Castle of Castro Marim

MariMed Closes $58.7 Million Debt Refinancing

Retrieved on: 
Monday, November 20, 2023
Acquisition, CSE, Bank, LLP, Bank of New England, Castle of Castro Marim, Security (finance), Commercial property, Real estate, Ermont, Boston

“I am delighted to announce the closing of this debt refinancing, which will generate significant cash savings,” said Jon Levine, MariMed’s Chief Executive Officer.

Key Points: 
  • “I am delighted to announce the closing of this debt refinancing, which will generate significant cash savings,” said Jon Levine, MariMed’s Chief Executive Officer.
  • Additionally, the credit facility bolsters our ability to continue executing our strategic plan, particularly as it relates to growing the Company through mergers and acquisitions.
  • Burns & Levinson LLP, Boston, MA (Frank A. Segall) and Kurzman Eisenberg Corbin & Lever, LLP, White Plains, NY (Kenneth S. Rose) represented MariMed in connection with the financing transaction.
  • Mr. Segall, Chair of Burns & Levinson LLP ‘s Cannabis Business & Law Advisory Group, assisted in arranging the transaction.

MariMed Reports Third Quarter 2023 Earnings

Retrieved on: 
Wednesday, November 8, 2023
Adjustment, Sale, IRS, Boston, SEDAR, EBITDA, GAAP, Cyprus Securities and Exchange Commission, Capital expenditure, THC, Forecasting, Castle of Castro Marim, Capital, Bank, Cryptocurrency, Tutoring, Asset management

MariMed management will host a conference call on Thursday, November 9, 2023 at 8:00 a.m. Eastern time, to discuss these results.

Key Points: 
  • MariMed management will host a conference call on Thursday, November 9, 2023 at 8:00 a.m. Eastern time, to discuss these results.
  • The conference call may be accessed through MariMed’s Investor Relations website, or by clicking the following link: MRMD Q323 Earnings Call .
  • During the third quarter, the Company announced the following developments in the implementation of its strategic growth plan:
    July 1: MariMed commenced adult-use retail and wholesale operations in Maryland.
  • July 13: MariMed staged the ‘Boston 280E THC Party’ in Boston Harbor to protest unfair cannabis industry tax laws.

MariMed’s Nature’s Heritage Brand Launches Small Batch Exclusives, Offering Legendary Flower Strains in Limited Quantities Exclusively At Panacea Wellness Dispensaries in Massachusetts

Retrieved on: 
Friday, October 13, 2023
OTCQX, Castle of Castro Marim, CSE, Fine chemical, Fireworks

NORWOOD, Mass., Oct. 13, 2023 (GLOBE NEWSWIRE) -- MariMed, Inc (CSE: MRMD), (OTCQX: MRMD), (“MariMed” or the “Company”) and its Nature’s Heritage craft flower and concentrates brand today announced “Small Batch Exclusives,” a unique, limited-time program that gives customers the opportunity to purchase legendary flower strains.

Key Points: 
  • NORWOOD, Mass., Oct. 13, 2023 (GLOBE NEWSWIRE) -- MariMed, Inc (CSE: MRMD), (OTCQX: MRMD), (“MariMed” or the “Company”) and its Nature’s Heritage craft flower and concentrates brand today announced “Small Batch Exclusives,” a unique, limited-time program that gives customers the opportunity to purchase legendary flower strains.
  • Beginning today and continuing into November, 11 high quality strains that are well-loved by experienced cannabis consumers will periodically drop exclusively at MariMed’s Panacea Wellness dispensaries in Massachusetts.
  • They will be offered in extremely limited quantities of just one to two pounds each and only while supplies last.
  • Small Batch Exclusives is a lead-in to Green Wednesday, November 22, one of the biggest days of the year for cannabis sales and celebrations.

MariMed Announces Thrive Dispensary Opening in Casey, Illinois

Retrieved on: 
Wednesday, October 11, 2023
Serviès, Interstate Highway System, Guinness, Thrive, Culture, Record, CSE, Castle of Castro Marim, Interstate 70, Hospital, Metropolis

NORWOOD, Mass., Oct. 11, 2023 (GLOBE NEWSWIRE) -- MariMed Inc. (“MariMed” or the “Company”) (CSE: MRMD) (OTCQX: 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.

Key Points: 
  • NORWOOD, Mass., Oct. 11, 2023 (GLOBE NEWSWIRE) -- MariMed Inc. (“MariMed” or the “Company”) (CSE: MRMD) (OTCQX: 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 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.
  • The Thrive dispensary in Casey will be managed by MariMed under a Managed Servies Agreement until the license transfer is approved by the Illinois Cannabis Control Office.

MariMed’s Betty’s Eddies Collaborates with Keep A Breast Foundation to Support Millions Impacted by Breast Cancer

Retrieved on: 
Tuesday, October 3, 2023
Breast Cancer Awareness Month, Partnership, CSE, Education, Vitamin E, Research, Inflammation, Keep A Breast Foundation, