9 November 2016
Maple Leaf to acquire cultivation permit near Las Vegas, Nevada
CALGARY , Nov. 8, 2016 /CNW/ – Maple Leaf Green World (MGW-V) (“Maple Leaf” or the “Company“) announces that it has signed a Letter of Intent ( the “LOI“) with BioNeva Innovations of Henderson LLC (“BioNeva“) to purchase a cultivation permit for 33,500 sq ft indoor facility (the “Permit“) issued by the State of Nevada , and located in the city of Henderson, Nevada , located 16 miles from Las Vegas .Nov. 8, 2016 –$0.82
Under the terms of LOI, Maple Leaf has agreed to purchase the Permit from BioNeva for US$500,000 , subject to a 50% reduction in the purchase price if the November 8 th referendum in Nevada on the legalization of marijuana for recreational use does not pass. BioNeva agrees to transfer the Permit to Maple Leaf within 30 days. In addition, Maple Leaf has agreed to engage a primary member of BioNeva, Bill Monroe , as a consultant to assist the Company with the transfer of the Permit and subsequently, to guide the development of Maple Leaf’s operations in Nevada . The Company anticipates that a definitive Purchase Agreement for the Permit together with the associated management consulting contract will be finalized on or about December 7, 2016 .
BioNeva was formed by local businessmen, led by Nevada native Dan Larkin . The founders of BioNeva also operate a solar cultivation facility in Carson City , Nevada. Mr. Monroe has been involved in the cannabis industry for the past eight years and over this time, he has developed excellent connections in Nevada for the distribution and sale of cannabis products. He is also a national board member of the National Council of the Cannabis Chamber of Commerce.
“We are thrilled to be able to purchase this cultivation permit so close to Las Vegas at a reasonable price, and we are especially pleased to have the opportunity to engage the services of Bill Monroe to assist us with the development of our operations in Nevada .” said Raymond Lai , President & C.E.O. of Maple Leaf.
For further information regarding Maple Leaf Green World Inc., please visit the 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 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.
- 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.