Staff
MariMed Inc. (MRMD) entered into an exclusive licensing agreement for Alternative Medicine Association 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 and the product should be available in 2018.
“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 have 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.”
In addition to Nevada, MariMed is expanding into Colorado, California, Oregon, Washington, Massachusetts, and Maryland. As a result, the company expects licensing revenues will increase in 2018 after licensing partners are announced later this quarter. MariMed partners with local growers and manufacturers in each state to prepare its products. The company was also recently added as one of the 17 public cannabis companies in the U.S. tracked on the U.S. Marijuana Index.
“We developed and tested Kalm Fusion’s products over the past several years on thousands of patients,” said Shaw. “Our patients’ repeated purchases have validated the demand for Kalm Fusion products for their consistent quality and effectiveness.”
