Marapharm Acquires Assets in Washington State

Marapharm Ventures (CSE:MDM) announced completing the acquisition of operational assets for two licensed cannabis producers in Tonasket, Washington.

As quoted in the press release:

The 21-acre site is home to 2 Washington State Liquor Control Board (WSLCB) approved commercial cannabis gardens. They operate under independent Tier 2 and Tier 3, I-502 Outdoor Producer Licenses. The Tier 2 garden is approved for 10,000 [square feet] of canopy, the Tier 3 garden is approved for 30,000 [square feet] of canopy.

Leading the team of both gardens, is Ian Dykstra, a passionate grower with extensive experience in cannabis cultivation. Ian manages the day-to-day operations of both gardens to ensure maximum efficiency, productivity and quality of the 40,000 [square feet] canopy. Working closely with Ian are a team of seasoned cannaculturists.

Ian reports in the last week of May the team planted both gardens, with a culmination of 22 hybrid strains. The Tier 2 garden was planted with 2,160 plants, the Tier 3 garden was planted with 4,860 plants. The 7,020 plants are vibrant, healthy and varying in heights. “The season began with brisk temperatures, but June and July have seen ideal growing conditions with daily averages of 86F and lows of 53F, and the extended forecast looks great. During the next 6 to 8 weeks we will see significant growth.”

Click here to read the full press release.