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Maple Leaf Green World Inc
Symbol MGW
Shares Issued 161,355,398
Close 2020-05-26 C$ 0.065
Recent Sedar Documents

Maple Leaf Green receives $2.6M (U.S.) purchase order

2020-05-27 09:19 ET - News Release

Mr. Raymond Lai reports

MAPLE LEAF GREEN WORLD INC. RECEIVES A US$2.6 MILLION PURCHASE ORDER FROM CANNA TRADING COMPANY OF CALIFORNIA, U.S.A.

Maple Leaf Green World Inc. has received a purchase order from a subsidiary of Canna Trading Co. for 5,000 pounds of La Creme flower and 5,000 pounds of biomass priced at $400 (U.S.) per pound and $125 (U.S.) per pound, respectively, totalling $2,625,000 (U.S.). These prices are subject to change based on the market price for the product at the time of shipment. The company expects to ship these products in July/August when the first harvest of La Creme is complete at its Riverside site.

Canna is a manufacturer and formulator of hemp cannabidiol products in the Central Coast area of California. Established in 2015, Canna began with the development of a CBD vape product line. This helped it to explore more alternative delivery methods of CBD and cannabis for consumers. One of its goals is to provide a clean, pure and natural product while maintaining affordable prices. This purchase order is its first step to developing cannabigerol products for its customers. For more information on Canna, please visit its website.

"We are excited to receive this sizable purchase order from Canna. This marks a major milestone for our CBG hemp project and for Maple Leaf. We expect to develop a long-term relationship with Canna by providing them with high-quality CBG products," said Raymond Lai, president and chief executive officer

For further information and updates regarding the company, please visit its website.

About Maple Leaf Green World Inc.

Maple Leaf is focused on the cannabis and hemp industry in North America.

We seek Safe Harbor.

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