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Cannabis Co. MariMed Finalizes $11M Deal To Acquire First State Compassion
Friday, March 7, 2025 - 10:02am | 494In a strategic move aligning with Delaware's shift toward adult-use cannabis, multi-state cannabis operator MariMed Inc. (OTCQX:MRMD) has completed its acquisition of First State Compassion Center (FSCC), the state's leading cannabis operator. This deal, originally structured in a July 2023 Omnibus...
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MariMed's Q3 Revenue Slightly Up YoY As Net Loss Improves, Revises Guidance
Thursday, November 7, 2024 - 8:30am | 530After the market closed Wednesday, multi-state cannabis operator MariMed Inc. (CSE:MRMD) (OTCQX:MRMD) reported its financial results for the third quarter ended Sep. 30, 2024. The Massachusetts-headquartered marijuana company disclosed quarterly revenue of $40.6 million, up from $38.8 million in...
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EXCLUSIVE: Emotional Connection With Consumers Is Secret Sauce For Any Brand To Prosper, It's Same With Cannabis, Experts Say
Monday, October 14, 2024 - 12:52pm | 934"Brands emotionally connect with consumers… in order for your brand to resonate, you have to emotionally connect with the consumer." That’s according to Richie Proud, CEO and director at iAnthus Capital Holdings Inc (OTC:ITHUF). He told the crowd gathered last week at the Benzinga Cannabis...
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These Two Marijuana Giants Will Soon Report Earnings, Hear From CEOs At Benzinga Cannabis Conference
Monday, October 7, 2024 - 11:31am | 780Curaleaf Curaleaf Holdings, Inc. (TSX:CURA) (OTCQX:CURLF) will report its financial and operating results for the third quarter that ended Sept. 30, 2024 after market close on Nov. 6, 2024. The cannabis giant said it would host a conference call and audio webcast on the same day at 5:00 pm Eastern...
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Cannabis Rescheduling Likely 'In The Next 12 Months,' Says MariMed CEO As Company Invests In Key Markets
Monday, August 12, 2024 - 7:19pm | 753Senior analyst Pablo Zuanic hosted a fireside chat Monday evening with Jon Levine, CEO of MariMed Inc. (OTC: MRMD) who outlined the company's operations, growth strategies and financial outlook. The discussion provided insights into MariMed's performance in key...
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MariMed Revenue Grows 10.7% QoQ, Hires New CFO And Remains On Track To Deliver 2024 Financial Targets
Thursday, August 8, 2024 - 8:07am | 818Multi-state cannabis operator MariMed (CSE:MRMD) (OTCQX:MRMD) disclosed its financial results for the second quarter ended June 30, 2024, revealing revenue of $40.4 million, compared to $36.5 million in the same period last year. "With the first half of the year in the books, I'm pleased to say we...
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Cannabis Cultivation Solutions Provider Agrify And California's Nature's Miracle Sign Definitive Merger Deal
Thursday, May 16, 2024 - 11:35am | 676Vertical farming technology and infrastructure provider Nature’s Miracle Holding Inc. (NASDAQ:NMHI) and Agrify Corporation (NASDAQ:AGFY) announced Thursday that both parties have signed a definitive agreement and merger plan. Under the deal, a new wholly-owned subsidiary of Nature’s...
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Q1 2024: MariMed's Revenue Rises To $37.9M, Amid Declining Gross Margin
Wednesday, May 8, 2024 - 10:22pm | 610MariMed Inc. (MRMD), a multi-state cannabis operator, disclosed its financial outcomes Wednesday evening for the first quarter of 2024, which ended on March 31. The company reported a revenue of $37.9 million, an increase from $34.4 million in the corresponding quarter last year. Jon Levine, the...
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MariMed Is On A Roll: Partners With Two Iconic Music Venues In Boston, Acquires Another Illinois Cannabis Dispensary
Thursday, April 11, 2024 - 10:14am | 669Multi-state marijuana operator MariMed Inc. (CSE:MRMD) (OTCQX:MRMD) has closed the acquisition of Allgreens Dispensary, LLC on Tuesday, April 9, its fifth dispensary in Illinois. The Massachusetts-based company said the green light from the Illinois Department of Financial & Professional...
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Multi-State Marijuana Operator, MariMed, Buys Second Dispensary In Maryland
Wednesday, April 10, 2024 - 9:14am | 578Multi-state marijuana operator MariMed (CSE:MRMD) (OTCQX:MRMD) completed the acquisition of the operating assets of Our Community Wellness & Compassionate Care Center in Prince George’s County, Maryland on April 5th. Just before closing, MariMed paid the state's adult-use conversion fee...
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'Unsexy' Alternative, Operating Within Constraints, Consistency & Love: 3 Experts On Making Cannabis Businesses Self-Sustainable
Wednesday, March 27, 2024 - 2:29pm | 1059As we all wait for federal cannabis policy reform, marijuana businesses continue to face challenges. To overcome obstacles and stay afloat, some operators concentrate on innovation, others play small and some focus on their balance sheets. However, some have managed to scale their operations and...
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How Did MariMed Cannabis Company's Revenue Surge By 48%? Find Out At Benzinga Cannabis Capital Conference
Thursday, March 21, 2024 - 10:01pm | 476MariMed, Inc. has embarked on a remarkable journey, boasting a 48% increase in wholesale revenue in 2023 and projecting over 20% growth for 2024. Under the leadership of CEO Jon Levine, the company has navigated through regulatory uncertainties and competitive market headwinds with strategic...
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Top Cannabis Industry Leaders Who Took The Reins In 2023
Friday, December 29, 2023 - 2:15pm | 1154In 2023, top executives in the cannabis industry continued to play a pivotal role in shaping the future of the rapidly growing market. These executives championed sustainability, social responsibility and inclusive business practices on the path to creating a more diverse and equitable cannabis...
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EXCLUSIVE: MariMed CEO Discusses Evolving Illinois Cannabis Market, Rescheduling
Thursday, September 28, 2023 - 9:23am | 507Jon Levine, CEO of multi-state cannabis operator, MariMed (OTC: MRMD), and Erik Sloane, Global Head of Corporate Listings at Cboe Canada, discussed the evolving Illinois cannabis market at the Benzinga Cannabis Capital Conference. Levine noted their strong management team, emphasizing their...
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MariMed Q2 FY23 Revenue Grows 10.7% YoY, What About Adjusted EBITDA?
Thursday, August 3, 2023 - 8:19am | 408MariMed Inc. (OTC: MRMD) (CSE:MRMD) released its financial results for the second quarter ended June 30, 2023, revealing revenue of $36.5 million, an increase of 10.7% compared to $33 million in Q2 2022. Q2 2023 Financial Highlights Gross profit $16.4 million compared to $15 million in Q2 2022...