Business

MAPLE LEAF DOUBLES GREENHOUSE CAPACITY AND SIGNS A 5-YEAR, 100 MILLION SEEDLING SALES CONTRACT WITH A GOVERNMENT ENTITY

Feb. 22, 2011 (Canada NewsWire Group) -- (TSX-V: MPE) L ast Close : February 18, 20...

articleMaple Leaf Green World, Inc.February 22, 20114/company/maple-leaf-green-world-inc/news/maple-leaf-doubles-greenhouse-capacity-and-signs-a-5-year-100-million-seedling-sales-contract-with-a-government-entity
MAPLE LEAF DOUBLES GREENHOUSE CAPACITY AND SIGNS A 5-YEAR, 100 MILLION SEEDLING SALES CONTRACT WITH A GOVERNMENT ENTITY

About this update from Maple Leaf Green World, Inc.

[{"type":"text","content":"\n\n\n\n Feb. 22, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n(TSX-V: MPE)\n\n\nLast Close: February 18, 2011 - $0.125                                     \nShares Issued: 80,104,090\n\n\nCALGARY, Feb. 22 /CNW/ - Maple Leaf Reforestation Inc. ("Maple Leaf" or\n the "Corporation") is pleased to announce that continued demand for its\n seedlings in China has resulted in its current greenhouse capacity of\n 110,000 square feet and annual production of 16 million seedlings being\n outgrown.  As a result, Maple Leaf is undertaking a two year expansion\n plan to access or acquire two additional greenhouse facilities of\n similar size and scale to its current greenhouse.  In addition, due to\n the demand growth of Maple Leaf's seedlings, during this two year\n expansion it anticipates gradually increasing the selling price of its\n seedlings by approximately 30%.  The operational expansion will also\n offer numerous cost-cutting efficiencies and thus increase the margins\n on Maple Leaf's seedlings.\n\n\nAs its first phase of executing on its expansion plans, Maple Leaf has\n secured an 110,000 square foot greenhouse from the Liang Cheng County\n government, including 17 acres of adjacent useable land, for 10 years. \n This facility will allow Maple Leaf to produce an a...

More updates from Maple Leaf Green World, Inc.