Marapharm Ventures Inc (OTCMKTS:MRPHF) Announces the Timeline for Final Inspections of North Las Vegas based Cultivation Facilities


On May 24, 2018, Marapharm Ventures Inc (OTCMKTS:MRPHF) has announced the date for final inspection of the North Las Vegas, Nevada based cultivation facilities to get the occupancy certificate.

A walk through of the buildings will be conducted by a member of the Taxation Department, the State of Nevada on June 4, 2018. The state will grant the final approval that depends on the city providing the occupancy certificate.

The Public Works Department (PWD) has certified that Marapharm Ventures has complied with the requirement. PWD is satisfied with the installation of all of the utilities.

The company is making the final adjustments to the fire suppression system and relays and sensors will be tested for compliance. On satisfactory inspection and approval from the fire department, the building inspector will recommend to issuing the permit.

Recreational Cannabis Sales is Reported at $41 Million in March 2018

The sales of recreational cannabis in Las Vegas is reported at $41 million in March 2018, a significant increase since sales of legal cannabis began in July 2017.

The medical cannabis sales are reported at $385.99 million as of today. Cannabis flower or buds account for 50% of this sale.

Marapharm Ventures Inc Announces Closing of Oversubscribed Funding

Marapharm Ventures has announced the closing of a private placement for the oversubscribed proceeds of $4,675,000.

The company has offered 9,350,000 Units at a unit price of CDN $0.50. Each unit consist of a one-half of one common share purchase warrant and one common share of the company. The holder of each warrant can procure one common share of Marapharm Ventures at an exercise price of $0.70. It is valid for 12 months from the date of issuing the warrant.

Marapharm Ventures Inc Completes Testing of Environmental Control Equipment

Marapharm Ventures Inc has successfully completed the mandatory 72 hour testing of Las Vegas, Nevada based environmental control equipment.

Sr. Technical Advisor of Surna Inc., Troy Rippe has successfully completed the testing with the help of electricians, staff and water technicians. All the environmental control equipment has met all the test parameters successfully.

Brief Information about Marapharm Ventures Inc

Marapharm Ventures Inc is engaged in investing in recreational and medical cannabis space. The company has added cultivation and production to its line. It has also included dispensary locations in California, Nevada and Washington.