Pipe dream is right, that is bleaching from the lights, seedlings do not need or like 600w of light directly over them! What is the distance from the seedling to the light? You have also started that seedling in far too big a pot! I know some good growers start their seed in the final pot but thats because they are confident and can deal with any problems. Start that in like a 5inch pot and repot it to a bigger pot when a lot of roots are poking out of the drainage holes.
Now to the MG soil, you have already fertilized and will do every time you water, easy mistake to think plants need you to add ferts to the soil when young but the soil contains ferts to begin with and then MG add some slow release ferts on top of that. Don't fert till plant has used up all the ferts in the soil and asking you for more, this point will be when the plant has flooded the pot with roots and has sucked most available nutes out of the soil, only then will you realise the plant having nute deficiencies and the first deficiency is normally nitrogen (some times magnesium and calcium but i'll get to that point in a bit). Nitrogen is the bottom leaves turning whitish yellow, the whole leaf slowly and uniformly yellows, goes limp and drops of the plant. There is a big difference between yellow crispy, spotty leaves and Nitrogen deficient leaves. This is not in no way what you are seeing on that seedling.
Now to the magnesium and calcium issue and take some time to appreciate this and read up about it! Most soils contain peat, peat makes the soil more acidic over time, most soils are pH'ed to 6.3 to 6.6 and marijuana grows best at 6.4 to 6.8! So you see that that peat won't take long to cause your young plant acidic pH problems. All timeserved gardeners know that one cruical soil amendment for acidic and peat based soils is lime and more specifically dolomite lime. They incorporate this into the soil or topdress it. The dololmite limestone breaks down and BUFFERS the soil pH. By saying the word buffering i mean the acidic peat and lime (which raises pH to 7 to 7.5) cancel each other out and hence the pH stays stable and constant in between 6.4 and 6.8 making it thus possible to grow some grade a weed. Lime is comon knowledge but not if you are just starting out! Read up on this and overcome some fundamental problems with soil grows. Now here is the best bit, dolomitic lime or garden lime as it is sometimes called contains about the right ratio of calcium and magnesium which the plants also need good supplies of.
Now you said you bought MG soil, well this is the wrong soil to start seedlings in, you need seedling soil for seedlings. It has less ferts in and is generallyof a finer structure to allow roots to easily spread out and grow.
I think its back to the drawing board and time to do a lot of research, don't take my word for it but instead find out wether what i say is spot on advice or not! Raise the 600w light or buy one 2 foot flourescent in a blue colour spectrum Kelvin. Good luck and peace.