Maple Leaf Green World Inc.

March 25, 2014 16:48 ET

Maple Leaf to Pursue Licence to Grow Medical Marijuana in Canada

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 25, 2014) - Maple Leaf Green World (TSX VENTURE:MGW) ("Maple Leaf" or the "Company") announces that it has engaged a professional consulting group to advise on opportunities to obtain an MMPR License (Marijuana for Medical Purposes Regulation License) from Health Canada and follow on business opportunities.

Maple Leaf has determined that given the knowledge and years of experience that its personnel have in greenhouse operations, and combined with its soil enhancement technology partnership, it is well positioned to consider licensed business opportunities in Canada to grow top quality marijuana and to pursue in the medical marijuana business.

Maple Leaf's objective is to acquire requisite licences and facilities to grow pesticide free, top grade marijuana from contamination-free soil. Management believes that the knowledge and expertise accumulated through years of experience in greenhouse operations combined with the soil enhancement technology, provides a solid basis of experience for the Company.

Health Canada estimates that the medical marijuana market could be worth as much as $1.3 billion Cdn by 2024. Analysts and industry experts speculate that the new commercial marijuana business could reach $2.6 billion by 2016. Medical marijuana is currently legal in 20 U.S. states and several other states are considering both medical and recreational legalization of marijuana which provides an opportunity for quality Canadian growers to expand south.

The Company has not yet entered into any agreements in connection with the operation of a medical marijuana business.

There is no assurance that the Company will be qualified to seek requisite licences and if so, will be able to obtain such licences. Additionally, there is no assurance that the Company will be able to acquire the required assets to become a grower of medical marijuana, if licensed to do so.

Corporate Update

Maple Leaf has three ongoing projects in China; namely a soil enhancement program with Lin Ze Bo Tech Co. Ltd in Ordo, Inner Mongolia (announced on May 13, 2013), a vegetable greenhouse plan agreed to with Taiping, Inner Mongolia ( announced on Nov. 5, 2012 and Sept. 16, 2013) and a peat moss distribution centre in Huizhou, Guangdong (announced on Sept. 16, 2013).

Maple Leaf intends to continue to review business opportunities, primarily in Canada and China.

About Maple Leaf Green World Inc.

Maple Leaf is a Canadian company that focuses in the agricultural/environmental industry with two main areas of activity:

  1. Eco-Agriculture - it operates businesses in Inner Mongolia, China that are focused on growing value-added agricultural and nursery products, including supply of requisite input products and nursery operations.

  2. Renewable Energy - pursuit of renewable energy projects globally, including sale and export of Yellowhorn grown in China to produce 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. 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 status of, and ability to capitalize on, opportunities available to the Company and review 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 that may affect Maple Leaf's operations, including, but are not limited to: the impact of general economic conditions; industry conditions; available equity or debt financing; government and regulatory developments including availability of requisite licences; 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 transpire or occur, or if any of them do transpire or occur, what benefits Maple Leaf will derive there from.

Maple Leaf maintains a forward-looking statement database which is reviewed by management on a regular basis to ensure that no material change has occurred with respect to such forecasts. The Company will publicly disclose such material changes to its forward-looking statements as soon as they are known to management.

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