Fiore Cannabais Ltd. (FIORF)

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Marapharm Ventures Inc. "Marapharm" Speaks to Trading Activity of March 8, 2017

PR Newswire PR NewswireMarch 8, 2017
KELOWNA, British Columbia, March 8, 2017 /PRNewswire/ --

(MRPHF) (MDM)

"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.

ABOUT MARAPHARM VENTURES INC.