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Marapharm Ventures Inc. speaks to trading activity of March 8, 2017

Publicly traded marijuana companies shares took a dive in value Wednesday after the Canadian government on legalization cautioned that they will take it’s time on the move into recreational use. Accordingly companies in the sector saw their market values plunge from about 15% to 30% with a combined market loss of close to a billion dollars. Our market cap decreased by close to $30 million but it did recover towards the end of the day. We want shareholders to understand that while we made application to Health Canada for a marijuana license this was more than 3 years ago and while we are hopeful it will be dealt with some day, our focus is on the United States market. We own 6 marijuana licenses in the state of Nevada alone and we own 2 buildings and 7 acres of land, all clear title. At the present time the legalization of marijuana in Canada has no impact or influence on our business operations whatsoever.” Linda Sampson, Marapharm CEO.


Marapharm trades in Canada, ticker symbol “MDM” on the Canadian Securities Exchange, and in the United States, under the ticker symbol “MRPHF” on the OTCQB, and in Europe, under the ticker symbol “2M0” on the FSE.

Marapharm has 300,000 square feet of medical marijuana licenses for it’s 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 (, the OTC website ( and Sedar website ( under the profile for Marapharm Ventures Inc.

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