10:22:55 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Marapharm Ventures Inc
Symbol MDM
Shares Issued 108,502,958
Close 2018-04-20 C$ 0.70
Market Cap C$ 75,952,071
Recent Sedar Documents

ORIGINAL: Marapharm's 1st Nev. facility inspection to be April 26

2018-04-20 16:24 ET - News Release

Received by email:

File: NR.MDM.4.20.docx

News Release                              April 20, 2018, Kelowna, BC
Marapharm Ventures Inc. - State of Nevada Facility Inspection Scheduled - We are on the path to production, sales and 
--->revenue.
Marapharm Ventures Inc. (CSE: MDM) (OTCQX: MRPHF) (FSE: 2M0) ("Marapharm" or the "Company") updates shareholders on th
--->e final steps to opening its first cultivation and production operations in Las Vegas, Nevada. The first inspection of
---> our new facilities is scheduled for April 26th, 2018, with The State of Nevada.  The Company successfully passed thes
--->e same inspections on May 30th, 2017.  At that time, the Company was granted three recreational licenses, two for cult
--->ivation and one for processing, towards our ultimate flag ship "build-out" at this site of 294,120 square feet.  

Development progress has allowed us to begin scheduling the final, mandatory State of Nevada, NV Energy, the City of N
--->orth Las Vegas Police Department, and Department of Agricultural inspections for final occupancy permits, giving us th
--->e much anticipated "green light" to begin cultivation. We are working with each authority to advance inspections to th
--->e earliest dates possible.  

The Company will increase communication during this significant and momentous time by posting images and reporting new
--->s to keep our shareholders and the public included in this landmark event. https://marapharm.com/las-vegas/

"Corporate leadership, local and state government officials and our teams of engineers, contractors, consultants and l
--->abourers have diligently worked together to embrace challenges in this quickly evolving cannabis space - ultimately we
---> have built a firm foundation for the future development of this Company".  Linda Sampson, CEO

ABOUT MARAPHARM VENTURES INC.

www.marapharm.com

Marapharm is a publicly traded company investing in the medical and recreational cannabis space, since 2014. Marapharm
---> has rapidly expanded to include having cultivation, production and dispensary locations in the key North American sta
--->tes of Washington, Nevada, and California, and are seeking expansion opportunities worldwide. 
FOR FURTHER INFORMATION:
www.marapharm.com or Linda Sampson, CEO 778-583-4476 email info@marapharm.com
SOCIAL MEDIA:
Facebook: facebook.com/marapharm Twitter: twitter.com/marapharm Web Program: marapharm.tv
STOCK EXCHANGES:
Marapharm trades in Canada, ticker symbol MDM on the CSE, in the United States, ticker symbol MRPHF on the OTCQX, and 
--->in Europe, ticker symbol 2M0 on the FSE. Marapharm also trades on other recognized platforms in Europe including Stutt
--->gart, Tradegate, L & S, Quotnx, Dusseldorf, Munich, and Berlin.

Neither the CSE, the FSE nor the OTCQXtrademark has approved nor disapproved the contents of this press release. Neith
--->er the CSE, the FSE nor the OTCQXtrademark accepts responsibility for the adequacy or accuracy of this release.
MARIJUANA INDUSTRY INVOLVEMENT:
Canadian listings (CSE) will remain in good standing as long as they provide the disclosure that is rightly required b
--->y regulators and complying with applicable licensing requirements and the regulatory framework enacted by the applicab
--->le state in which they operate.
Marapharm owns marijuana licenses in California and Nevada. Marijuana is legal in each state however marijuana remains
---> illegal under US federal law and the approach to enforcement of US federal law against marijuana is subject to change
--->. Shareholders and investors need to be aware that adverse enforcement actions could affect their investments and that
---> Marapharm's ability to access private and public capital could be affected and or could not be available to support c
--->ontinuing operations. Marapharm's business is conducted in a manner consistent with state law and is in compliance wit
--->h licensing requirements.

Copies of licenses are posted on Marapharm's website. Marapharm has internal compliance procedures in place and has co
--->mpliance focused attorneys engaged in jurisdictions to monitor changes in laws for compliance with US federal and stat
--->e law on an ongoing basis. These law firms inform any necessary changes to our policies and procedures for compliance 
--->in Canada and the US.

FORWARD - LOOKING STATEMENTS:
Certain statements contained in this news release constitute forward looking statements. The use of any of the words "
--->anticipate", "continue", "estimate", "expect", 'may", "will", "project", "should", 'believe", and similar expressions 
--->are intended to identify forward- looking statements. These statements involve known and unknown risks, uncertainties 
--->and other factors that may cause actual results or events to differ materially from those anticipated in such forward-
---> looking statements are based on reasonable assumption but no assurance can be given that these expectations will prov
--->e to be correct and the forward-looking statements included in this news release should not be unduly relied upon.  



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