Received by email:
File: NR.CA1.docx
CSE: MDM FSE: 2M0 OTCQX: MRPHF
News Release March 14, 2018, Kelowna, BC
Marapharm Ventures Inc. California Facility On Schedule To Break Ground August 2018
Marapharm Ventures Inc. (CSE: MDM) (OTXQX: MRPHF) (FSE: 2M0) ("Marapharm" or the "Company") announces that the final p
--->lans for the Company's first cultivation facility in Desert Hot Springs, California are complete and ready for submiss
--->ion to the City.
The Company engaged MSA Consulting Inc. (www.msaconsultinginc.com) a premier Civil Engineering, Planning and Surveying
---> firm. They collaborated with our Director of Operations to design and execute the fully engineered architectural plan
--->s, in preparation for the final Local Planning Department approval. This will allow the Company to "break ground" in e
--->arly August 2018.
The project is approved with a Conditional Use Permit for cannabis cultivation, processing and extraction. The first f
--->loor will include 9,175 sq.ft. of indoor grow, 2,036 sq.ft of processing/extraction and 1,391 sq.ft. of office space.
--->The second floor with include 12,782 sq.ft of indoor grow. The total cultivation space of this facility is 21, 957 sq
--->.ft.
Marapharm will use "rolling greenhouse tables" to eliminate the need for dedicated aisles. This will allow us to maxim
--->ize our canopy space and produce approximately 9,000 pounds of flower annually, plus ancillary products from the proce
--->ssing facility.
The 720 High-intensity discharge lights (HID) will be supplied by Solis Tek Digital Lighting www.solis-tek.com, an ind
--->ustry leader focused on the research, design, development and manufacturing of advanced & efficient lighting products.
--->
We have selected PRIVA to provide irrigation and disinfection systems to be installed in both our Washington and Calif
--->ornia facilities. PRIVA, is based in Holland and is the world leader in Horticultural design, automation and control.
---> It will deliver an irrigation and disinfection system that allows for automation of nutrient delivery and a 98% captu
--->re of all water in the facility for re-use, including irrigation run-off and condensate water from all HVAC equipment.
--->
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 OTCQB, and
--->in Europe, ticker symbol 2Mo 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 OTCQBtrademark has approved nor disapproved the contents of this press release. Neith
--->er the CSE, the FSE nor the OTCQBtrademark 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.
© 2024 Canjex Publishing Ltd. All rights reserved.