MariMed Announces Opening of Second Maryland Dispensary
MariMed Inc. (CSE: MRMD) (OTCQX: MRMD) has opened its second adult-use cannabis dispensary in Maryland. The new Thrive Wellness location in Upper Marlboro, Prince George's County, began operations on August 19, 2024. This expansion aligns with MariMed's strategic goal to reach the state's maximum allowable four dispensaries. The company already operates another Thrive Wellness dispensary in Annapolis and a cultivation and processing facility in Hagerstown.
CEO Jon Levine expressed excitement about the growth opportunity in Maryland's vibrant adult-use cannabis market. The new dispensary will offer MariMed's award-winning product portfolio, including Nature's Heritage, Betty's Eddies, Bubby's Baked, Vibations, and InHouse branded products. While not part of the original 2024 financial plan, this opening is expected to accelerate revenue growth for the multi-state cannabis operator.
MariMed Inc. (CSE: MRMD) (OTCQX: MRMD) ha aperto il suo secondo dispensario di cannabis per uso adulto nel Maryland. La nuova sede Thrive Wellness a Upper Marlboro, nella Contea di Prince George's, ha iniziato le operazioni il 19 agosto 2024. Questa espansione è in linea con l'obiettivo strategico di MariMed di raggiungere il massimo consentito di quattro dispensari nello stato. L'azienda gestisce già un altro dispensario Thrive Wellness ad Annapolis e una struttura di coltivazione e lavorazione ad Hagerstown.
Il CEO Jon Levine ha espresso entusiasmo per l'opportunità di crescita nel vibrante mercato della cannabis per uso adulto del Maryland. Il nuovo dispensario offrirà il portafoglio di prodotti premiati di MariMed, tra cui Nature's Heritage, Betty's Eddies, Bubby's Baked, Vibations e prodotti a marchio InHouse. Sebbene non faccia parte del piano finanziario originale del 2024, si prevede che questa apertura acceleri la crescita dei ricavi per l'operatore di cannabis a più stati.
MariMed Inc. (CSE: MRMD) (OTCQX: MRMD) ha abierto su segundo dispensario de cannabis para uso adulto en Maryland. La nueva ubicación de Thrive Wellness en Upper Marlboro, en el condado de Prince George's, comenzó a operar el 19 de agosto de 2024. Esta expansión se alinea con el objetivo estratégico de MariMed de alcanzar el máximo permitido de cuatro dispensarios en el estado. La empresa ya opera otro dispensario Thrive Wellness en Annapolis y una instalación de cultivo y procesamiento en Hagerstown.
El CEO Jon Levine expresó su entusiasmo por la oportunidad de crecimiento en el vibrante mercado de cannabis para uso adulto de Maryland. El nuevo dispensario ofrecerá el portafolio de productos galardonados de MariMed, que incluye Nature's Heritage, Betty's Eddies, Bubby's Baked, Vibations y productos de marca InHouse. Aunque no formaba parte del plan financiero original de 2024, se espera que esta apertura acelere el crecimiento de ingresos para el operador de cannabis en varios estados.
MariMed Inc. (CSE: MRMD) (OTCQX: MRMD)는 메릴랜드에서 두 번째 성인용 대마초 약국을 개설했습니다. 프린스조지 카운티의 어퍼 말보로에 위치한 새로운 Thrive Wellness 지점은 2024년 8월 19일부터 운영을 시작했습니다. 이번 확장은 메릴랜드 주에서 허용된 최대 네 개 약국에 도달하려는 MariMed의 전략적 목표와 일치합니다. 회사는 이미 아나폴리스에 또 다른 Thrive Wellness 약국과 해거스타운에 재배 및 가공 시설을 운영하고 있습니다.
CEO인 Jon Levine은 메릴랜드의 활기찬 성인용 대마초 시장에서의 성장 기회에 대한 기대감을 나타냈습니다. 새로운 약국에서는 Nature's Heritage, Betty's Eddies, Bubby's Baked, Vibations 및 InHouse 브랜드 제품을 포함한 MariMed의 수상 경력에 빛나는 제품 포트폴리오를 제공합니다. 원래 2024년 재무 계획의 일부는 아니지만, 이번 개장은 다중 주 대마초 운영자의 수익 성장을 가속화할 것으로 예상됩니다.
MariMed Inc. (CSE: MRMD) (OTCQX: MRMD) a ouvert son deuxième dispensaire de cannabis à usage adulte dans le Maryland. Le nouvel emplacement Thrive Wellness à Upper Marlboro, dans le comté de Prince George, a commencé à fonctionner le 19 août 2024. Cette expansion s'inscrit dans l'objectif stratégique de MariMed d'atteindre le maximum autorisé de quatre dispensaires dans l'État. La société exploite déjà un autre dispensaire Thrive Wellness à Annapolis et une installation de culture et de transformation à Hagerstown.
