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USA – Henderson

MGW, operating through its wholly owned subsidiary Silver State Green World LLC (SSGW), acquired BioNeva Innovations Inc. (BioNeva), including its cannabis cultivation permit.

BioNeva, based in Henderson, Nevada, (25 km south of Las Vegas), holds a medical marijuana established – cultivation facility – class 5 business license to produce cannabis.

SSGW purchased 4 Acres of land in the City of Henderson in 2017 for the construction [Phase 1] of a 20,000 sq. ft. (licensed grow space) cannabis production facility. [Phase 2- 33,500 sq. ft.].

The expansion capacity of 4 acres of land is approx. 500,000 sq. ft.

SSGW has contracted Calgary-based TGP LLC for project management, procurement, & engineering, and (*) Rethinking Construction for construction.

Rethinking uses RC’s Canna-Shield™ system, which offers a factory manufactured panelized building solution using Canadian Construction Materials Centre (“CCMC”) certified magnesium oxide (“MgO”) board.

The Canna-Shield™ product offers fire, water, mold, impact, and insect resistance, ideal for the cannabis industry.

Using the factory manufactured panels, Also using this system, construction timelines may reduce by up to 80% as compared with traditional construction methodologies.

SSGW is applying for a building permit from the City of Henderson and construction will, thereafter, commence immediately.

Phase 1 Capacity is projected at 3,265 kgs. (7,200 lbs.) of dry Cannabis. [Figures are forward looking].