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Marapharm Ventures Inc
Symbol C : MDM
Shares Issued 80,356,336
Close 2017-06-30 C$ 1.23
Recent Sedar Documents

Marapharm obtains two more Nev. recreational licences

2017-06-30 18:02 ET - News Release

Ms. Linda Sampson reports

MARAPHARM ANNOUNCES THE APPROVAL OF 2 MORE RECREATIONAL MARIJUANA LICENSES IN LAS VEGAS, NEVADA

Marapharm Ventures Inc. has had two more recreational marijuana licences approved. A cultivation as well as a production licence for edibles and oils has been issued. Business licences have also been approved and issued by the City of North Las Vegas.

Marapharm announced June 29, 2017, that one recreational licence had been approved and issued.

Marapharm now holds three recreational marijuana licences for 290,000 square feet of cultivation and production in Las Vegas, Nev. In addition, 35,000 square feet of rooftop greenhouse canopy has been approved, which is a multiple greenhouse system for the roof. Marapharm has more than 300,000 square feet of recreational marijuana licences.

"This is a big milestone for us! Recreational sales are legal in Nevada on July 1, 2017. There are more than 50 million adult tourists a year to Las Vegas. As far as we know, Marapharm is the largest recreational licence holder in the state of Nevada. We will grow and sell cannabis from the existing modular buildings. Construction of our main buildings are under way, photos are on our website," said Linda Sampson, chief executive officer.

About Marapharm Ventures Inc.

Marapharm has more than 350,000 square feet of medical marijuana licences for its land and facilities in Washington, California and Nevada. In Nevada, the building footprint is 360,000 square feet. About three years ago, Marapharm applied in Canada to Health Canada for an MMPR (marijuana for medical purposes regulations) (production and sales) licence and has passed the necessary security clearances. The application is currently in the in-depth screening process.

We seek Safe Harbor.

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