Warning: session_start(): open(/opt/alt/php74/var/lib/php/session/sess_96d682a41a8f9f2fff1b8f37efab1253, O_RDWR) failed: Disk quota exceeded (122) in /home/useaicwl/public_html/wp-content/themes/mushroomstocks/functions.php on line 278

Warning: session_start(): Failed to read session data: files (path: /opt/alt/php74/var/lib/php/session) in /home/useaicwl/public_html/wp-content/themes/mushroomstocks/functions.php on line 278
Nevada Construction Milestones For Marapharm Ventures Inc. - Mushroomstocks | Mushroomstocks
Albert Labs announces Strategic Investment from Cantheon Capital LLC for First In-Human TrialsMindMed Reports Full Year 2022 Financial Results and Business HighlightsCybin to Participate in the Oppenheimer 33rd Annual Healthcare ConferenceNuminus to Participate in the Sequire Cannabis & Psychedelics Conference on Wednesday, April 5, 2023Braxia Scientific Provides Update on Proposed Irwin Transaction; Company Retains Strategic Clinical Assets and Ketamine Numinus Announces Four Peer-Reviewed Publications from its Chief Clinical Officer in 2023Irwin Naturals Signs Letter of Intent to Acquire Braxia ScientificNuminus Wellness Inc. Reports Q1 2023 ResultsIrwin Naturals and Braxia Scientific Announce Partnership for In-Human Clinical Studies Supporting Pharmaceutical CompanNuminus Develops Mushroom Tea for Use in Psychedelic ResearchIs the Psychedelic Sector Poised for a Comeback?!?PSYC + Nucleus Form New Partnership to Develop and Launch Psychedelic FinderWhat You Need to Know About Numinus Wellness…Numinus provides update on acquisition integration and announces new client financing optionsPSYC Corp’s Psychedelic Spotlight Surpasses One Million Page Views for Fourth Consecutive MonthNuminus to Participate in the H.C. Wainwright 24th Annual Global Investment Conference on September 12-14, 2022The Psychedelic Sector is Quietly Outperforming the S&P 500PSYC Completes and Publishes 2021 Audited Financials; Will Begin Audit of Q1 & Q2 2022Numinus to Participate in the H.C. Wainwright 24th Annual Global Investment Conference on September 12-14, 2022PSYC’s Bonfire Platform Development Progresses; Will Host Free Virtual Community Event on August 29th
Back

Nevada Construction Milestones For Marapharm Ventures Inc.

Nov 2, 2017 • 12:10 PM EDT
cnstcutiong.png
2 MIN READ  •  By Michael Berger
Share Share - Facebook Share - Twitter

Marapharm Ventures Inc. (OTCQB: MRPHF) (CSE: MDM.CN) (FSE: 2M0) (“Marapharm” or the ” Company”) (http://www.marapharm.com/) Marapharm Ventures Inc. “Marapharm” announces construction in Las Vegas has hit a series of critical milestones. The building shells are complete, the concrete has been poured, the buildings have been insulated, and interior framing has begun.  The buildings have double the amount of insulation as required by code to keep operating costs in the Nevada environment as low as possible. The concrete slabs are designed with state of the art heating and cooling infrastructure to lower operating costs and to enhance the growing environment, which will place less demand on the HVAC system.

All equipment and initial operating supplies have been ordered, with delivery expected in the next few weeks, including industry leading lighting from Solis-Tek Lighting Corp custom engineered rolling ‘Soma-Style’ cultivation bins and a custom soil blend made by Essential Agronomy from Oregon for the cultivation operation. Closed loop extraction equipment from Extraction Tek will be installed for the manufacturing operation. The entire facility will benefit from a custom engineered HVAC system that uses a combination of SURNA indoor water chilled fan coils and dehumidifiers. These will be fueled by outdoor propane powered engines with proprietary Italian made heat exchange technology. 

The buildings we have are state of the art and have been custom designed to be flexible and expandable with redundancy across our operations to assure that harvests will be protected. Operating costs are estimated at 20% less than a conventional system. Our infrastructure and equipment investments reflect decisions to use the best-of-breed. We are in this for the long term and these facilities will enable us to create a top quality product that will yield the highest return for our shareholders,” said Linda Sampson, Marapharm CEO.

OTHER ITEMS

Construction photos are available on the Marapharm web page. On August 21, 2017 Marapharm announced that construction of the 2 starter facilities was expected to be complete on or about October 31, 2017. This has been reset to on or about November 30, 2017. 

Marapharm announced on October 10, 2017 that construction of a third building of 65,635 square feet and that building plans were expected to go to bid in October 2017. Plans have been completed and have gone to manufacturers for bid.

Marapharm announced on September 18, 2017 that plants were being started. Mother plants will transition from the interim facilities to the cultivation buildings on or about November 30, 2017. 

We would like to remind shareholders that there is an open house in Las Vegas, Nevada, November 17, 2017.  Register at http://www.marapharm.com for your invitation.

Share Share - Facebook Share - Twitter

Tags

Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners, LLC and Founder of Mushroomstocks.com. Prior to entering the cannabis industry, Michael was an Equity Research Analyst at Raymond James Financial covering the Energy Sector. Michael has been featured in publications such as The Street, Bloomberg, US Money News, and hosts various cannabis events across North America.

Comments

Top Stories

Get the Latest Cannabis News & Stock Picks.

Enter your email below to join the official Mushroomstocks newsletter.

 All good -- no spamming here.

The psychedelics sector is starting to take off as smart money begins to position itself across the industry.

Stay updated with all latest updates,upcoming events & much more.
Subscribe
SUBSCRIBE NOW
close-link

Fatal error: Uncaught ErrorException: md5_file(/home/useaicwl/public_html/wp-content/litespeed/css/56f20733ffa4f1f9d6603258ebd94964.css.tmp): failed to open stream: No such file or directory in /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimizer.cls.php:126 Stack trace: #0 [internal function]: litespeed_exception_handler(2, 'md5_file(/home/...', '/home/useaicwl/...', 126, Array) #1 /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimizer.cls.php(126): md5_file('/home/useaicwl/...') #2 /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimize.cls.php(797): LiteSpeed\Optimizer->serve('https://mushroo...', 'css', true, Array) #3 /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimize.cls.php(319): LiteSpeed\Optimize->_build_hash_url(Array) #4 /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimize.cls.php(252): LiteSpeed\Optimize->_optimize() #5 /home/useaicwl/public_html/wp-includes/class-wp-hook.php(310): LiteSpeed\Optimize->f in /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimizer.cls.php on line 126