SEATTLE, WA--(Marketwired - Mar 22, 2017) - CFN Media Group ("CannabisFN"), the leading creative agency and digital media network dedicated to legal cannabis, announces the publication of an article discussing Maple Leaf Green World Inc.'s (
Canada's cannabis industry is expected to reach upwards of $20 billion in annual revenue over the coming years as recreational legalization is rolled out nationwide. Investors looking to capitalize on these dynamics have a limited number of opportunities with less than 40 producers licensed by Health Canada. Since most of these companies already trade with C$100+ million market capitalizations, investors may want to consider those close to obtaining a license.
Maple Leaf is in the last stage of approval ("Stage 5") to become a licensed producer under the Access to Cannabis for Medical Purposes Regulations ("ACMPR"). With many licensed producers trading with $100+ million market capitalizations, a license could be a significant opportunity for the company given its modest C$77 million existing market cap (as of March 16, 2017) -- even without considering its other business ventures in the United States.
In March, the company announced that it intends to raise up to C$6 million in a non-brokered private placement to accredited investors. The proposed private placement consists of an offering of up to 11 million units at a subscription price of $0.55 per unit, each unit being comprised of one common share and one common share purchase warrant. Each warrant will be exercisable at a price of $0.85 for a period of two years after closing.
Maple Leaf has been working with TheraCann, a leading full service international marijuana consultancy, to prepare for the final stage of approval from Health Canada. After completing a site visit, the team made the decision to construct a new facility on 33 acres of vacant land rather than attempting to renovate the existing facility. This will enable the company to use the latest technologies to increase production per square foot and reduce production costs.
Please follow the link to read the full article: http://www.cannabisfn.com/maple-leaf-doubles-acmpr-license/
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About CFN Media CFN Media (CannabisFN) is the leading creative agency and media network dedicated to legal cannabis. We help marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.
Disclaimer: Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns CFN Media and CannabisFN.com , is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://www.cannabisfn.com/legal-disclaimer/ .
Frank Lane 206.369.7050 flane@cannabisfn.com
