Maple Leaf Green World, Inc. (OTC:MPEFF) (CVE:MGW) has announced that they just signed a Letter of Intent to purchase a permit to cultivate cannabis from BioNeva Innovations of Henderson LLC.
This permit will be for a 33,500 square foot indoor cultivation facility just over 15 miles from Las Vegas. The permit will cost Maple Leaf $500,000 and the definitive purchase agreement is set to be finalized on December 7th, 2016.
For those not so familiar with Maple Leaf Green World, Inc. it "is a Canadian company that focuses in the agricultural/environmental industry with four main areas of activity:
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 Canadian MMPR licensed producer status to grow medical cannabis in Canada for domestic consumption and export to approved countries.
California Project – It pursues opportunities within the medical cannabis industry in various States that have legalized marijuana. It is currently in a joint venture with a California non-profit collective.
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."
For Maple Leaf Green World's press release regarding the LOI, click here.
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