Marapharm Ventures Inc. is a publicly traded company with its roots in Kelowna British Columbia, Canada. Our head office is located in BC and our core team has strong business ties within the community. In 2014 Marapharm Inc. a wholly owned subsidiary of Marapharm Ventures Inc. Began assembling a team of professionals, acquired an 11 acre parcel of land in Kelowna and submitted an application to become a licensed producer of medical cannabis under MMPR (now ACMPR) regulations. By 2015 we entered into the security clearance stage of our application and by 2016 we passed this stage and entered into the final review, a significant milestone in this application process.
In 2017 Prime Minister Justin Trudeau introduced a bill aimed at legalizing recreational cannabis in Canada by July of 2018, making Canada the first G7 country to do so nationally. This is obviously a huge opportunity for Marapharm. The company is planning to amend its application to further take advantage of this opportunity.