Maple Leaf Green World, 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, holds a medical cannabis cultivation facility and a Class 5 business license to produce cannabis.
The company purchased 3.89 acres of land in the City of Henderson for the construction of a 20,000 sq. ft. cannabis production facility. Phase I capacity is projected at 3,265 kgs (7,200 lbs) of dried cannabis. The expansion capacity is up to 33,500 sq. ft. for Phase II.
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 combined with the Rethinking system, construction timelines may reduce by up to 80% as compared to traditional construction methodologies.
SSGW is applying for a building permit from the City of Henderson and construction will, thereafter, commence immediately. The anticipated completion and operational date is fall of 2018.
It is expected that the annual demand for cannabis in Las Vegas will reach 66,000 kgs (145,000 lbs) in 2018. ‘Las Vegas accepts 40M visitors annually’. (Statista).
[Figures are forward looking].