MariMed Inc (MRMD)

[Giovanni]

[SmokeABull]

Considering the rise in the cost of living, inflation, etc. cannabis sales have done very well

The random article you posted only mentions Colorado, a state Marimed isn’t interested in.

[Giovanni]

MJ sales suck nationwide


Another major marijuana brand exits Colorado market
By MJBizDaily Staff
December 19, 2023 - Updated December 19, 2023


Ranks of women, minority cannabis execs rebound to pre-pandemic levels, according to the latest data from the MJBiz Diversity, Inclusion and Equity Report. Get your copy here.

Coda Signature, an early entrant in Colorado’s regulated marijuana market, is the latest brand to cut business operations in the state.

The homegrown, award-winning cannabis edibles maker will concentrate efforts in other markets after facing escalating challenges in Colorado since the COVID-19 pandemic, according to Denver alt-weekly Westword.

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“Colorado’s cannabis market declines in recent years combined with the significant oversupply has caused the company to make the difficult decision to close operations in Colorado,” Coda Signature told Westword in a statement.

Only five years earlier, Coda Signature laid out an expansion plan to become a national cannabis brand built on its success in the edibles segment with its line of truffles, candy bars, single-serve treats and other products.

But marijuana sales in Colorado have fallen drastically since 2021.

In February, for example, medical and recreational marijuana retailers in the state posted their lowest sales in four years.

Then, in April, Colorado’s regulated cannabis industry suffered its “worst 4/20 in five years,” according to the Marijuana Industry Group.


Lingering challenges have prompted several marijuana companies to reduce or eliminate operations altogether in the nation’s most established adult-use market, which opened on Jan. 1, 2014.

In January, multistate operator Curaleaf Holdings said it was shuttering its operations in Colorado as well as California and Oregon, reducing its payroll by 10%.

[Giovanni]

Average retail space in cannabis stores climbs sharply

mjbizdaily.com
https://mjbizdaily.com › average-retail-space-in-canna...
Sep 28, 2021 — Medical dispensaries averaged 3,357 square feet of retail space in 2020, while recreational shops averaged 4,308 square feet, according to owner ...

16000 square feet compared to 3357 square feet is a very large difference. Try a remedial math course;0(((

Oh and Merry Christmas and Happy New Year!

[SmokeABull]

MRMD dispensaries sell a large variety of brands and strains. So again, you’ve proven my point. You’ve never been to a dispensary

[Giovanni]

MRMD is a one choice dispensary?

Variety is the spice of life!
Does your dispensary have a choice of 3 strains of weed?

or Along Came Jones With 300 strains available at all price points!

"stupid is as stupid does"
People also ask
What does it mean to say stupid is as stupid does?
"Stupid is as stupid does" is a saying that means that someone's actions or behavior can reveal their intelligence or lack thereof. The phrase suggests that it is not enough to simply appear or claim to be intelligent – one's actions and decisions must also reflect intelligence in order for it to be genuine.
insert-text-here

[SmokeABull]

The state and federal laws don’t care how large a dispensary is. They all play by the same rules

[Giovanni]

A 16000 square foot dispensary is a supermarket dumb ass

[SmokeABull]

Every dispensary in MA has to abide by the same rules and regulations. So yeah, clearly you’ve never been to a dispensary

[Giovanni]

LOL
You have never been to a good dispensary!

You better up your game!

I say bullshite to this!
"Apparently you’ve never been to a dispensary because it’s nothing like a liquor store"

Boston, MA

Ascend Wellness
The East Coast's largest recreational marijuana dispensary is now open in downtown Boston. A grand opening was held Thursday at Ascend Wellness, located just steps from the TD Garden on Friend Street.Ascend's 16,000-square-foot dispensary covers several floors of the building.May 13, 2021

[SmokeABull]

Just because there will be many cannabis brands for consumers to choose from, doesn’t mean that it’ll mirror liquor stores. Cannabis will always be way more regulated than alcohol. You won’t be able to walk into a dispensary and grab cannabis off the shelf, never never

[happyglass]

It like a liquor store and is going to be more and more like a liquor store. This industry parallels the alcohol industry almost exactly. There one used to be few choices for an alcoholic beverage. Beer, wine, bathtub gin(literally made in a bathtub) and moonshine. Then Canada legalized it first then the US followed several years later.

