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Marapharm Announces Resignation of Director

FSCWIRE

Marapharm Announces Resignation of Director

Vancouver, British Columbia (FSCwire) – (CSE:MDM, FSE:2M0, OTCQB:MRPHF) – Marapharm Ventures Inc. (“Marapharm” or the “Company”) (www.marapharm.com) announces that Mr. Brian Peterson has stepped down as Director and Corporate Secretary of the Company effective immediately to focus on personal matters. Mr. Peterson has been a Director and a member of the Company’s Audit Committee since September 20, 2014. Mr. James Turner, a Director of the Company, will replace Mr. Peterson as Corporate Secretary and as a member of the Audit Committee.

Les Kjosness, President, remarked: “We would like to thank Brian for his contributions to the Company and wish him well in his future endeavors.”

About Marapharm Ventures Inc.

Marapharm trades under the symbols MDM on the Canadian Securities Exchange (“CSE”), 2M0 on the Frankfurt Stock Exchange (“FSE”) and MRPHF on the U.S OTCQB® marketplace.

Marapharm (www.marapharm.com) and its wholly-owned subsidiary in Canada, Marapharm Inc., and its wholly-owned subsidiary in the United States, Marapharm Las Vegas LLC, is engaged in the development, production of and commercialization of phytocannabinoid-based pharmaceutical products, in Canada and the United States. The Company has applied to Health Canada to become a licensed producer under the Marijuana for Medical Purposes Regulations (MMPR) issued pursuant to the Controlled Drugs and Substances Act (Canada). The company also intends to focus its development and growth strategy on Colorado, Nevada, Washington and California with plans to acquire – grow, production and dispensary licenses in the United States.

Additional information on the operations or financial results of Marapharm are included in reports on file with applicable securities regulatory authorities and may be accessed through the CSE website (www.thecse.com) and Sedar website (www.sedar.com) under the profile for Marapharm Ventures Inc..

FOR FURTHER INFORMATION PLEASE CONTACT:

Terry Yuck, Investor Relations

Les Kjosness, President

Bayside Management Ltd.

Marapharm Ventures Inc.

Telephone: +1-403-861-5775

Telephone: +1-604-952-6676

email: terry@marapharm.com

email: les@marapharm.com

Neither the CSE, the FSE nor the OTCQB® has approved nor disapproved the contents of this press release. Neither the CSE, the FSE nor the OTCQB® accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain statements contained in this news release constitute forward looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, ‘may”, “will”, “project”, “should”, ‘believe”, and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements are based on reasonable assumption but no assurance can be given that these expectations will prove to be correct and the forward-looking statements included in this news release should not be unduly relied upon.

Various risks and other factors could cause actual results, and actual events that occur, to differ materially from those contemplated by the forward looking statements, such as whether Marapharm is able to meet price, performance, quality and delivery requirements. Although Marapharm believes that the expectations represented by any forward-looking statements and forward-looking information contained herein are reasonable based on the information available to them on the date of this document, management cannot assure investors that actual results, performance or achievements will be consistent with these forward-looking statements or forward-looking information. Marapharm undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Marapharm04132016.pdf
Source: Marapharm Ventures Inc. (CSE:MDM) http://www.marapharm.com/

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