$MRPHF Marapharm is also expanding into California

$MRPHF Marapharm is also expanding into California. On November 16, the company entered into an an agreement to purchase an industrial facility in southern California and three medical marijuana licenses for manufacturing, cultivation, and retail uses. The land size is 40,510 square feet and the existing building size is 6,875 square feet, with a 19-foot-ceiling clearance, for a purchase price of $3.2 million based on $450 per square foot for the building and $65 per square foot for the land. The yard area is paved and suitable for greenhouse growing.

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