Marapharm Ventures Inc. (“Marapharm” or the “Company”) is a publicly traded company, primarily investing in the medical and recreational cannabis space, with operations based in British Columbia, Canada.
- Purchased 7 acres of industrial property in Las Vegas, Nevada with buildings approved for three licenses for cannabis cultivation and processing
- Closing on 13.6 acres of industrial property in Washington State, which is approved for marijuana cultivation, processing and a proposed cannabis campus.
- Commenced the purchase of two industrial properties in California, which are approved for marijuana cultivation and processing
- Owns Marapharm delivery Service for medical marijuana deliveries in California
- Acquired, has control of or has applications in process for 11 licenses in the United States and Canada
- Purchased 15 million shares and warrants of Veritas Pharma Inc., a public company to leverage synergy in research and development
- Marapharm recently purchased the Marapharm.tv domain name and is intending on producing content aimed at the cannabis industry, the goal being to increase awareness of the company
- The company is considering retail opportunities to complement its cultivation and processing abilities. This will allow the control of the quality, marketing and messaging behind our products.
Detailed Corporate Overview
Through its wholly owned operating subsidiary Marapharm Inc., the Company has applied to Health Canada to become a licensed producer under the Access to Cannabis for Medical Purposes Regulations (ACMPR). Marapharm’s initial facility, a proposed 22,000 sq ft state-of-the-art cultivation facility, will be constructed on an 11 acre leased site in Kelowna, British Columbia.
The Company’s growth strategy will be to build facilities or acquire licenses in the United States, determined by identifying opportunities in the market. The company has currently focused its attention on opportunities in Nevada, Washington and California. Land has been purchased and construction has begun, In the Apex Business Park in the City of North Las Vegas, Nevada. The company’s intention is to build cultivation and processing facilities in this location, which will utilize two medical cultivation licenses and one medical processing license. In Washington State, the Company has an opportunity to lease a facility to an I-502, tier 3 license holder. The licensee holds a production license for 30,000 sq ft and a processing license with unlimited potential. In California, we have commenced the purchase of two industrial properties and own a delivery service for medical cannabis.
Marapharm has also purchased and is developing an all-natural hemp oil based cosmetic line called, Maragold, which will be ready for market within a few months. The products created by Maragold will be marketed online directly to end-users and will be sold individually or by subscription.
The Canadian market for legalized medical and recreational marijuana has been projected to conservatively exceed $12.7 billion. The market for medicinal use in Canada was estimated at $144 million in 2014 and expected to grow by 23% per year to $1.3 billion over the next 10 years.
Currently in the United States there are 29 states that have legalized medical marijuana and 8 states have legalized adult use recreational marijuana. In 2016 in the United States alone, legal cannabis sales brought in 7.2 billion dollars and are projected to grow at a compound annual rate of 17%. By 2020 the legal market is projected to have a value of 24.5 Billion dollars.
Officers and Directors
Linda Sampson, Director and CEO
Linda Sampson brings a dynamic energy, a wealth of talent, and a multi-layered business expertise to the Company. She is a business start-up professional, with a history of ground-up to successful ventures. An accomplished sales professional, marketer, designer, developer, with international experience, she brings superior business branding skills and internal administrative talents to Marapharm.
Corey Klassen, Chief Financial Officer and Director
Corey Klassen has a strong financing background and more than 20 years of business development management experience for major Canadian financial institutions, mortgage brokerage firms and publicly traded companies. Corey is the owner of a successful mortgage brokerage and was recently recognized as one of the top 75 brokers in Canada by CMP Magazine.
As a director and advisor for various junior companies over the past several years, his financial background and expertise provides considerable experience with public companies where he has been instrumental in numerous capital raising ventures inclusive of medical marijuana companies.
Yari Nieken, Director, Corporate Secretary and Audit Committee
Yari has a wide range of public company and capital market experience. He is the founder and president of Foremost Capital Inc., an exempt market dealer. He is a consultant for public companies with Paradigm Shift Consulting, has served on boards of several public companies and was an investment advisor at Union Securities and remains a registrant in good standing in British Columbia, Alberta and Ontario. Yari holds an MBA from the Sydney Graduate School of Management and a BA from the University of British Columbia.
Management Advisory Group (MAG)
Ron Cannan is a business and community consultant with more than 30 years of experience in small business, marketing, government operations and public policy development at various levels of government. Ron was elected as a Member of Parliament of Kelowna in 2006,2008 and 2011. Ron also served a total of nine years on Kelowna City Council and as director for the Central Okanagan Regional District and the Central Okanagan Regional Hospital District.
Prior to entering politics, Ron was a self-employed retail business person in Alberta and British Columbia. He also had a successful career in sales and marketing for media companies and for enterprises such as Costco Wholesale and Coca-Cola and managed several automobile dealerships.
Brad Dixon is a trial attorney with the Givens Pursley LLP litigation group. Brad brings a broad range of trial and litigation experience representing clients in disputes involving complex commercial litigation, secured transactions, real estate, foreclosure, employment, insurance coverage, products liability, and bankruptcy trial practice. Brad was selected as one of America’s leading lawyers for business (Idaho) by Chambers USA and was listed among rising stars in civil litigation defence by Mountain States Super Lawyers
Business and Industry Advisors
Several business strategists, negotiators, deal facilitators, security lawyers and financial professionals consult with Marapharm Ventures Inc. throughout the sourcing, merger, acquisition and management processes of our business expansion and diversified ventures.
Operations Management Team
Kurt Keating, General Manager, Marapharm Las Vegas
Kurt Keating brings with him a dynamic skillset based on experience in multiple industries.Currently Kurt is an i-502 tier three license holder in Washington State and recently Kurt worked as an owner/operator of PhenoType Farmers LLC, a High Times Cannabis Cup winning, true living organic, medical cannabis company based in Washington State. Kurt is truly passionate about this industry, looking to grow the cleanest and highest quality product possible.
Previously, Kurt worked as a consultant for Slalom Consulting. He provided consultation for a wide array of companies and non-profit foundations, such as the Bill and Melinda Gates Foundation, Nintendo of America, Holland America Cruise Lines and Pacific Market International. He also has a long career as a Sr. Functional and Financial Analyst for Starbucks Coffee Company.
Randy Kolibaba – Security Professional Consultant
Randy Kolibaba is a results-driven senior executive having distinguished service in the Royal Canadian Mounted Police and the United Nations. He has had proven success promoting; efficiency, growth and profitability in diversified policing and protective services, combined with extensive international expertise. Noted for abilities in leadership, Threat/Risk assessment, Vulnerability analysis, Disaster Planning and Management, Major Crimes investigations, Project management, Strategic Planning, Workplace safety, Employee development and Change management, Diversified uniform and plain clothes background that includes general duty patrol and investigation, road safety and traffic law enforcement, Nationally recognized First Nations policing experience. Legally trained and appointed by the Federal Court of Canada as an adjudicator for the RCMP, extensive command experience at the non-commissioned and commissioned officer level.
He has established expertise in labour relations. Randy has received numerous awards including the Queens Diamond Jubilee medal for Outstanding Service to Canada (2012), Canada 125 Medal for Outstanding Service to Canada’s First Nations (1994), Canadian Peacekeeping Medal (2000), United Nations Peacekeeping Medal (Kosovo 2000) as well as an RCMP Long Service Medal.
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FORWARD LOOKING STATEMENT
This page contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “ACT”). In particular, when used in the preceding discussion, the words “pleased”, “plan”, “confident that”, “believe”, “expect”, and/or “intend to”, and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks. This document is not an offer to buy or sell securities. Securities may only be offered by private placement subscription agreement.