Become A Featured Company

Maple Leaf Raises C$7.3 Million to Execute Ambitious Plans

Ryan Allway

May 8th, 2017

News, Top News

The Canadian cannabis industry is expected to reach upwards of C$22.6 billion in annual revenue over the coming years, according to Deloitte. Among the roughly 40 licensed producers authorized to cultivate the drug, the analyst firm believes that more than 600,000 kilograms will need to be grown each year to meet rising consumer demand. This translates to a compelling opportunity for the few existing licensed producers and those poised for a near-term license.

In the United States, the industry is projected to grow to an even larger $50 billion, according to Cowen & Co., despite the lack of federal legalization. Strong public support and the recent legalization of recreational marijuana in California and Nevada have proven to be significant catalysts for the country’s growing industry. These dynamics have similarly translated to many opportunities for companies operating in various states.

In this article, we will take a closer look at Maple Leaf Green World Inc.’s (TSX-V: MGW) recent move to increase its private placement and raise capital to execute its ambitious plans.

Ambitious Plans Ahead

Maple Leaf has cannabis projects in both the United States and Canada, which provides investors with diversified exposure to the global industry.

In Canada, the company 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 C$100+ million market capitalizations, the Canadian operation alone could be enough to increase its modest C$75 million market capitalization (as of May 3, 2017), even excluding its growing United States operations.

In the United States, the company has established a joint venture with a California-based non-profit co-op to cultivate cannabis for its members on 20 acres of land in two greenhouses. These operations have been in production since September 2016. In addition, the company is in the process of acquiring and permitting a 33,500 square foot cultivation facility in Henderson, Nevada, which is located just 15 miles from Las Vegas, Nevada.

Strong Investor Demand

Maple Leaf has seen tremendous interest among investors, judging by the oversubscription of its private placement transactions.

On May 1, the company announced that, due to higher than anticipated demand and increased capital requirements for its Canadian facility, it would be increasing its previously announced private placement to an offering of 13,216,070 units at a price of C$0.55 per unit for aggregate gross proceeds of $7,268,838.50. Each unit consists of one common share and one common share purchase warrant that’s exercisable for two years at a price of C$0.85 per share.

The offering closed on May 4, 2017 after approval from the TSX Venture Exchange. The proceeds will go a long way towards advancing the company’s United States and Canadian projects with any extra proceeds being diverted for general corporate purposes. The strong investor interest is also a positive sign for the company’s stock, which has seen considerably volatility over the past several months.

Looking Ahead

Maple Leaf Green World Inc.’s (TSX-V: MGW) is well-positioned to capitalize on both the United States’ and Canadian cannabis industries. With financing in hand, the company plans to continue the build out of its British Columbia facility while simultaneously completing the permitting and build out of its Nevada facility. Investors may want to keep an eye on the stock given these significant near-term catalysts.

For more information, visit the company’s website or CannabisFN’s company profile.

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.

Network Partners

Follow Us on Social Media

LinkedIn

About CFN Media Group

CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

Disclaimer: Matters discussed on this website 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. CFN Media Group, which owns CannabisFN, 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. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article 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. CFN Media Group, which owns CannabisFN, 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. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

Copyright © Accelerize Inc. · All Rights Reserved · Privacy Policy · Legal Disclaimer

loading