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Maple Leaf Appoints a Vice President to Head Medical Marijuana Project
|By Marketwired .
|April 1, 2014 07:18 PM EDT
CALGARY, ALBERTA -- (Marketwired) -- 04/01/14 -- Maple Leaf Green World Inc. (TSX VENTURE:MGW) ("Maple Leaf" or the "Company") announces that it has appointed a Director of the Company's Board, Mr. Joe Wong as the Vice President of Operations, to spearhead the Medical Marijuana Project (the "Project"). Mr. Wong is a highly experienced Horticulturist, resident of B.C., and has spent the last 30 years improving nursery production systems and greenhouse systems and growing quality seedlings in the field as bare-root and "in containers". Mr. Wong began his agriculture nursery career with the B.C. Ministry of Forests in 1978. In 1985, Mr. Wong started Woodmere Nursery. He managed the design and construction of a greenhouse facility with initial crop production of 2.5 million containerized seedlings per year and has now increased these operations to growing 12 million seedlings annually.
Mr. Wong has extensive experience assisting field silviculturists in improving reforestation success from seed collection to planting through implementation of research trials and analysis of plantation failures. He has also reduced costs for silviculture programs by reducing the usage of seeds, growing crops with less energy and reducing the time to grow certain species. Mr. Wong has also been involved throughout his career in genetic improvement and research on the benefits of ectomycorrhizae symbiotic relationships in reforestation and afforestation. Led by Mr. Wong, Woodmere Nursery has won the prestigious Northern Forest Innovator's Award for its research into improving germination of Subalpine fir trees (Abies lasiocarpa).
Mr. Wong's first task will be to identify growing facilities and to work closely with co-consultants in applying for the MMPR License (Marijuana for Medical Purposes Regulation License) from Health Canada.
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 obtain 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 financing assets to become a grower of medical marijuana, if licensed to do so.
Maple Leaf's business plan for the Project, if licensed, is to grow only strains of Cannabis species that have the highest Cannabidiol (CBD) levels. The Company intends to include plans to genetically improve existing strains, thus developing its own strains brandname. If achieved, the Company could also become a commercial supplier of propagules (seeds and cuttings) with high CBD to other growers. The Company will establish high quality assurance programs, so that the product grown and sold will have the necessary concentration of CBD. The Company intends, if licensed, to also incorporate soil enhancement bio-products to increase yields and CBD.
With Mr. Wong's extensive nursery experience and the compliment of the soil enhancement technology, the Company has a vision of becoming the leader in growing CBD efficiently and sustainably and making its products available to those suffering from illnesses that CBD will help.
For further information regarding Maple Leaf Green World Inc., visit www.mlgreenworld.com.
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 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.
2. 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. 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; ability to successfully cultivate and market effective products, including marijuana with sufficient levels of CBD; 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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