• Daily Marijuana Observer Facebook
  • Daily Marijuana Observer Twitter
  • Daily Marijuana Observer StockTwits
  • Daily Marijuana Observer SA
  • Daily Marijuana Observer Instagram
  • Daily Marijuana Observer Youtube
  • Pinterest Social Icon
  • Daily Marijuana Observer Talk Market

Marapharm's Washington and Nevada Facilities Progressing

July 25, 2017

 

Marapharm Ventures Inc. (OTC:MRPHF) (CSE:MDM) (FRA:2M0) already has more than 350,000 square feet of medical marijuana licenses for its acquired land and facilities located on the west coast across three states. Currently targeting California, Nevada, and Washington within the United States, the company is also a late-stage applicant to become a licensed producer of medical marijuana under Health Canada's ACMPR.

 

Related: 7 Stages of the ACMPR Licensed Producer Application Process

 

To make things even more interesting, Marapharm also owns 15 million shares and warrants of Veritas Pharma Inc. (CSE:VRT) (OTC:VRTHF) (FRA:2VP). There are just under 39 million shares outstanding as of the writing of this article, making Marapharm a major cornerstone investor for the emerging cannabinoid pharmaceutical and IP development company. 

 

Related: Veritas Closes Acquisition of Cannevert Therapeutics

 

This morning, Marapharm provided existing and prospective investors with an update on its various properties and the ongoing projects associated with each one. 

 

Marapharm's Washington Facility

 

 

Demolition within the 30,000 square foot facility located on the company's 13.6 acre cannabis campus in Washington state is 60% complete. Marapharm has estimated that all demolition will be completed by August 7th of this year. Electricians are currently determining the fire and power requirements for the next phase to build out the facility for cultivation and processing. Additionally, plans for the facility redesign are completed.

 

Related: Marapharm Agrees to Purchase 13.6 Industrial Acres in Washington

 

The final harvest of a cannabis crop in the existing Washington facility was on Friday, July 21st. This harvest was expedited in order to facilitate the final part of the demolition and for the new construction to commence. Cultivation and processing of recreational marijuana will resume when construction is complete and will then be in the entire facility.

 

Marapharm's Nevada Facility

 

 

Marapharm announced that in Las Vegas, NV on its 7 acres that construction on two initial starter buildings of 5,000 square feet each is progressing. Electrical and rebar inspections are done and the steel erector will be on site Wednesday July 26th to begin the building process.

 

Related: Marapharm's Nevada License is Approved

 

Linda Sampson, CEO of Marapharm commented, "Plans for the 360,000 square foot facility in Las Vegas and plans for additional buildings located on the 13.6 acres we own in Washington are nearing completion and it's expected that construction will be able to commence soon in each location. Then, watch us grow!"

 

Conclusion

 

Be sure to subscribe to one or more of our free newsletters so you never miss an important cannabis investment update. Also, don't forget to connect with The Daily Marijuana Observer on social media via Facebook, Twitter, StockTwits, and Instagram

 

D/M/O

Please reload

LATEST NEWS
Please reload

Please reload

DMO

© Copyright 2016-2020 Smoke Show Ventures, Inc.

RSS Feed

Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.