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Marapharm Ventures Inc
Symbol C : MDM
Shares Issued 100,859,058
Close 2018-03-06 C$ 0.82
Recent Sedar Documents

Marapharm to finish Washington site renos by March-end

2018-03-06 16:21 ET - News Release

Ms. Linda Sampson reports

MARAPHARM VENTURES INC. PROVIDES PROGRESS REPORT ON WASHINGTON FACILITY

Marapharm Ventures Inc. will complete the rehabilitation of the cultivation site at its Washington facility by the end of March, 2018.

Washington State Liquor Control Board recently released cannabis sales reports for October, 2017, making this a record month with the generation of $142-million taxable revenue. Current market values in Washington State will enable the company's Tier 3 tenant to recommence production and sales into this lucrative marketplace, triggering the retroactive lease revenue owed to the company with additional generation of revenue for ancillary services.

During renovations the company has worked closely with its architect and engineering partners to design one of the most advanced and environmentally friendly cannabis cultivation sites in North America. To operate in the Pacific Northwest climate the 28,000-square-foot building has a new silicone membrane roof and the interior has been insulated with expanding, closed cell foam. Marapharm's flagship tenant, AlphaPheno Inc., a Tier 3 producer and processor, will be able to cultivate 30,000 square feet of plant canopy, the maximum allowed by the licence, in just 28,000 square feet of floor space with minimal water, power and waste.

These environmental objectives will be accomplished by leveraging several industry-leading solutions which are incentivized by Marapharm's utility partner and better allow the company to embrace more environmentally conscious cultivation practices.

Montel Industrial Storage designed a two-tiered mobile racking system that allows aisles to slide open, maximizing floor space and doubling the company's canopy in each room. PRIVA, based in Holland, is the world leader in horticultural design, automation and control. PRIVA is contracted to deliver an irrigation and disinfection system that allows for automation of nutrient delivery and a 98-per-cent capture of all water in the facility for reuse, including irrigation runoff and condensate water from all HVAC equipment. Almost 75 per cent of the company's water will come from a commercial rainwater capture system designed by local sustainable civil engineering firm 2020 Engineering. The facility will be outfitted with state-of-the-art horticulture lighting from Fluence Bioengineering. The Fluence LED systems are purpose-built in the United States for commercial horticulture, and designed to increase crop yield, enhance chemotype expression, and shorten cycle times while simultaneously increasing energy efficiency.

The company is employing CO-GEN technology to reduce its reliance on the electrical grid. This system will use natural gas to power turbines that create energy for use in its operations. The turbine produces heat, as a byproduct of energy generation, which is then captured and turned into cooling power by the HVAC system, provided by Surna, the industry leader in indoor cultivation climate control.

The Marapharm team continues to develop the master plan for the cannabis campus on the company's 13.1-acre site. This includes civil engineering for additional buildings to house a central extraction and commercial kitchen facility for processing, additional cultivation tenants and ancillary hemp/cannabis businesses.

"These engineered solutions will produce higher quality cannabis with the lowest cost of production compared to conventional indoor cultivators and shorten our return on investment time line," commented Kurt Keating, director of operations.

About Marapharm Ventures Inc.

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 states of Washington, Nevada and California, and is seeking expansion opportunities worldwide.

We seek Safe Harbor.

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