STOCK TITAN

MARIMED INC - MRMD STOCK NEWS

Welcome to our dedicated page for MARIMED news (Ticker: MRMD), a resource for investors and traders seeking the latest updates and insights on MARIMED stock.

MariMed Inc. is a multi-state cannabis operator dedicated to enhancing lives daily through high-quality products, values, and actions. The company develops, owns, and manages state-licensed cannabis facilities, excelling in horticultural principles, cannabis cultivation, infused products, and dispensary operations. With expert management, MariMed has seen consistent growth and success through proprietary formulations reflected in award-winning brands like Betty's Eddies, Nature’s Heritage, InHouse, Bubby’s Baked, K Fusion, Kalm Fusion, and Vibations.

Rhea-AI Summary
MariMed introduces new Blueberry Muffin bites to its Bubby's Baked line of THC-infused edibles
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.11%
Tags
none
-
Rhea-AI Summary
MariMed Inc. announces strong financial results for Q2 2023 with revenue of $36.5 million, a year-over-year increase of 10%. The company reported its 14th consecutive quarter of positive adjusted EBITDA. The wholesale business achieved record sales, and the Maryland operations experienced exponential growth to support increased demand from adult-use sales.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.44%
Tags
-
Rhea-AI Summary
MariMed executives and team members staged the 'Boston 280E THC Party' to protest Section 280E of the IRS Code, which burdens cannabis companies with higher taxes. They boarded a boat in Boston Harbor, heaved cargo chests overboard, and chanted anti-280E slogans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4%
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.28%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.15%
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.21%
Tags
-
Rhea-AI Summary

MariMed Inc. (CSE: MRMD) has opened its third adult-use dispensary in Massachusetts under the brand Panacea Wellness in Beverly, enhancing its presence in the Boston area. This marks the company’s tenth dispensary across four states. The grand opening will occur from April 27 to April 29, featuring entertainment and free merchandise. The company also operates a cultivation facility in New Bedford and plans to maximize its footprint in Massachusetts, which generated $1.8 billion in cannabis sales in 2022. MariMed offers a range of premium cannabis products, including Nature’s Heritage and Betty’s Eddies. The company's strategic expansion demonstrates its commitment to capturing market share in a rapidly growing industry.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
Tags
none
-
Rhea-AI Summary

MariMed Inc. (CSE: MRMD, OTCQX: MRMD) has appointed Kathleen Tucker to its Board of Directors, enhancing its leadership in the cannabis sector. Tucker brings over 25 years of experience in consumer marketing, product development, and operations. She has previously served as CEO of Presence Enterprises and COO of MariMed's subsidiary and 3C Compassionate Care Center. Tucker holds an MBA and B.S. in Operations and Computer Science from Northern Illinois University. MariMed aims to strengthen its brand appeal and customer experience with Tucker's insights, as stated by CEO Jon Levine. The company continues to focus on high-quality, innovative cannabis products across its multiple operations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.54%
Tags
none
Rhea-AI Summary

MariMed Inc. (CSE: MRMD, OTCQX: MRMD), a leading multi-state cannabis operator, will report its Q1 2023 financial results on May 8, 2023, after market close. Management will host a conference call on May 9, 2023, at 8:00 a.m. EST to discuss the financial outcomes. The call will be accessible via a webcast on MariMed’s Investor Relations website, where a playback will also be available. MariMed is dedicated to improving lives through its high-quality cannabis products, utilizing state-licensed facilities and proprietary formulations that underpin its popular brands such as Betty's Eddies and Nature’s Heritage.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.27%
Tags

FAQ

What is the current stock price of MARIMED (MRMD)?

The current stock price of MARIMED (MRMD) is $0.11814 as of December 20, 2024.

What is the market cap of MARIMED (MRMD)?

The market cap of MARIMED (MRMD) is approximately 55.3M.

What is MariMed Inc. known for?

MariMed Inc. is recognized for its high-quality cannabis products, state-licensed facilities, and award-winning brands like Betty's Eddies and Nature’s Heritage.

What are MariMed Inc.'s core operations?

MariMed Inc. develops, owns, and manages cannabis facilities, excelling in horticultural principles, cultivation, infused products, and dispensary operations.

Who leads MariMed Inc.'s management team?

MariMed Inc. is led by an experienced management team that has driven consistent growth and success for the company and its business units.

What products does MariMed Inc. offer?

MariMed Inc. offers a range of products under various brands, including Betty's Eddies, Nature’s Heritage, InHouse, Bubby’s Baked, K Fusion, Kalm Fusion, and Vibations.

How can one access MariMed Inc.'s products?

MariMed Inc.'s cannabis products are distributed to nearly every dispensary in the state of Maryland.

What recent acquisitions has MariMed Inc. made?

MariMed Inc. recently acquired an adult-use Thrive Wellness dispensary in Upper Marlboro, Maryland, further expanding its presence in the high-growth adult-use market.

What significant development has MariMed Inc. celebrated in the cannabis industry?

MariMed Inc. is enthusiastic about the impending reclassification of cannabis from Schedule I to Schedule III under the Controlled Substances Act, which will have substantial positive implications for the industry.

What financial strength does MariMed Inc. demonstrate?

MariMed Inc. has shown financial resilience, reporting consistent growth, positive adjusted EBITDA, and anticipation of millions of dollars in tax savings after the elimination of Section 280E.

How does MariMed Inc. view the future of the cannabis industry?

MariMed Inc. expresses optimism for major positive changes in the industry, including increased access to capital, mainstream acceptance, and better financial services.

Where can one get more information about MariMed Inc.?

For additional information about MariMed Inc., visit their official website at www.marimedinc.com.

MARIMED INC

OTC:MRMD

MRMD Rankings

MRMD Stock Data

55.29M
280.32M
14.03%
0.3%
Drug Manufacturers - Specialty & Generic
Healthcare
Link
United States of America
Norwood