MARIMED INC - MRMD STOCK NEWS

MariMed Inc. announces the opening of a larger Thrive dispensary in Casey, Illinois, benefiting from its strategic location near the Indiana border and tourist attractions. The company aims to expand its presence in Illinois, a high-growth state for cannabis sales.

MariMed Inc. announces the pending acquisition of a dispensary in Upper Marlboro, Maryland, expanding its footprint. The company reported strong financial performance for the fourth quarter and year ended December 31, 2023, with record revenue generation and positive adjusted EBITDA. Financial highlights include revenue of $148.6 million for the year, GAAP gross margin of 44%, and non-GAAP adjusted EBITDA of $24.7 million.

Betty’s Eddies launches Ache Away Eddies PM, an orange creme fruit chew aimed at easing inflammation and promoting restful sleep. The product combines full spectrum cannabis with supporting cannabinoids and herbal supplements. Available in March at MariMed dispensaries and other retailers in multiple states.

Vibations, a cannabis and electrolyte drink mix, introduces new flavors and a faster 15-minute onset time. Developed by MariMed Inc., the product now offers seven flavors, including caffeine-free and sleep-promoting options, all made with natural ingredients. The drink combines full-spectrum cannabis, hydrating electrolytes, and natural caffeine or cannabinoids for focus, energy, and improved sleep. Vibations targets active cannabis consumers and will be available in various states.

MariMed Inc. will report its Q4 and full year 2023 financial results on March 6, 2024, followed by a conference call on March 7, 2024. The company aims to discuss its financial performance and provide a webcast for investors.

MariMed Inc. has started 2024 on a high note, with multiple awards for its cannabis products at regional awards shows. Vibations™ cannabis and electrolyte drink mix won first place in the Edibles: Beverages category at the 2023 High Times Cannabis Cup in Massachusetts, while Brownie Bites and Sherb Cake Live Resin also earned second place honors. Additionally, Betty’s Eddies fruit chews were named Favorite Edible at the 2024 Maryland Cannabis Awards, and Nature’s Heritage Rick Simpson Oil (RSO) was named Favorite RSO in the state. MariMed also swept the top two places as the industry’s Favorite Brand Ambassador in Maryland, with Samantha Elliott taking first place and Amanda Cruzado as runner-up. CEO Jon Levine expressed pride in the recognition, emphasizing the company's commitment to creating high-quality products that consumers love.

Betty’s Eddies™ (MRMD) celebrates 10 years of success in the cannabis industry with the launch of Betty’s Bubbly, a limited-edition sparkling champagne chew infused with fast-acting, full-spectrum cannabis and THCV. The brand, developed and distributed by MariMed Inc., has sold an estimated 35 million fruit chews in six states and Puerto Rico since 2014, supporting various health and wellness needs.

MariMed Inc. (MRMD) has announced the commencement of manufacturing and processing cannabis products in its new processing kitchen in Mt. Vernon, Illinois. The company expects its award-winning products to be available at dispensaries in Illinois in time for the holidays, including its five Thrive Dispensary-branded retail locations in the state. The state-of-the-art processing facility contains an extraction lab to produce concentrates, and a production kitchen for the manufacture of edibles and other derivative products. MariMed also plans to commence selling its Nature’s Heritage flower through retail and wholesale channels upon completion of the cultivation facility construction in 2024.

Company X (Ticker: XYZ) reports 10% increase in Q4 revenue, reaching $100 million. Net income also rose by 15% to $20 million. The company's new product launch is expected to drive further growth in the upcoming year.