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MariMed Commences Cultivation Operations in Mt. Vernon, Illinois Grow Facility

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MariMed Inc. (CSE: MRMD) (OTCQX: MRMD) has commenced cultivation operations at its new facility in Mt. Vernon, Illinois. The company expects its first harvest in early 2025, when it will begin selling its Nature's Heritage flower and concentrates through retail and wholesale channels statewide. The Mt. Vernon facility also houses a processing kitchen, which started producing cannabis-infused products last December.

MariMed operates five Thrive dispensaries in Illinois, offering a range of products including Betty's Eddies fruit chews, Bubby's Baked soft-baked goods, Vibations hydrating drink mixes, and InHouse branded products. The company's CEO, Jon Levine, stated that this expansion strengthens MariMed's position in Illinois and supports their mission to deliver high-quality cannabis products to customers in the growing adult-use market.

MariMed Inc. (CSE: MRMD) (OTCQX: MRMD) ha iniziato le operazioni di coltivazione presso la sua nuova struttura a Mt. Vernon, Illinois. L'azienda prevede di effettuare il primo raccolto all'inizio del 2025, quando inizierà a vendere il suo fiore Nature's Heritage e concentrati attraverso canali al dettaglio e all'ingrosso in tutto lo stato. La struttura di Mt. Vernon ospita anche una cucina di trasformazione, che ha iniziato a produrre prodotti infusi con cannabis lo scorso dicembre.

MariMed gestisce cinque dispensari Thrive in Illinois, offrendo una gamma di prodotti tra cui caramelle di frutta Betty's Eddies, dolci morbidi Bubby's Baked, miscele per bevande idratanti Vibations e prodotti a marchio InHouse. Il CEO dell'azienda, Jon Levine, ha dichiarato che questa espansione rafforza la posizione di MariMed in Illinois e supporta la loro missione di fornire prodotti di cannabis di alta qualità ai clienti nel crescente mercato dell'uso da parte degli adulti.

MariMed Inc. (CSE: MRMD) (OTCQX: MRMD) ha comenzado las operaciones de cultivo en su nueva instalación en Mt. Vernon, Illinois. La empresa espera su primera cosecha a principios de 2025, momento en el cual comenzará a vender su flor Nature's Heritage y concentrados a través de canales minoristas y mayoristas en todo el estado. La instalación de Mt. Vernon también alberga una cocina de procesamiento, que comenzó a producir productos infusionados con cannabis el pasado diciembre.

MariMed opera cinco dispensarios Thrive en Illinois, ofreciendo una variedad de productos que incluyen caramelos de frutas Betty's Eddies, productos horneados suaves Bubby's Baked, mezclas de bebidas hidratantes Vibations y productos de la marca InHouse. El CEO de la compañía, Jon Levine, declaró que esta expansión fortalece la posición de MariMed en Illinois y apoya su misión de ofrecer productos de cannabis de alta calidad a los clientes en el creciente mercado de uso para adultos.

MariMed Inc. (CSE: MRMD) (OTCQX: MRMD)는 일리노이주 마운트 버논에 새 시설에서 재배 작업을 시작했습니다. 회사는 2025년 초 첫 수확을 기대하고 있으며, 그때에 Nature's Heritage 꽃과 농축액을 주와 소매 및 도매 채널을 통해 판매하기 시작할 예정입니다. 마운트 버논 시설에는 가공 주방도 있어 지난 12월부터 대마초-infused 제품 생산을 시작했습니다.

MariMed는 일리노이주에 다섯 개의 Thrive 약국을 운영하며, Betty's Eddies 과일 캔디, Bubby's Baked 부드러운 구운 제품, Vibations 수분 보충 음료 믹스, 그리고 InHouse 브랜드 제품 등 다양한 제품을 제공합니다. 회사의 CEO인 Jon Levine은 이번 확장이 일리노이주에서 MariMed의 입지를 강화하고 있으며, 증가하는 성인 사용 시장에 고품질 대마초 제품을 제공하겠다는 미션을 지원했다고 밝혔습니다.

MariMed Inc. (CSE: MRMD) (OTCQX: MRMD) a débuté ses opérations de culture dans sa nouvelle installation à Mt. Vernon, Illinois. L'entreprise prévoit sa première récolte début 2025, moment où elle commencera à vendre sa fleur Nature's Heritage et ses concentrés à travers des canaux de vente au détail et en gros à l'échelle de l'État. L'installation de Mt. Vernon abrite également une cuisine de transformation, qui a commencé à produire des produits infusés au cannabis en décembre dernier.

