KELOWNA, British Columbia, Feb. 21, 2017 /PRNewswire/ -- Marapharm Ventures Inc. (OTCQB: MRPHF) -- "We are immediately expanding the cannabis delivery services business. We've created a unique model, software and an operating system for deliveries that would operate similarly to a private driver service. The immediate expansion will be into the states of Nevada and Arizona. The plan is to go into all states that have legal medical or recreational use of cannabis. Internal proformas indicate that several hundred thousand dollars of revenue can be produced monthly from each state and we are anxious to see if we are right!" - Linda Sampson, Marapharm, CEO.
On February 20, 2017 Marapharm announced it had entered into an agreement to purchase a Medical Delivery Service with the specific and limited purpose to deliver, facilitate or coordinate cannabis transactions between qualified patients and caregivers. The delivery service is located in California.
Marapharm purchased 80% of the shares of Moringa Cooperative, Inc. "Moringa." The purpose of the corporation is to engage in any lawful activity and specific to cannabis transactions in California.
ABOUT MARAPHARM VENTURES INC.
Marapharm trades in Canada, ticker symbol MDM on the CSE, in the United States, ticker symbol MRPHF on the OTCQB, in Europe, ticker symbol 2M0 on the FSE.
Marapharm has 300,000 square feet of medical marijuana licenses for its land and facilities in WA and NV and about two and a half years ago, Marapharm applied in Canada to Health Canada for a MMPR (Production and Sales) license and has passed the necessary security clearances. The application is currently in the in-depth screening process. In September 2016, Health Canada contacted Marapharm with a provision to amend its application to allow for the new regulations, ACMPR.
Additional information on the operations or financial results of Marapharm are included in reports on file with applicable securities regulatory authorities and may be accessed through the CSE website (www.thecse.com), the OTC website (www.otcmarkets.com) and Sedar website (www.sedar.com) under the profile for Marapharm Ventures Inc.
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FORWARD - LOOKING STATEMENTS:
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SOURCE Marapharm Ventures Inc.