Le PDG Jon Levine a exprimé son enthousiasme pour l'opportunité de croissance sur le marché dynamique du cannabis à usage adulte du Maryland. Le nouveau dispensaire proposera le portefeuille de produits primés de MariMed, y compris Nature's Heritage, Betty's Eddies, Bubby's Baked, Vibations, et des produits de marque InHouse. Bien que cette ouverture ne fasse pas partie du plan financier initial pour 2024, elle devrait accélérer la croissance des revenus de l'opérateur de cannabis multi-états.
MariMed Inc. (CSE: MRMD) (OTCQX: MRMD) hat sein zweites Dispensary für Cannabis zum Freizeitgebrauch in Maryland eröffnet. Die neue Thrive Wellness-Standort in Upper Marlboro, Prince George's County, nahm am 19. August 2024 den Betrieb auf. Diese Expansion steht im Einklang mit MariMeds strategischem Ziel, die maximal zulässigen vier Dispensaries im Bundesstaat zu erreichen. Das Unternehmen betreibt bereits ein weiteres Thrive Wellness-Dispensary in Annapolis sowie eine Anbau- und Verarbeitungsanlage in Hagerstown.
CEO Jon Levine äußerte sich begeistert über die Wachstumschancen auf dem lebhaften Markt für Cannabis zum Freizeitgebrauch in Maryland. Das neue Dispensary wird das preisgekrönte Produktportfolio von MariMed anbieten, einschließlich Nature's Heritage, Betty's Eddies, Bubby's Baked, Vibations und Produkte der Marke InHouse. Obwohl diese Eröffnung nicht Teil des ursprünglichen Finanzplans für 2024 ist, wird erwartet, dass sie das Umsatzwachstum des Multi-State-Cannabis-Betreibers beschleunigt.
- Opening of second adult-use dispensary in Maryland, expanding market presence
- Strategic progress towards reaching Maryland's maximum allowable four dispensaries
- Potential for accelerated revenue growth from the new dispensary
- Offering a wide range of MariMed's award-winning product portfolio at the new location
- None.
NORWOOD, Mass., Aug. 19, 2024 (GLOBE NEWSWIRE) -- MariMed Inc. (“MariMed,” “the Company”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state cannabis operator focused on improving lives every day, announced the opening of Thrive Wellness in Upper Marlboro, Maryland on Monday, August 19th, 2024.
This new location is MariMed’s second adult-use dispensary in Maryland, situated at 9520 Marlboro Pike in Prince George’s County, Upper Marlboro. The Company also owns and operates another Thrive Wellness dispensary in Annapolis, in addition to a cultivation and processing facility in Hagerstown.
“We are excited to expand our presence in Maryland with the launch of our second dispensary in the state,” said Jon Levine, Chief Executive Officer of MariMed. “Maryland represents a vibrant, high-growth market for adult-use cannabis. Expanding our dispensary footprint to the state's maximum allowable of four locations has been a key strategic goal for us, and this opening brings us closer to achieving that. Although this dispensary wasn’t part of our 2024 financial plan, we’re enthusiastic about the potential it offers to further accelerate our revenue growth.”
Thrive Wellness in Upper Marlboro features a carefully curated selection of products from MariMed’s award-winning brand portfolio. This includes Nature’s Heritage flower and concentrates, Betty’s Eddies fruit chews, Bubby’s Baked soft-baked goods, Vibations hydrating drink mixes, and the complete line of InHouse branded products. MariMed’s cannabis products are available at every dispensary throughout Maryland.
About MariMed
MariMed Inc, a multi-state cannabis operator, is dedicated to improving lives every day through its high-quality products, its actions, and its values. The Company develops, owns, and manages seed to sale state-licensed cannabis facilities, which are models of excellence in horticultural principles, cannabis cultivation, cannabis-infused products, and dispensary operations. MariMed has an experienced management team that has produced consistent growth and success for the Company and its managed business units. Proprietary formulations created by the Company’s technicians are embedded in its top-selling and award-winning products and brands, including Betty's Eddies™, Nature’s Heritage™, InHouse™, Bubby’s Baked™, K Fusion™, Kalm Fusion™, and Vibations™. For additional information, visit www.marimedinc.com.
Company Contact:
Howard Schacter
Chief Communications Officer
Email: hschacter@marimedinc.com
Phone: (781) 277-0007
Investor Relations Contact:
Steve West
Vice President, Investor Relations
Email: ir@marimedinc.com
Phone: (781) 277-0007
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