07:29:41 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Veritas Pharma Inc
Symbol VRT
Shares Issued 21,200,000
Close 2017-01-31 C$ 0.50
Market Cap C$ 10,600,000
Recent Sedar Documents

ORIGINAL: Marapharm pleased with current value of Veritas shares

2017-02-01 01:17 ET - News Release

See News Release (C-MDM) Marapharm Ventures Inc

Received by email:

File: News release final2 1 Feb 2017.pdf

                      CSE:MDM         FSE:2M0       OTCQB:MRPHF
                                Kelowna, British Columbia
                      info@marapharm.com     Telephone: 778-583-4476




News Release                                                    Feb 1, 2017
Marapharm Ventures Inc. provides an update of its investment strategy
with Veritas Pharma Inc.

"Marapharm's focus is on corporate growth and excellence by acquisitions, operations and
investments. Marapharm invested in Veritas Pharma Inc. "Veritas" (news releases January
9 and January 11, 2017, Marapharm purchased 15 million shares and rights to acquire
shares) and to date, this investment has increased substantially in value. The synergy with
Veritas and Marapharm and the development of both company's products enhances
corporate and shareholder value overall. Medical research by Veritas scientists can help to
monetize Marapharm's intellectual properties and products of subsidiaries currently under
development. Marapharm, with the assistance of Veritas, intends to advance its cannabis
strains. With our unique vertical grow system, yields and quality will be maximized. We
think Veritas is a great business model and investment in the cannabis space. Marapharm is
the majority owner and largest shareholder of Veritas." Linda Sampson, Marapharm CEO
Veritas and or its subsidiary Cannevert Therapeutics Ltd. "Veritas"" have designed and are
implementing clinical trials of cannabis strains for pain. Health Canada has granted
permission to conduct research. Chemical and animal studies by Veritas have identified
suitable strains that warrant immediate human trials which are intended to be implemented
this year. The management team consists of veteran academic pharmacologists,
anaesthetists and chemists whose commercial mission is to patent its findings in order to
sell or license to cancer clinics and pharmaceutical companies, thereby, targeting multi-
billion dollar global markets.
 ABOUT VERITAS PHARMA INC.
www.veritaspharmainc.com


Veritas trades in Canada, ticker symbol VRT on the CSE, in the United States, ticker
symbol VRTHF on the OTC, in Europe, ticker symbol 2VP.F on the FSE.


Veritas is a discovery and development company, advancing the science behind medical
marijuana. Veritas has brought together a highly accredited team of pharmacologists,
anaesthetists and chemists with substantial success in both academia and industry,
specifically in drug development. The Veritas laboratory is located within the University of
British Columbia (UBC). Veritas applies a comprehensive scientific approach to medical
marijuana claims. Veritas's mission has been to develop the most effective proprietary
cannabis strains for specific disease conditions and to provide doctors and patients with
conclusive science evidence to recommend and use medical marijuana with confidence.
Veritas has an advanced application to Health Canada for a Medical Marijuana facility to
be located in Sechelt, British Columbia and, the Canadian Government has said it will
legalize marijuana for medical and recreational use. Veritas and its employee group
consisting of several doctors work closely with Health Canada.


ABOUT MARAPHARM VENTURES INC.
www.marapharm.com


Marapharm trades in Canada, ticker symbol MDM on the CSE, in the United States, ticker
symbol MRPHF on the OTCQB, in Europe, ticker symbol 2M0 on the FSE.


Marapharm has 300,000 square feet of medical marijuana licenses for it's land and facilities
in WA and NV and about two and a half years ago, Marapharm applied in Canada to
Health Canada for a MMPR (Production and Sales) license and has passed the necessary
security clearances. The application is currently in the in-depth screening process. In
September 2016, Health Canada contacted Marapharm with a provision to amend its
application to allow for the new regulations, ACMPR.
 Additional information on the operations or financial results of Marapharm are included in
reports on file with applicable securities regulatory authorities and may be accessed
through the CSE website (www.thecse.com), the OTC website (www.otcmarkets.com)
and Sedar website (www.sedar.com) under the profile for Marapharm Ventures Inc.


FOR FURTHER INFORMATION:
www.marapharm.com or Linda Sampson, CEO, 778-583-4476, email
info@marapharm.com


STOCK EXCHANGES:
Neither the CSE, the FSE nor the OTCQBtrademark has approved nor disapproved the contents
of this press release. Neither the CSE, the FSE nor the OTCQBtrademark accepts responsibility
for the adequacy or accuracy of this release.


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 prove 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.