Maple Leaf (MPEFF) Applies for CA Licenses for MMJ Project


Ryan Allway

May 4th, 2016

News, Top Story


[stockchart symbol=MPEFF]

Maple Leaf Green World [stockquote symbol=MPEFF] (TSX-V: MGW), an agricultural and energy firm focused on securing an MMPR license in Canada and advancing a grow project through a joint venture in the U.S., recently announced that all of the plants growing in its rental greenhouse have been moved to its newly-constructed greenhouse and management is applying for a seller’s permit and resale certificate from California regulators.

MPEFF-05042016-1

Figure 1 – Plants Moving to New Greenhouse – Source: Maple Leaf

After receiving the permits, which management anticipates will take about two weeks, the company will be in full compliance with California laws governing the growing and sale of marijuana for medical purposes. The certificates will also permit the company to apply for a new medical marijuana license as soon as they become available.

Maple Leaf also announced that it decided to join the United Food & Commercial Workers International Union. By doing so, the company will be well positioned to obtain a new medical license when it becomes available in addition to demonstrating its strong support for workers’ rights. Management plans to update shareholders as the regulatory situation evolves and it becomes able to apply for these new licenses.

In addition to its California joint venture, Maple Leaf continues to pursue opportunities in Canada’s medical marijuana market. The company has an outstanding agreement to lease a greenhouse facility with Woodmere Nursery Ltd. and is seeking licensed producer status.

The company also has several projects around the world focused on eco-agriculture and renewable energy that remain in early stages of development. These projects could yield opportunities in anti-desertification, bio-diesel fuel, and healthy cooking oils. Many of these projects are based in China where it has agreements in place.

For more information, visit the company’s website at www.mlgreenworld.com.

Shares of Maple Leaf jumped nearly 5% on Tuesday following the news.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.


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