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Enter Symbol
or Name
USA
CA



Marapharm Ventures Inc
Symbol MDM
Shares Issued 88,117,936
Close 2017-09-15 C$ 0.90
Market Cap C$ 79,306,142
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Marapharm starts growing plants at Las Vegas facility

2017-09-15 17:56 ET - News Release

Ms. Linda Sampson reports

MARAPHARM VENTURES INC. ANNOUNCES THAT THE FIRST PLANTS ARE BEING GROWN IN THE LAS VEGAS, NEVADA FACILITY

Marapharm Ventures Inc. is growing plants at its facility in Las Vegas. The seeds have popped, and photos are available on the company's website.

"The plants become moms, and cuttings are taken which become production plants. There are several thousand resultant cuttings from a mom over the lifetime of the plant. Marapharm's plants will be transported to larger buildings on site once construction is completed and will produce up to four harvests per year. The average wholesale price in Las Vegas for cannabis is $2,800 per pound. One plant in the Marapharm facility will yield up to $175 based on current market conditions. Cannabis sales are predicted to hit $30-billion in the United States by 2021, and Marapharm is positioned to be an industry leader in Las Vegas!" Linda Sampson, Marapharm chief executive officer.

Construction of Marapharm's buildings in Las Vegas is progressing, and it has begun the genetic selection process. Marapharm's commitment to excellence begins with selecting the highest-quality plant genetics.

Varieties have been selected that are well known in the cannabis culture for their award-winning history and legendary names. These genetics are sourced from the best breeders in the industry, and 41 potential mothers have been germinated from legendary cannabis companies such as DNA Genetics, Barney's Farm, Elemental Seeds and Rare Dankness. The final variety selection will be based on similar criteria used by High Times to select Cannabis Cup-winning strains. Marapharm will use test results, visual appeal, smell and alignment with internal cultivation protocols. Strains include award winners such as Kosher Kush, White Widow and Blue Cheese.

Marapharm Ventures is a publicly traded company primarily investing in the medical and recreational cannabis space, with corporate operations based in British Columbia, Canada. Since 2016 it has rapidly expanded its footprint to include production locations in the key North American states of Washington, Nevada and California. It actively seeks expansion opportunities worldwide.

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