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Enter Symbol
or Name
USA
CA



Marapharm Ventures Inc
Symbol MDM
Shares Issued 125,837,202
Close 2018-06-13 C$ 0.405
Market Cap C$ 50,964,067
Recent Sedar Documents

ORIGINAL: Marapharm's North Las Vegas plants meet criteria

2018-06-13 16:03 ET - News Release

Received by email:

File: MDM NR LV (2) (6).docx

News Release                             June 13, 2018, Kelowna, BC
Marapharm Ventures Inc. Reports on Progress in North Las Vegas, Nevada
Marapharm Ventures Inc. (CSE: MDM) (OTCQX: MRPHF) (FSE: 2M0) ("Marapharm" or the "Company") Announced on May 24th, 201
--->8, by news release, the timeline of its final inspections to obtain the Certificates of Occupancy for its cultivation 
--->facilities in North Las Vegas, Nevada.

On June 4th, a member from the State of Nevada, Department of Taxation met with Kurt Keating, Director of Operations, 
--->to perform a "walk-through" of both buildings. Final approval from the state will be granted, contingent on the city p
--->roviding the Certificates of Occupancy.

The Public Works Department is satisfied that we have met their criteria successfully and have acknowledged all utilit
--->ies are installed to code.

Final adjustments are being made to the fire suppression system which required testing of sensors and relays. Once com
--->plete, The North Las Vegas Fire Department approval allows the building inspector to recommend issuance of this permit
--->. 

The City of North Las Vegas Building Department is on stand-by to "sign-off" on the pending Certificates of Occupancy.
---> Upon approval, the State of Nevada, Department of Taxation will complete their "closing" review and allow the transfe
--->r of operations to the new buildings. 

Six City of North Las Vegas Recreational and Medical Cannabis Cultivation and Production Business Licenses have been r
--->enewed and reissued for 2018-2019. 

Three State of Nevada Medical Certificates for Production and Cultivation have been renewed and reissued for 2018-2019
--->. Three Recreational Certificates are currently being processed for annual renewal and reissuance. 

Three Secretary of State, Nevada State Annual Business Licences for Marapharm Las Vegas LLC, Econevada LLC and Phenofa
--->rm NV LLC have all received state acceptance and renewal for 2018 -2019.

The next phase of construction is the 65,000 sq. ft, three storey cultivation and production facility, (Corporate Upda
--->te news release dated January 1, 2018). Marapharm is pleased to report that the deposit has initiated the collaboratio
--->n between the American Buildings Company and Corporate Architects and Engineers.

Las Vegas Cannabis Market 
As reported by the Las Vegas Review Journal on May 24th, 2018, Las Vegas recreational cannabis sales topped $41 millio
--->n in March 2018, the highest number since legal sales began state wide in July of last year.
To date, cannabis sales for medical or recreational purposes have totaled $385.99 million.  50% of purchases made were
---> cannabis flower or bud. 

Average flower which has roughly 16% THC content and a moderate terpene profile sells for approximately $2,300 - $2,60
--->0 per pound. 
Reported by MJ Business Daily on March 15th, 2018.

"The Las Vegas cannabis market continues to exceed projected revenues. Marapharm's flagship facilities will produce tr
--->iple organic certified strains which will soon be featured in dispensaries throughout Las Vegas, Nevada". Linda Sampso
--->n, 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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