Mr. Raymond Lai reports
MAPLE LEAF GREEN WORLD INC. FILES FISCAL YEAR 2025 ANNUAL FINANCIAL STATEMENTS AND MD&A
Maple Leaf Green World Inc. has filed its audited consolidated financial
statements, management's discussion and analysis (MD&A), and related chief executive officer and chief financial officer certifications for
the fiscal year ended Dec. 31, 2025. These documents are available on
SEDAR+.
Failure-to-file cease trade order (FFCTO)
On May 6, 2025, the Alberta Securities Commission
(ASC) issued a failure-to-file cease trade order against the company due to its failure to file the required
annual financial statements and MD&A for the fiscal year ended Dec. 31, 2024, by the prescribed
deadline. The FFCTO currently prohibits trading in the company's securities in Canada.
With the filing of the annual filings, the company has now completed all required disclosure filings and
has formally applied to the ASC for revocation of the FFCTO. The company is in active communication
with ASC staff regarding the revocation process and is fully committed to restoring continuous disclosure
compliance and regaining active trading status on the Canadian Securities Exchange.
Restatement of 2024 comparative financials
In connection with the annual filings and following a review by the ASC, the company identified and
corrected a prior period error in its comparative 2024 financial statements. The correction related to the
derecognition of approximately $2,674,771 in debt settlement gains that were previously recognized in
2024. The company did not meet the associated payment deadline of March 31, 2025, resulting in breach
of the settlement agreements. Accordingly, the related liabilities have been reinstated and the prior period
gain has been reversed. The 2024 comparative financial information presented in the annual filings
reflects this restatement.
Management strategy and outlook
The company continues its strategic transformation from a cannabis-focused development entity to a
diversified renewable energy and sustainable infrastructure issuer. Near-term priorities include:
-
Achieving revocation of the FFCTO and restoring active trading status on the CSE;
- Pursuing bridge financing and equity placements to address the working capital deficiency;
- Re-engaging with settlement creditors to negotiate new payment terms;
- Advancing the Coronation industrial park and community development project (25 acres) in
collaboration with the Town of Coronation of Alberta;
- Evaluating strategic options for the company's 20-acre California land parcel, including a potential
solar farm development pursuant to a letter of intent.
Regulatory filings and undertakings
As part of its compliance efforts, the company has provided an undertaking to the ASC to hold an annual
general meeting. The company's board of directors has also taken steps to rectify audit committee
composition deficiencies noted by the ASC, including the appointment of an additional committee
member.
About Maple Leaf Green World Inc.
Maple Leaf Green World is a development-stage issuer incorporated in Alberta, Canada. The
company's common shares are listed on the Canadian Securities Exchange under the symbol MGW and
trade on the OTC Pink Markets under the symbol MGWFF. The company is engaged in the early-stage
evaluation and development of renewable energy, sustainable infrastructure and innovative land
development opportunities in North America.
We seek Safe Harbor.
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