Maple Leaf Green World Inc.

June 22, 2015 22:40 ET

Maple Leaf Green World Inc.: Corporate Developments in California

CALGARY, ALBERTA--(Marketwired - June 22, 2015) - 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 announces that the drilling of its water well announced on June 4th has been completed. Water was encountered at the depth of 690 ft and the flow rate is between 25 to 30 gallons a minute. Management believes the water supply from this well will be sufficient, not only for its current medical marijuana project, but also for possible expansion(s) in the future to meet increased demand.

On the regulatory front, Assembly Bill 266 ("AB266") has recently been passed in California, with the support of the League of California Cities, Police Unions, Growers, ASA, and many other organizations. According to official commentary on the new legislation, AB 266 spreads regulatory authority around the capitol, establishing a licensing and regulatory framework for medical cannabis under a new "Office of Marijuana Regulation" within the Office of the Governor. Maple Leaf believes AB266 clears away any remaining uncertainty for all marijuana growers in California and it also provides a clear path for next year's public referendum on the legalization of the recreational marijuana.

"We are thrilled to find water under the current severe drought condition in California so we can move forward with the project. We are also encouraged that California has had progress developing balanced state-wide medical marijuana regulations." said Raymond Lai, President & C.E.O. of Maple Leaf.

For further information regarding Maple Leaf Green World Inc., visit

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:

  1. 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.

  2. 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.

  3. 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.

  4. 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.

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