One of the things that investors need to be aware of at all times is the range of corporate updates that are sent out by companies every other day. A company that had been in the news earlier on in the week for sending out such an update was Maple Leaf Green World Inc (CSE:MGW) (OTCQB:MGWFF).
MGW. CN has been moving within a narrow range over the past sessions on moderate volume. The stock also trades on the US markets with a stock symbol – MGWFF.
The company had provided a corporate update earlier on in the week on March 15 and it could be a good time for investors to take a look into it. The company announced that the joint venture that it had put into place with QUIC Builds helped in bringing its experience and expertise to a whole new market. The joint venture was helping in providing luxury dwelling options in one of the most sought-after destinations in the world, the Cayman Islands.
The project is expected to add a number of revenue streams for Maple Leaf Green World through the money generated through home sales and also by way of short as well as long-term rental properties. The company had announced in November last year that it was working on the construction of two new luxury mini homes. On March 15, Maple Leaf Green World announced that despite the supply chain-related delays the construction of the two homes was progressing well.
In order to accelerate the building of future homes, a factory had been set up by QUIC Builds in the Cayman Islands. The factor in question is involved in the production of the patented blocks and panels.
The properties being built are situated on Signature One, which is the flagship development of Oasis Land Development Limited. The latest announcement was a significant one from the company and one that could bring the Maple Leaf Green World stock onto the radars of investors.