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Maple Leaf Green World Inc (CVE:MGW) Releases An Update On American Medical Cannabis Operations

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Maple Leaf Green World Inc (CVE:MGW) released an update of its Nevada and California cannabis operations. In Nevada, the company completed the acquisition of four acres of industrial property in the City of Henderson, as reported in January.

The details

Maple Leaf management anticipates to make a formal request to the City of Henderson in this month after the architectural design has been finalized by Paramount Structures Inc. for the planned Nevada Facility. This facility meets the minimum separation guidelines for protected uses in the city and has fulfilled the applicable initial guidelines for a Medical Marijuana Establishment Cultivation Facility as initially reported on February 22, 2017.

Maple management anticipates that the transfer of a current cultivation permit owned by BioNeva Innovations to MGW will be permitted by the special team of the City of Henderson. The firm will be informed of approval post the special committee meeting in this month. Upon permit approval, pre-fabrication of Nevada Facility is anticipated to start and the fixing of the on-site modular structure is projected to be closed by year end.

Maple Leaf is getting ready for expansion of its greenhouse facility site based in Southern California by arranging for a modular home to be mounted. The California Facility will gain from the installation to accommodate additional staff needed by the expansion plan.

Maple Leaf is in the course of buying property in San Bernardino County so as to apply for a medical cannabis grow permit. This is part of company’s expansion plan as it looks for the decriminalization of medical cannabis grow facilities in San Diego County. It will grow any medicinal cannabis in San Bernardino only after all requisite regulatory nods have been received.

In the last trading session, the stock price of Maple Leaf gained more than 8% to close the day at $0.335.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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