MariMed exploite cinq dispensaires Thrive en Illinois, offrant une gamme de produits comprenant des bonbons aux fruits Betty's Eddies, des produits de boulangerie moelleux Bubby's Baked, des mélanges de boissons hydratantes Vibations et des produits de marque InHouse. Le PDG de l'entreprise, Jon Levine, a déclaré que cette expansion renforce la position de MariMed en Illinois et soutient leur mission de fournir des produits de cannabis de haute qualité aux clients sur le marché en pleine croissance de l'utilisation par les adultes.

MariMed Inc. (CSE: MRMD) (OTCQX: MRMD) hat d ie Anbauarbeiten aufgenommen in seiner neuen Einrichtung in Mt. Vernon, Illinois. Das Unternehmen erwartet seine erste Ernte Anfang 2025, wenn es beginnt, seine Nature's Heritage-Blüten und -Konzentrate über Einzelhandels- und Großhandelskanäle im gesamten Bundesstaat zu verkaufen. Die Einrichtung in Mt. Vernon beherbergt auch eine Verarbeitungsküche, die im vergangenen Dezember mit der Produktion von Produkten, die mit Cannabis infundiert sind, begonnen hat.

MariMed betreibt fünf Thrive-Apotheken in Illinois und bietet eine Reihe von Produkten an, darunter Betty's Eddies Obstbonbons, Bubby's Baked weiche Backwaren, Vibations hydratisierende Getränkemischungen und Produkte der Marke InHouse. Der CEO des Unternehmens, Jon Levine, erklärte, dass diese Expansion die Position von MariMed in Illinois stärkt und ihre Mission unterstützt, hochwertigen Cannabisprodukte an Kunden im wachsenden Markt für den Erwachsenenbedarf zu liefern.

Positive
  • Commencement of cultivation operations in new Mt. Vernon, Illinois facility
  • Expected first harvest and product distribution in early 2025
  • Existing processing kitchen producing cannabis-infused products since December
  • Operation of five Thrive dispensaries in Illinois
  • Expansion strengthens MariMed's position in the Illinois adult-use market
Negative
  • None.

Seedlings Planted In Time for Retail and Wholesale Distribution in Early 2025

NORWOOD, Mass., Oct. 14, 2024 (GLOBE NEWSWIRE) -- MariMed Inc. (“MariMed,” “the Company”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state cannabis operator, today announced it commenced operations in its new cultivation facility in Mt. Vernon, Illinois. The first harvest is expected in early 2025, at which time the Company will sell its award-winning Nature’s Heritage flower and concentrates through its retail and wholesale channels throughout the state.

“We are thrilled to commence cultivation operations at our new Mt. Vernon facility,” said Jon Levine, MariMed’s Chief Executive Officer. “Illinois is a fantastic adult-use market and adding flower production is a critical step in our strategy to meet increasing user demand. This expansion strengthens our position in Illinois and furthers our mission of delivering high-quality cannabis products to our customers.”

In addition to cultivation, MariMed’s Mt. Vernon facility houses a state-of-the-art processing kitchen, which began producing a wide range of cannabis-infused products last December. The Company also operates five Thrive dispensaries in Anna, Casey, Harrisburg, Metropolis, and Mt. Vernon. They offer a curated selection of products across its award-winning brand portfolio, including Betty’s Eddies fruit chews, Bubby’s Baked soft-baked goods, Vibations hydrating drink mixes, the full suite of its InHouse branded products, and coming soon, Nature’s Heritage flower and concentrates.

About MariMed
MariMed Inc. is a leading multi-state cannabis operator, known for developing and managing state-of-the-art cultivation, production, and retail facilities. Our award-winning portfolio of cannabis brands, including Betty's Eddies™, Bubby’s Baked™, Vibations™, InHouse™, and Nature’s Heritage™, sets us apart as an industry leader. These trusted brands, crafted with quality and innovation, are recognized and loved by consumers across the country. With a commitment to excellence, MariMed continues to drive growth and set new standards in the cannabis industry. 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


FAQ

When will MariMed (MRMD) begin harvesting cannabis from its new Mt. Vernon, Illinois facility?

MariMed expects to have its first harvest from the new Mt. Vernon, Illinois facility in early 2025.

What products will MariMed (MRMD) sell from its new Illinois cultivation facility?

MariMed will sell its Nature's Heritage flower and concentrates from the new Illinois cultivation facility.

How many dispensaries does MariMed (MRMD) operate in Illinois?

MariMed operates five Thrive dispensaries in Illinois, located in Anna, Casey, Harrisburg, Metropolis, and Mt. Vernon.

What cannabis-infused products does MariMed (MRMD) offer in its Illinois dispensaries?

MariMed offers products such as Betty's Eddies fruit chews, Bubby's Baked soft-baked goods, Vibations hydrating drink mixes, and InHouse branded products in its Illinois dispensaries.

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