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Marapharm Ventures Inc
Symbol MDM
Shares Issued 108,502,958
Close 2018-05-30 C$ 0.495
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Marapharm says sales are up at Calif. pot dispensary

2018-05-30 12:13 ET - News Release

Ms. Linda Sampson reports


Marapharm Ventures Inc. has noted the continued growth during the first quarter of operations at its dispensary, Green Leaf Wellness, in Desert Hot Springs, Calif. Management reports a daily average surge in sales of 300 per cent since the acquisition on Feb. 13, 2018.

The business is enjoying a rise in consumers from other cities. Analytic reports indicate requests for directions to the company's dispensary, in order of greatest numbers, from Desert Hot Springs, Palm Springs, Cathedral City, Calimesa, La Quinta and Moreno Valley (a distance of 74 kilometres). A regular following, which includes military veterans, continues to travel from Joshua Tree, Coachella Valley and 29 Palms (a distance of 67 kilometres).

This quarter saw a steady increase in traffic, month over month, adding a total of 482 new consumers per month.

Merchandise selection has been improved from 15 products to over 1,000 products now available.

Due to popularity, purchases of vape pens have increased by 600 per cent. The expansion of inventory to over 20 varieties allows for discreet dosing of varying combinations of THC (tetrahydrocannabinol) and CBD (cannabidiol). Demand for CBD topicals and products by the 55-plus demographic continues to grow.

The key strength of the dispensary remains the company's staff. They continue to be an integral component of its success by expanding its reputation of providing superior product knowledge and service to the clientele. The team is instrumental in building Marapharm's business by sourcing and providing local product at competitive pricing.

In addition, Marapharm's ratings have increased on Weedmaps, which currently rates it with 4.9 stars out of five, resulting from 519 reviews.

"The efforts of our team have enabled our dispensary to quickly establish itself as an industry leader and contributing member of the business community in the city of Desert Hot Springs," 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.

We seek Safe Harbor.

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