MAPLE LEAF GREEN WORLD INC.
February 6, 2018
CALGARY, ALBERTA – Maple Leaf Green World Inc. (“Maple Leaf” or the “Company”) (TSXV: MGW, OTCQB: MGWFF) announces that, further to the Company’s ongoing discussions with the TSX Venture Exchange (the “TSXV”) and in connection with the TSXV Bulletin dated October 16, 2017 re: Business Activities Related to Marijuana in the United States (the “Exchange Bulletin”), the Company has received a notice from the TSXV (the “Notice”) as a result of the Company’s current business activities in Nevada. Pursuant to the Notice, the Company must provide the TSXV with satisfactory documentation that it is in compliance with the requirements set out in the Exchange Bulletin by February 26, 2018. To comply with Exchange requirements, the Company will be required to divest of its interests in the United States or transfer the listing of its common shares (“Common Shares”) in accordance with the policies of the TSXV. As the Company’s operations in Nevada have not advanced to the stage of cannabis cultivation or production at this time, the Company is of the view that it is currently in compliance with the Exchange Bulletin and has made a submission to the TSXV clarifying the state of its current operations in the United States.
The Company is of the view that its continued operations in the United States are integral to its business and the value that it expects to provide to its shareholders. Maple Leaf believes that it is in the best interests of its shareholders to voluntarily delist the Common Shares from the TSXV, instead of divesting Maple Leaf’s assets in the U.S, and concurrently list the Common Shares on another public stock exchange in Canada. The Company has made an initial application to list its Common Shares on a public stock exchange in Canada and is excited at the potential of listing the Common Shares on such exchange and the opportunities it provides to its investors, as Maple Leaf continues the ongoing development of its business operations. The Company will provide further updates in future press releases surrounding the status and timing of the transfer of the listing of its Common Shares.
For further information regarding the Company, please visit www.mlgreenworld.com.
About Maple Leaf Green World Inc.
Maple Leaf is a public Canadian company that focuses on the cannabis industry in North America. The Company currently operates three cannabis projects in British Columbia, California, and Nevada. With over ten years of extensive greenhouse management experience, the Company applies its eco-agriculture knowledge and cultivation technology to produce contaminant-free organic cannabis products. Maple Leaf’s long-term objective is to produce cannabis oil and to export its products to approved countries. The Company’s common shares are listed for trading on the TSXV under the symbol “MGW” and on the OTCQB market under the symbol “MGWFF”.
Certain statements in this press release are “forward-looking” statements within the meaning of Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Forward-looking statements in this press release include, but are not limited to, the voluntary delisting of the Common Shares from the TSXV, the conditional and final approval for listing of the Common Shares on another Canadian public stock exchange, management’s anticipated benefits to the Company and its shareholders in respect of listing on a different Canadian public stock exchange, and timing for listing on another Canadian public stock exchange. Forward-looking statements are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “in the event”, “if”, “believes”, “assets”, “position”, “intends”, “envisages”, “assumes”, “recommends”, “estimates”, “approximate”, “projects”, “potential”, “indicate” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Forward-looking statements are necessarily based upon the current belief, opinions and expectations of management that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, and social uncertainties, and other contingencies. Many factors could cause the Company’s actual results to differ materially from those expressed or implied in the forward looking statements. These factors include, among others, the listing of the Common Shares on a Canadian public stock exchange and delisting of the Common Shares from the TSXV. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.
Although, the Company believes that expectations and assumptions reflected in the forward-looking information are reasonable, there can be no assurance that any forward-looking information will prove accurate, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. These forward-looking statements are made as of the date of this press release and the Company does not undertake to update any forward-looking information contained in this press release or that is incorporated by reference herein, whether as a result of new information, future events or results or otherwise, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor 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.
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