[SmokeABull]

Apparently you’ve never been to a dispensary because it’s nothing like a liquor store

[Giovanni]

Think of when you walk into a liquor store.

whole plethora of prices.
Polar Bear vodka $2.99
Ruble vodka $3.79


BELUGA
Beluga Vodka Noble Beluga Epicure By Lalique
Regular price$9,999.99 USD Sale price$9,699.99 USDSale

[SmokeABull]

No, no they don’t. And marimed’s nature’s heritage hasn’t dropped in price

[Giovanni]

dispensary sold z for 60 They do this once or twice a month.

wtfdyk?

[olivernoyes]

MariMed Commences Operations of Processing Facility in Mt. Vernon, Illinois
MT NEWSWIRES

2:03 PM ET 12/04/2023

02:03 PM EST, 12/04/2023 (MT Newswires) -- MariMed Inc. (MRMD) , a multi-state cannabis operator in the US, said Monday it has begun manufacturing and processing cannabis products in its new processing kitchen in Mt. Vernon, Illinois. After construction and regulatory delays, the company expects its products will be available at dispensaries in Illinois in time for the holidays. These include MariMed's (MRMD) five Thrive Dispensary-branded retail locations in the state.

"We are thrilled that after such a long delay, we are finally commencing operations of our Mt. Vernon processing facility, which officially makes MariMed (MRMD) a vertically integrated cannabis operator in Illinois," said CEO Jon Levine. "It is an important part of our strategic growth plan to increase our revenue and profitability by expanding in the high-growth states in which we currently operate. Illinois regulations allow operators to own up to 10 dispensaries and three craft licenses, and we intend to continue expanding 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. The cultivation facility is currently under construction in the same facility and is expected to be completed in 2024.

"Being vertical in Illinois will improve our retail gross margins and allow us to wholesale our branded products to other dispensaries," added Ryan Crandall, Chief Revenue Officer. "Our wholesale operations are already ramping and have secured early purchase commitments from retailers throughout the state. The opening of the processing facility, in addition to the opening of our cultivation facility in 2024, are important steps in the execution of MariMed's (MRMD) strategic growth plan."

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

[SmokeABull]

You’re high if you think oz are $70. 1/8’s are $45-50

[Giovanni]

$70 marijuana an ounce @ dispensaries.. 
  
 opps

[MR Bucks]

Fins say essentially: Less profitable revenue.

Hope they find a way to turn that around!

[Giovanni]

glad you are following my advice

enjoy the day

[SmokeABull]

Isn’t that what we’re supposed to do after the stocks jump on political news?

[Giovanni]

smoke is that you selling?

JS

[PI investor]

The next is MariMed (MRMD). CNBC’s Tim Seymour called this company the best cannabis stock you’ve never heard of, and I agree. In 2023, the company is expected to generate more than $150 million in sales and $36 million in Ebitda. That’s an Ebitda margin of 23%. As a comparison, the entire S&P 500 is expected to generate a 20% margin this year. https://www.forbes.com/sites/investor-hub/article/cannabis-stocks-what-you-need-to-know/?sh=7b207e66355a

[GoldRu$$H]

Great news, they are still growing. Thanks for the post.

[olivernoyes]

MariMed Announces Thrive Dispensary Opening in Casey, Illinois

NORWOOD, Mass., Oct. 11, 2023 (GLOBE NEWSWIRE) -- MariMed Inc. (MRMD) (“MariMed” or the “Company”) (CSE: MRMD) , a leading multi-state cannabis operator focused on improving lives every day, today announced the opening of an adult-use Thrive dispensary in Casey, Illinois. This opening marks the fifth operational dispensary in Illinois, and the 12th dispensary that MariMed (MRMD) owns or manages across five states.

The dispensary, which is the first in Clark county, is located at 912 N. State Highway 49 in Casey, Illinois. Casey is in eastern Illinois at the intersection of state Highway 49 and U.S. Interstate 70. Located just 30 miles from the Indiana border, Thrive Casey is the closest dispensary to that state, which has not passed a legal marijuana program.

Casey is known as the Big Things Small Town, and is home to nearly 30 “World’s Largest” and “Big Things,” including 12 that are included in the Guiness Book of World Records. Among the records are the World’s Largest Rocking Chair and Mailbox.

“We have high hopes for the Thrive dispensary location in Casey,” said Rosie Naumovski, MariMed’s General Manager for the state of Illinois. “It’s ideally located just off Interstate 70, close to the Indiana border and with no other dispensaries within a 30-minute drive. We are also excited to contribute to Casey’s culture as the home of big things. After all, MariMed (MRMD) is the company that created the World’s Largest Pot Brownie!”

