Business
Maple Leaf Reforestation Announces April Shipments and Revenue
Maple Leaf Reforestation Announces April Shipments and Revenue
About this update from Maple Leaf Green World, Inc.
[{"type":"text","content":"\nMaple Leaf Reforestation Announces April Shipments and Revenue\n\n\n May 6, 2009 (Baystreet.ca) -- CALGARY -- Maple Leaf Reforestation Inc. (\"Maple Leaf\") is pleased to announce its shipments and revenues for the month of April for the Inner Mongolia and Xinjiang operations.\n\nGreenhouse Operations (Inner Mongolia)\nFurther to the news release dated March 27th, Maple Leaf has shipped out various types of seedlings totaling 775,439 seedlings in April to various customers including part of the Danan Village contract which was announced on March 27th. The total revenue form these shipments is $81,700 Cdn (449,581 Rmb). \n\n\nXinjiang Operations\n-------------------\n\n1. Alfalfa Operations\n\nMaple Leaf has shipped 200 metric tonnes of hay to Guandong Wen's\nFoodstuffs Group Co., a major Chinese feed distributor. Revenue for\nthis shipment is $18,000 Cdn (100,000 Rmb). The hay shipped is a bi-\nproduct of Maple Leaf's alfalfa operations.\n\n2. Yellowhorn Seedlings Shipment\n\nTo ensure economically viable access to Yellowhorn seedlings, as\nYellowhorn seedlings are in short supply, Maple Leaf has entered into\njoint venture agreements with three farming groups under which Maple\nLeaf has shipped 72,860 seedlings to the groups for a cash deposit of\n$5,400 Cdn (29,704 Rmb). The deposit is 20% of the total value of the\nagreements, that being $28,500 Cdn (156,920 Rmb).\n\nUnder the joint venture agreements, the farming groups are initially\npurchasing Yellowhorn seedlings from Maple Leaf between $0.36 and\n$0.55 Cdn (2 and 3 Rmb) each, with an upfront cash deposit of between\n20% and 30%. The balance will be offset against future sales of\nyellowhorn seeds generated from these seedlings at maturity, ie. 3\nyears later; whereby Maple Leaf has a right of first refusal to\npurchase the seeds back from the farming groups. This ensures Maple\nLeaf a future supply of valuable Yellowhorn seeds without committing\nlarge portions of its capital resources.\n\nRevenues for the month of April in both Xinjiang Operations (Alfalfa\nand Yellowhorn Seedling deposits) was $23,400 Cdn (129,704 Rmb).\n\nTotal revenues received during the month of April from all operations was\n$105,100 Cdn (578,000 Rmb).\n\nAbout Maple Leaf Reforestation Inc.\n\nMaple Leaf is a Canadian company operating four environmental related\nprojects in China:\n\n1. a large...