MariMed Archives

StaffSeptember 28, 2021

Robert (Bob) Fireman has served as CEO and President of MariMed, Inc. since July 2017, and has served as a director of the company since its formation. Bob has been a driving force of the legal cannabis industry since 2010, when he and current MariMed CFO Jon Levine entered the industry through an investment in […]

Debra BorchardtAugust 16, 2021

MariMed, Inc. (OTCQX: MRMD) reported its financial and operating results for the quarter ending June 30, 2021, as revenue increased 239% to $32.6 million versus last year and jumped 32% sequentially. MariMed also delivered a net income of $7.6 million in the second quarter of 2021 versus a net loss of $1.1 million in the second quarter of […]

Debra BorchardtMarch 24, 2021

MariMed, Inc. (OTCQX: MRMD) reported financial and operating results for the three and twelve-month periods ended December 31, 2020, after the market closed on Tuesday. MariMed’s cannabis revenues increased 292% in the fourth quarter to $20.4 million versus $5.2 million for the same time period in 2019. Core cannabis revenues increased 207% to $50.9 million in 2020 […]

Debra BorchardtAugust 11, 2020

MariMed Inc. (MRMD:OTCQX) reported that its revenues rose 163% to $9.6 million for the second quarter versus $3.7 million for the same time period in 2019. Still, the company delivered a net loss of $1.2 million versus last year’s income of $4.6 million. The net income per share was flat at zero versus last year’s […]

Debra BorchardtJuly 20, 2020

GenCanna, one of Kentucky’s largest hemp companies, filed for voluntary Chapter 11 reorganization with the U.S. Bankruptcy Court in the Eastern District of Kentucky earlier this year in February. One problem with GenCanna’s bankruptcy filing though was that MariMed (OTC:MRMD) was one of the largest shareholders in the company. It had a $34 million claim […]

Debra BorchardtMay 12, 2020

MariMed Inc. (MRMD:OTCQX) announced preliminary, unaudited, select financial results for the quarter ending March 31, 2020. Revenue increased 112% to $7.5 million versus $3.5 million in the first quarter of 2019. The company did not release a net profit or loss number, but it did say that it had EBITDA of $1.5 million, compared with […]

Debra BorchardtApril 1, 2020

MariMed Inc. (MRMD:OTCQX) quarterly revenues for the quarter ending December 31, 2019, increased 50.9% to $5.19 million versus $3.44 million for the same period of 2018. The company attributed the increase to the roll-up up of MariMed’s licensed client businesses in Illinois in the fourth quarter of 2019. Fourth-quarter 2019 revenues were also bolstered from […]

StaffNovember 27, 2019

It’s time for your Daily Hit of cannabis financial news for November 27, 2019. On The Site Green Wednesday While most people are starting to do Thanksgiving cooking on the Wednesday before, cannabis industry professionals prepare for one of the biggest sales days of the year. It’s known as Green Wednesday. Consumers stock up on […]

Debra BorchardtAugust 12, 2019

It’s time for your Daily Hit of cannabis financial news for August 12, 2019. On The Site CannTrust After the market closed on Friday, CannTrust Holdings Inc. (NYSE: CTST)said it received a report from Health Canada telling the company that “Its manufacturing facility in Vaughan, Ontario has been rated non-compliant with certain regulations.”CannTrust stock is dropping over 25% to lately trade […]

StaffMay 13, 2019

MariMed Inc. (OTCQB: MRMD) reported that in the first quarter ending March 31, 2019, revenues grew 69% to $3.5 million versus last year’s $2.1 million for the same time period. The company trimmed its net losses for the quarter to $23,211, a 99% improvement over the $1.9 million loss for the first quarter of 2018. […]

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Tag: MariMed

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The Daily Hit: November 27, 2019

The Daily Hit: August 12, 2019

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