whoaaa,game changer,News Ms. Linda Sampson of Marapharm reports
MARAPHARM VENTURES INC. INVESTS IN VERITAS PHARMA INC.
Marapharm Ventures Inc. has subscribed for a total of five million units in a private placement offering of Veritas Pharma Inc. at a price of 22 cents per unit for an investment of $1.1-million. Each unit consists of one common share and one share purchase warrant, for a total of five million shares and five million warrants. Each warrant will entitle the company to acquire one additional share at a price of 30 cents per share for a period of 18 months from the date of issuance.
Marapharm may, depending on market and other conditions, increase or decrease its ownership of common shares of the company, whether in the open market, by privately negotiated agreement or otherwise going forward.
About Veritas Pharma Inc.
Veritas applies a comprehensive scientific approach to medical marijuana claims. Veritas's mission has been to develop the most effective proprietary cannabis strains for specific disease conditions and to provide doctors and patients with conclusive science evidence to recommend and use medical marijuana with confidence.
About Marapharm Ventures Inc.
Marapharm has 300,000 square feet of medical marijuana licences for its land and facilities in Washington and Nevada and about 2-1/2 years ago, Marapharm applied in Canada to Health Canada for an MMPR (production and sales) licence and has passed the necessary security clearances. The application is currently in the in-depth screening process.