CALGARY, Alberta, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Maple Leaf Green World Inc. (“Maple Leaf” or the “Company”) (TSX-V:MGW) (OTCQB:MGWFF) is pleased to provide further information to the Company’s press release dated February 27, 2018, in connection with the Company’s proposed transfer of the listing of its common shares (“Common Shares”) to the Aequitas NEO Exchange Inc. (the “NEO Exchange”).

WHAT IS THE NEO EXCHANGE?

The NEO Exchange is a recognized Canadian stock exchange for non-venture issuers. It has been operating since mid-2015 and was launched with the stated purpose of providing Canadians with a stock exchange that puts the interest of capital-raising companies, investors and their dealers first. Today, the NEO Exchange represents close to 10% of all volume traded in Canadian-listed securities, has more than 60 listed ETFs and is actively working on expanding its corporate listings. For example, Cannabis Strategies Acquisition Corp. (CSA.A) has common shares, rights and warrants listed on the NEO Exchange and Nobilis Health (HLTH) recently announced its intention to cross-list on the NEO Exchange.

Moving from the TSX Venture Exchange (the “TSXV”) to the NEO Exchange is, in the Company’s view, an important milestone for MGW, recognizing its accomplishments since going public. The NEO Exchange seeks to list senior companies because it believes companies need to be truly ready before they go public. This comes with stringent listing requirements, and a strong focus on liquidity and disclosure.

WHY HAS THE COMPANY DECIDED TO MOVE TO THE NEO EXCHANGE?

The Company made the decision to voluntarily delist from the TSXV and migrate to the NEO Exchange first and foremost because of the streamlined, disclosure-based listing guidelines provided by the NEO Exchange and as a result of the Company’s business activities in U.S.A. In management of the Company’s view, the NEO Exchange has an exceptional focus on understanding and helping meet the needs of public companies. The NEO Exchange’s stated value proposition is simple: focus on reliable liquidity; help its listed companies maximize investor awareness; leverage a streamlined disclosure-based listing process; and provide value for money. As a company deeply entrenched in the North American cannabis sector, it was important for management of the Company to select to partner with an exchange that has clear views on where it stands in relation to the industry.

DID THE TSXV DELIST THE COMMON SHARES?

Maple Leaf Green World is voluntarily delisting from the TSXV. The Company made the decision to delist from the TSXV and migrate to the NEO Exchange so that it has the flexibility to develop its business operations in the United States leveraging a Canadian stock exchange.

WILL THE COMPANY’S TICKER SYMBOL CHANGE?

Maple Leaf will continue to trade under the symbol “MGW” when it lists on the NEO Exchange. 

DO I NEED TO SELL MY POSITION AND BUY BACK ON THE NEO EXCHANGE?

A change in listing exchange is not expected to have an impact on the ownership positions of existing shareholders. Ownership positions that were built up through the TSXV will continue to exist when MGW migrates to the NEO Exchange. Trading in the Company’s stock is anticipated to continue uninterrupted throughout the graduation.

ARE ANY CHANGES IN THE AVAILABILITY OF TRADING INFORMATION EXPECTED?

The NEO Exchange market data will be available through all major market data providers in Canada and abroad, both top of book and full market depth. Should you have any questions, the NEO Exchange has an investor help line available: +1 844-567-6424.

Real-time market data, including depth of book, is also available on the NEO Exchange’s website: https://www.aequitasneo.com/en/single-security/MGW

DOES IT COST MORE TO TRADE SECURITIES ON NEO?

Trading a NEO Exchange listed security on the NEO Exchange is not anticipated to impact the cost of trading for investors.

For further information on the NEO Exchange, please visit www.aequitasneo.com.

For further information regarding the Company, please visit www.mlgreenworld.com. 

About Maple Leaf Green World Inc.

Maple Leaf is a public Canadian company that focuses on the cannabis industry in North America. The Company currently operates three cannabis projects in British Columbia, California, and Nevada. With over ten years of extensive greenhouse management experience, the Company applies its eco-agriculture knowledge and cultivation technology to produce contaminant-free organic cannabis products. Maple Leaf’s long-term objective is to produce cannabis oil and to export its products to approved countries. The Common Shares are listed for trading on the TSXV under the symbol “MGW” and on the OTCQB market under the symbol “MGWFF”.

Cautionary Statements

All information contained in this news release with respect to the NEO Exchange and Maple Leaf was supplied by the parties, respectively, for inclusion herein, and none of such parties’ directors and officers have relied on such other parties’ for any information concerning such party.

Certain statements in this press release are “forward-looking” statements within the meaning of Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Forward-looking statements in this press release include, but are not limited to, the voluntary delisting of the Common Shares from the TSXV, the final approval for listing of the Common Shares on the NEO Exchange, management’s anticipated benefits to the Company and its shareholders in respect of listing on the NEO Exchange, and timing for listing on the NEO Exchange. Forward-looking statements are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “in the event”, “if”, “believes”, “assets”, “position”, “intends”, “envisages”, “assumes”, “recommends”, “estimates”, “approximate”, “projects”, “potential”, “indicate” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Forward-looking statements are necessarily based upon the current belief, opinions and expectations of management that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, and social uncertainties, and other contingencies. Many factors could cause the Company’s actual results to differ materially from those expressed or implied in the forward looking statements. These factors include, among others, the listing of the Common Shares on the NEO Exchange and delisting of the Common Shares from the NEO Exchange. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

Although, the Company believes that expectations and assumptions reflected in the forward-looking information are reasonable, there can be no assurance that any forward-looking information will prove accurate, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. These forward-looking statements are made as of the date of this press release and the Company does not undertake to update any forward-looking information contained in this press release or that is incorporated by reference herein, whether as a result of new information, future events or results or otherwise, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor 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.

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