MariMed Inc (MRMD)

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MariMed Inc. Begins National Expansion of Cannabis Infused Product Line In Nevada

•November 6, 2017Comment
NEWTON, Mass. and LAS VEGAS, Nov. 06, 2017 (GLOBE NEWSWIRE) -- MariMed Inc., (MRMD) and its MariMed Advisors subsidiary today announced they have entered into an exclusive licensing agreement for Alternative Medicine Association (AMA”) to produce and distribute, in Nevada, MariMed’s branded cannabis products, including unique Kalm Fusion™ THC and CBD formulations for sublingual Mari-Melts, Kalm Chewable Tablets, Kalm Corn Popcorn, Kalm Powdered Tincture and Betty’s Eddies™ line of Fruit Chews and Berry Bombs. The companies plan to commence production in the fourth quarter of 2017.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/21ad8601-641a-42b5-bcd6-088397cefe9b

MariMed’s Kalm Fusion and Betty’s Eddies branded lines of cannabis-infused products are all natural and precisely dosed for consistent results. AMA, will produce these and other MariMed products using MariMed’s proprietary formulations and processes and distribute them to state licensed cannabis dispensaries in Nevada.

“MariMed licenses its products to state-licensed facilities and operators, such as AMA, who meet MariMed’s strict production standards and will apply MariMed’s scientific formulations to create high quality end products custom designed for THC and CBD precise dosing,” noted Timothy Shaw, COO of MariMed. “Conveniently located near our client’s cultivation facility in Las Vegas, we are confident they share MariMed’s passion for excellence and quality as they have developed their own ultra efficient extraction technologies and are one of the few companies that has been successfully producing and distributing medical cannabis in Nevada since it became legal. They have also proven they can produce the potency and purity of the extracts specified for our precision dosed products, which will help our brands maintain the quality and consistency for which we are known.”

“The partnership with MariMed, allows AMA to expand the breadth and depth of its product offering to dispensaries in the rapidly growing Nevada market,” stated Mark Zobrist, Managing Partner at AMA. “We are pleased to partner with MariMed to produce and distribute their very popular line of cannabis infused products that are raising the bar for ease of use, consistent dosage and predictable results. MariMed has a reputation for exact dosing delivered in unique, convenient packages for both medicinal and recreational uses. We believe they will be enthusiastically embraced in Las Vegas and throughout Nevada.”