These guys are multi state award winning edibles. LOL But but the Boston globe says weed stinks... HAhahahahahahah
Subsequent to the end of the 2021 fiscal year, the Company announced several significant business developments, including:
A definitive agreement to acquire Kind Therapeutics USA, LLC(“Kind”) a leading vertically integrated cannabis operation in Maryland that the Company developed and has managed for several years. Kind leases and operates its cultivation and production licensed businesses in a 180,000 square foot industrial building owned by the Company in Hagerstown and will lease and operate its provisional dispensary license in a building owned by the Company in Annapolis.
A definitive agreement to acquire a craft cannabis license in Illinois that will enable MariMed to become fully vertical in that high-growth state. The Company will soon begin construction of a new cultivation and processing facility in Mount Vernon, Illinois. When completed, the Company expects to sell its portfolio of award-winning brands in its four Thrive dispensaries and into the Illinois wholesale cannabis marketplace. The Company expects this will lead to higher revenue and gross margins from operations in Illinois
A definitive agreement to acquire a provisional dispensary license for an adult-use dispensary in a high-traffic location in Beverly, Massachusetts. When opened, this will be the Company’s second adult-use dispensary in the state, further increasing Company revenue and margins and brand recognition in Massachusetts. strengthening branded product distribution and increasing margins over time.
The launch of its new Vibations: High + Energy drink mix, marking the Company’s entry into the fast-growing cannabis beverage category. This innovative, all-natural drink mix is made from full spectrum cannabis and provides focus and energy for the mind and body. Vibations: High + Energy is available at select dispensaries in Massachusetts, including MariMed’s Panacea Wellness in Middleborough. The brand will soon also be available in Delaware and Maryland.