With the full support and encouragement of Illinois regulators and Casey’s city council, the new Thrive dispensary will temporarily operate in a converted mobile bank until construction of the permanent dispensary is completed. The Thrive dispensary in Casey will be managed by MariMed (MRMD) under a Managed Servies Agreement until the license transfer is approved by the Illinois Cannabis Control Office. The Company also operates Thrive dispensary locations in Anna, Harrisburg, Metropolis, and Mount Vernon, Illinois.

In addition to its retail operations, MariMed (MRMD) continues to build its processing and cultivation facility in Mt. Vernon, Illinois. The processing facility is expected to open during the fourth quarter, at which time MariMed (MRMD) will produce its award-winning edibles and sell them through its retail and new wholesale channels. The Company expects the cultivation facility construction to be completed in early 2024.

About MariMed (MRMD)
MariMed Inc. (MRMD), 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 (MRMD) 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: High + Energy, which trademarks of MariMed Inc. (MRMD) For additional information, visit www.marimedinc.com.

For MariMed Investors
Certain statements made in this press release that are not based on historical information are forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This press release contains express or implied forward-looking statements relating to, among other things, MariMed Inc.'s (MRMD) expectations concerning management's plans, objectives and strategies, including its plans to continue to expand its footprint in the Commonwealth of Massachusetts to the maximum allowed by state regulations. These statements are neither promises nor guarantees but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. MariMed (MRMD) undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For additional disclosure regarding these and other risks faced by MariMed (MRMD), see the disclosure contained in our public filings with the Securities and Exchange Commission including, without limitation, our most recent Annual Report on Form 10-K.

Investor Relations Contact:
Steve West
Vice President, Investor Relations
Email: [e-mail]
Phone: [phone]

Company Contact:
Howard Schacter
Chief Communications Officer
Email: [e-mail]
Phone: [phone]



Image: https://www.globenewswire.com/newsroom/ti?nf=ODk0Njc3NyM1ODY1OTg1IzIwODcxMDM=
Image: https://ml.globenewswire.com/media/NjQ3ZDIyMzMtOTI3My00ZjdlLWJlZWUtMDYyZGY4OWU2YzhlLTEwOTg2NzQ=/tiny/MariMed-Inc-.png
Image: Primary Logo

Source: MariMed Inc. (MRMD)

[Giovanni]

Compared to the swag in dispensaries Amsterdam is fantastic.
You just did not know where to go.

[Giovanni]

Compared to the swag in dispensaries Amsterdam is fantastic.
You just did not know where to go.

[SmokeABull]

Looks like the mini bull run is over…The DEA is going to take as long as they can to make a decision about rescheduling, so I assume all these cannabis stocks will slip back to their 52wk lows

[$5.95akadawson-m]

I have my sources, you have yours.

[Randyfloyd420]

Wrong. Amsterdam isnt special

[Randyfloyd420]

That’s not even true

[Randyfloyd420]

That’s not true at all.

[olivernoyes]

https://www.marijuanamoment.net/white-house-promotes-bidens-marijuana-moves-as-part-of-fight-for-our-freedom-campaign-to-mobilize-young-people/

[olivernoyes]

Note: This is from 6 months ago...a tour of Kind Therapeutics.

[$5.95akadawson-m]

Pretty much. LOL!

[Giovanni]

lol
That must carry a life sentence

[buylosellhi]

Nice moves here lately, let's see if we can get to $1 by year end.

[$5.95akadawson-m]

Yes the best seeds come from Amsterdam but it's illegal to buy them.

[Giovanni]

Swag from MRMD?

Grow your own!

Hint: buy the best seeds available from Amsterdam

[$5.95akadawson-m]

I read it, then smoked it.

[Giovanni]

You better read it as it still keeps weed illegal at the federal level
================================================
Biden’s marijuana review process recommends DEA move weed to Schedule III:

[$5.95akadawson-m]

I bought in 2020 and always buying more.

[buylosellhi]

I haven't been in for 2 years, but close to it. I'm buying more this morning. I like the balance sheet on this one.

[olivernoyes]

Nice to see a couple of new faces in here. We've been watching the paint dry for about the last 2 years. Finally, the tide is turning and some life is starting to come back into the sector. Let's hope this is the beginning of a long and fruitful run up through the end of the year. It is desperately needed.

Welcome to the board!

[$5.95akadawson-m]

I won’t hold my breath. I don’t want to faint.

[bransteff]

Squeezeeee

[bransteff]

Let's gooo

[SmokeABull]

Don’t hold your breath with the DEA…remember, they make money busting people for possessing drugs

[$5.95akadawson-m]

Biden’s marijuana review process recommends DEA move weed to Schedule III: The recommendation is the result of a yearlong review initiated by the president.