Calgary-based Maple Leaf Green World (TSXV: MGW, OTCQB: MGWFF) announced it broke ground for its cultivation facility in Telkwa, British Columbia. Photos of work in progress will be available on the Company’s website at mlgreenworld.com.
Maple Leaf currently operates three cannabis projects, in British Columbia, California, and Nevada. The company applies its eco-agriculture knowledge and cultivation technology to produce organic cannabis products. Maple Leaf’s long-term objective is to produce cannabis oil for export to approved countries.
Shares jumped 53% today on the news, to $1.53 on volume of 470,000 shares. The company has a market cap of $147 million.