Marapharm Seeks Expansion in Washington State

Marapharm Ventures (CSE:MDM; OTCQX:MRPHF) announced an agreement to acquire assets from two undisclosed cannabis producers operating in Okanogan County, Washington State.

As quoted in the press release:

The Agreement provides for the acquisition by Marapharm of certain operational assets useful in connection with cannabis production and processing (including security cameras, fencing, and irrigation systems, as well as leases for the Property and mobile office units) and the right of first refusal to acquire 20 acres of agricultural land, which is well-suited to the production of outdoor cannabis (the “Property”). The Property also has access to two water wells and the right to draw water pursuant to a water rights certificate.

Marapharm’s CEO, Linda Sampson, stated, “We have been working diligently to complete our Washington facility and expand the processing features and functions at the site. This will enable our tenant and future tenants to diversify consumer product development and delivery and meet a growing demand. We are mobilizing rapidly to expand the processing capabilities of our Lynden, Washington facility to capture critical market share.”

Click here to read the full press release.

Source: www.newswire.ca