CALGARY, Alberta, Sept. 01, 2020 (GLOBE NEWSWIRE) -- Maple Leaf Green World Inc. (“Maple Leaf” or the “Company”) (NEO: MGW, OTCQB: MGWFF) is pleased to provide the following update for its California CBG Hemp Project. A sample from a selective batch of La Crème from the first 2 greenhouses which is 2 – 4 weeks from full maturity, has been submitted for lab analysis and the results indicate an incredible 13.90% CBG, 0.07% THC and no other cannabinoids detected. It is noteworthy that most samples would present traces of other cannabinoids as enzymes break down CBGa to produce other cannabinoids. The lack of these other cannabinoids indicates a pure CBG flower.
The plants have been kept longer in the vegetative stage deliberately to develop larger buds and higher poundage. The low THC nature of the La Crème strain has allowed the Company to make adjustments during the vegetative phase to maximize both CBG concentration and yield. These plants will be ready for harvesting within the next 2 – 4 weeks.
The outdoor crop is also displaying numerous large buds and is estimated to produce 2 – 3 lbs of flower per plant. The Company’s cultivation team is excited with the early results and is confident that the flowers, when fully mature, will achieve a minimum of 18% CBG. As the Company prepares for its first harvest, clones have also been cut and setup for the 2nd harvest.
The preliminary Certificate of Analysis (“COA”) has been posted to the company’s website.
“I am very impressed with the purity of our first harvest. The low THC nature of this strain gave us the flexibility to extend the length of our vegetating stage to obtain higher CBG content and larger buds without the risk of our harvest going hot. This will be resulted in approximately 30-40% increase in yield. We are excited to see the final results from a fully mature flower.”
- Raymond Lai, Chairman, President & CEO
For further information and updates regarding the Company, please visit https://www.mlgreenworld.com/.
For updates regarding the California CBG Hemp Project, please visit https://www.gsgreenworld.com/.
About Maple Leaf Green World Inc.
Maple Leaf is a public Canadian company that focuses on the cannabis and hemp industry in North America. The Company currently has cannabis and hemp projects in British Columbia and California. With over 10 years of extensive greenhouse management experience, the Company applies its eco-agriculture knowledge and cultivation technology to produce contaminant-free cannabis products. Maple Leaf’s long-term objective is to produce cannabis oil and to export its products to approved countries. The Company’s common shares are listed for trading on the Aequitas NEO Exchange Inc. under the symbol “MGW” and on the OTCQB market under the symbol “MGWFF.”
Forward Looking and Cautionary Statements
This news release may include forward-looking statements including opinions, assumptions, estimates, the Company's assessment of future plans and operations, and, more particularly, statements concerning: the Proposed Transaction and the timing thereof; When used in this document, the words "will," "anticipate," "believe," "estimate," "expect," "intent," "may," "project," "should," and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by the Company that include, but are not limited to, the timely receipt of all required regulatory and third-party approvals, including approvals from NEO and from the shareholders of Maple Leaf. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to: regulatory and third party approvals, including approvals from NEO and from the shareholders of Maple Leaf, not being obtained in the manner or timing anticipated; the ability to implement corporate strategies; the state of domestic capital markets; the ability to obtain financing; changes in general market conditions; industry conditions and events; and other factors more fully described from time to time in the reports and filings made by the Company with securities regulatory authorities. Please refer to the Company's annual information form ("AIF") for the year ended December 31, 2018 and management's discussion and analysis ("MD&A") thereof for additional risk factors relating to the Company. The AIF and MD&A can be accessed under the Company's profile on www.sedar.com.
Except as required by applicable laws, the Company does not undertake any obligation to publicly update or revise any forward-looking statements.
For further information, please contact:
Maple Leaf Green World Inc.
Raymond Lai, Chairman, President & CEO
+1(403) 452-4552
rlai@mlgreenworld.com
Billy Bewcyk, V.P. for Business Development
+1(403) 616-4877
wbewcyk@mlgreenworld.com