|By Marketwired .||
|May 27, 2014 12:15 AM EDT||
CALGARY, ALBERTA -- (Marketwired) -- 05/27/14 -- Maple Leaf Green World (TSX VENTURE: MGW) ("Maple Leaf" or the "Company") announces that the Company has appointed Perry Lee as Vice President, Quality Assurance, effective immediately.
Mr. Lee is a Chemical and Biological Engineer from the University of British Columbia where he is currently a Ph. D. candidate. Mr. Lee's expertise in quality control will benefit Maple Leaf Green World in meeting the stringent requirements of Health Canada for production of medical marijuana.
Perry is the VP of Production for City-Farm Biofuel of Delta BC, an emerging renewable fuels company producing and marketing biodiesel fuel. Perry is experienced in process engineering in the development of large industrial complexes and will be instrumental in stream-lining the Company's development of efficient operations for growing medical marijuana. At City-Farm Biofuel Mr. Lee supervised the construction of a ramp-up to 25 million liters of biofuel per year and was responsible for overseeing operations, maintenance, laboratory, feedstock and biodiesel logistics at the highest level of competence, to meet exacting international standards.
Raymond Lai, Chairman, President and CEO of Maple Leaf Green World, commented, "We are pleased to have someone of Perry's abilities join our team. His credibility, education and practical experience will enhance our permitting process with Health Canada and aid in the successful development of our agricultural business, including for various medical marijuana products."
Maple Leaf has not yet submitted its application to Health Canada with respect to a license to produce medical marijuana. Maple Leaf anticipates that the application will be submitted to Health Canada in the 1st half of June, 2014.
There is no assurance that the Company will be qualified to obtain requisite licences and if so, will be able to obtain regulatory approvals for such licences. Additionally, there is no assurance that the Company will be able to acquire the required financing, assets or personnel to become a grower of medical marijuana, if licensed to do so.
For further information regarding Maple Leaf Green World Inc., visit www.mlgreenworld.com.
About Maple Leaf Green World Inc.
Maple Leaf is a Canadian company that focuses in the agricultural/environmental industry with two main areas of activity:
1. Eco-Agriculture - it pursues several projects around the world. In China, it is focused on growing value-added tree seedlings and nursery products that assist with anti-desertification. 2. Renewable Energy - it pursues various renewable energy projects around the world, including Yellowhorn in China which would provide valuable Yellowhorn seeds and ultimately oil from such seeds for the manufacture of bio-diesel fuel and premium healthy cooking oil.
Neither the TSX Venture Exchange or its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this news release including (i) statements that may contain words such as "anticipate", "could", "expect", "seek", "may" "intend", "will", "believe", "should", "project", "forecast", "plan" and similar expressions, including the negatives thereof, (ii) statements that are based on current expectations and estimates about the markets in which Maple Leaf operates and (iii) statements of belief, intentions and expectations about developments, results and events that will or may occur in the future, constitute "forward-looking statements" and are based on certain assumptions and analysis made by Maple Leaf. Forward-looking statements in this news release include, but are not limited to, statements with respect to future capital expenditures, including the amount, nature and timing thereof; other development trends within the agricultural industry, and status of, and ability to capitalize on, opportunities available to the Company and review business strategy; expansion and growth of Maple Leaf's business and operations and other such matters. Such forward-looking statements are subject to important risks and uncertainties, which are difficult to predict and that may affect Maple Leaf's operations, including, but are not limited to: the impact of general economic conditions; industry conditions; available equity or debt financing; government and regulatory developments including availability of requisite licences; product supply and demand; competition; and Maple Leaf's ability to attract and retain qualified personnel. Maple Leaf's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do transpire or occur, what benefits Maple Leaf will derive there from.
Maple Leaf maintains a forward-looking statement database which is reviewed by management on a regular basis to ensure that no material change has occurred with respect to such forecasts. The Company will publicly disclose such material changes to its forward-looking statements as soon as they are known to management.