagriculture 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.

We seek Safe Harbor.

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