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One of the companies that investors may consider looking into at this point in light of some of the most recent developments is Maple Leaf Green World, Inc. (OTCMKTS:MGWFF) (MGW.C). Not too long ago the company announced that it was going to move its focus into the real estate space. In this situation, it may be a good move for investors to take a look at some of the events related to the company and make their minds up about the stock one way or another.
Trading Data
On Thursday, MGW.C stock soared 30% to C$0.0650 with more than 45K shares traded. The stock moved within a range of C$0.0500-0.0650 after opening trade at C$0.0500.
The stock trades in the US on the OTCQB with a symbol MGWFF
The company started on a REIT (real estate investment trust) project in Cayman Island not too long ago and last month it provided a key update regarding it. On November 30, 2022, Maple Leaf Green World announced that back on November 9, 2022, it had managed to secure as much as C$200000 with regards to its investment with the REIT Manager QUIC Brands.
The investment is going to go towards the construction of the pair of luxury mini homes on Cayman Island. In addition to that, it should be noted that Maple Leaf Green World retains the right to invest as much as C$5,000,000 over the course of the next 24 months for developing as many as 60 properties at Turk & Caicos Islands and the Cayman Island.
Initially, the company had been involved in the health and wellness industry but not too long ago it decided to shift its focus toward the real estate industry. It mainly operates in China and North America. It should however be noted that Maple Leaf Green World does operate a hemp project at this point in Southern California and an essential oil project from out of China.
The announcement with regards to the company’s move into the REIT project had been announced back on October 5, 2022, by way of a corporate update. The agreement in question had been signed by Maple Leaf Green World back on September 27, 2022.
The agreement had been signed by the company with the Ontario-based builder Quic Builds, which is mainly involved in the construction of luxury mini-homes. As one can see, Maple Leaf Green World is making interesting moves as a company and it may well be a good time to keep an eye on its activities.