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First Harvest Update for California MJ Project
First Harvest Update for California MJ Project First Harvest Update for California...
About this update from Maple Leaf Green World, Inc.
[{"type":"text","content":"\n\n\n\nFirst Harvest Update for California MJ Project\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nFirst Harvest Update for California MJ Project\nCanada NewsWire\nCALGARY, May 18, 2016\n\n\n\nMAPLE LEAF GREEN WORLD INC.(TSX-V: MGW) \n\nMay 18, 2016 – $0.12\n\n\n\nCALGARY, May 18, 2016 /CNW/ - Maple Leaf Green World (MGW-V) (\"Maple Leaf\" or the \"Company\") announces that Maple Leaf's management has recently visited its California greenhouse facility and is satisfied with the results of its inspection.   Management has discovered its greenhouse personnel is able to shorten the growing period in the Company's flowering greenhouse from 3 to 2 months, thereby allowing Maple Leaf to plan for five harvests each year, instead of the four harvests previously expected.  Assuming five harvests, one greenhouse should generate approximately US$1 to $2 million in gross revenue annually, depending on prevailing market prices and the quality of the product. The Company's first crop is expected to be harvested in early July 2016.\n\nBased on its experience with the construction of its first greenhouse, the Company is now planning to build a second greenhouse at its existing site in California. The first step in this process involves the construction of a mobile home at the site and an application for additional electricity supply, as required by local county regulations. Once additional electricity supply is secured, construction of the second greenhouse can be started. The Company estimates the entire construction process will take about three months and anticipates the costs of construction will be fully funded from working capital and/or cash flow from operations.  Once constructed, operations at the new greenhouse will be co-ordinated with ongoing operations at Maple Leaf's initial greenhouse facility.\n\n\"During our recent tour of the Company's facilities in California, we found the plants are flourishing and growing quickly. Our Chief Grower and his crew are very experienced, dedicated and hard work...