Vancouver BC. — Les Kjosness, President & CEO, is pleased to announce that Marapharm Ventures Inc. (the “Company”) has reached an agreement to purchase Marapharm Inc. The agreement is for the Company release IC.COO,COO units consisting of one common share and one share purchase warrant. Each warrant is exerciseble at a price of Cdn. $0.75 per warrant for one year (the “Units”). As of today, the Company has released 4.9ZC„33Z units and release the remaining 5,059,670 units, early in 2015. The Company will acquire all of Marapharm’s outstanding shares. The Company will also acquire Marapharm Inc’s application with Health Canada icr the license to grow medical marijuana, all leases including the lease of 11 acres in Kelowna, British Columbia, Marapharm trademarks ‘TM” and all proprietary contracts.
The Company is z staff-up Canadian company established to enter the emerging market created by Canada’s new Marijuana Medical Purposes Regulations (U MMPR”). The Company is positioned as a pioneer and leader in the medical marijuana market with plans to construct brand new facilities in British Columbia’s Okanagan Valley and rapidly expand its facilities to meet strategic advantages for growth and market penetration- Marapharm Inc. is currently in the final stages completing its application for an MMPR license.
The Company will initially construct its facility on 11 acres under lease to Marapharm Inc. with expansion plans to a 100.000 sq. foot facility in year two. Further construction is built into the Company’s long term growth strategy once a realistic assessment and export demand can be determined_ Additional facilities will at that point be addressed to accommodate demands.
The Canadian market potential for medical marijuana is currently estimated at Cdn. $1.2 billion and the world market potential is estimated at Cdn. $115 billion. As a result, the Company is well positioned to enjoy significant and consistent revenue growth for many years-
On behalf of the Board
President & Director
This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Important factors — including the availability of funds, the results of financing efforts, the results of exploration activities — that could cause actual results to differ materially from the Company’s expectations are disclosed in the Companies documents filed from time to time on SEDAR (see www.seder.com). Readers are cautioned not to place undue reliance on these frontward — looking statements, which speak only as of the date of this news release. The Company disclaims any intention or obligation: except to the extent required by law, to update or revise any forward — looking statements, whether as a result of new information, future events or otherwise.