Online, May 12, 2015 (Newswire.com) - CALGARY, ALBERTA - Maple Leaf Green World Inc. (TSX VENTURE:MGW) ("Maple Leaf" or the "Company") provides the following update on certain operational initiatives and corporate matters:
Medicial Marijuana Project in California
The Company is pleased to announce that it has retained Mr. Joe Rogoway as the Company's legal advisor for its previously announced California project and other U.S. medical marijuana initiatives.
Joseph A Rogoway is the founder of Rogoway Law Group, a boutique criminal defense, business, and cannabis law firm headquartered in Santa Rosa, California with satellite offices in Beverley Hills and Chicago. In addition to being a prominent criminal defense attorney, Mr. Rogoway is a leader in the emerging cannabis industry where his practice includes assisting start-ups with entity formation, transactional matters, and regulatory compliance. The Rogoway Law Groups' practice areas also include political consulting and advocacy where Mr. Rogoway has a central role in the legalization of cannabis in California. Joe Rogoway is on the board of directors for the Coalition for Cannabis Policy Reform, Founder of CAN PAC, the political action committee for the cannabis industry, and member of the California Cannabis Industry Association, the National Cannabis Industry Association, and the NORML Legal Committee.
Private Placement
The Company has now received final acceptance from the TSX Venture Exchange for its previously announced non-brokered unit offering of common shares and warrants at a price of $0.05 per unit. Gross proceeds of $200,000 were raised and all securities issued in connection with the private placement are subject to resale restrictions, which will expire on August 9, 2015. Maple Leaf will seek to raise the balance of the required funding (approximately $300,000) for its California project from other sources.
Investor Relations
The Company has extended the engagement of FronTier Merchant Capital Group for the provision of investor relations services for another six months commencing May 1, 2015 under the same terms as were previously outlined in the Company's news release dated November 3, 2014. The investor relations services agreement with Mr. Lawrie Koyle (also announced on November 3, 2014) has expired and will not be renewed at this time.
"We are thrilled that we have retained the services of Mr. Joe Rogoway to help us spearhead our California project and other potential medical marijuana projects in the United States. The 2016 public referendum for legalizing and licensing marijuana for both medical and recreational purposes in California will be a landmark for the California marijuana industry and Maple Leaf will be well positioned to take advantage of such developments with the guidance and assistance of Mr. Rogoway." said President and C.E.O. of Maple Leaf, Raymond Lai.
For further information regarding Maple Leaf Green World Inc., visit www.mlgreenworld.com.
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 a 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 joint ventured 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.
Source URL: http://www.marketwired.com/mw/release.do?id=2019661&sourceType=3
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