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Marapharm Ventures Inc
Symbol MDM
Shares Issued 108,502,958
Close 2018-04-05 C$ 0.70
Recent Sedar Documents

Marapharm boasts about increasing sales in California

2018-04-05 15:46 ET - News Release

Ms. Linda Sampson reports


Marapharm Ventures Inc. has provided an update on the company's dispensary in Desert Hot Springs, Calif. The dispensary continues to increase sales since acquisition with weekly and monthly promotions. Furthermore, the implementation of a live inventory system has ensured accurate information is relayed in real time to the company's existing patrons and the 3.5 million visitors to the popular Coachella Valley area.

The company has been using unique promotions that have been extremely successful during the past six weeks of ownership. For example, the dispensary has partnered with adjacent retailers to perform cross-promotions which have been well received by the community patrons and appreciated by the partner retailers. Two of the company's partner retailer promotions resulted in a 118-per-cent daily sales increase when compared with its daily average sales. However, the true strength of the dispensary is the company's staff. They continue to be an integral component of Marapharm's success, building its reputation of providing superior service and product knowledge to its clientele and being a reputable business community member in the Desert Hot Springs area.

In addition, Weedmaps, in conjunction with the integrated MJ Platform inventory management system, has increased traffic by providing the company the ability to give its patients and adult consumers (over the age of 21) easy access to the most reliable real-time information about the company's location, hours, specials, promotional days, strains, products and reviews.

"We will continue to develop exclusive promotions and special products which have proven to be well received by the 'adult-use' community of Desert Hot Springs and surrounding valley," said Linda Sampson, chief executive officer.

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.

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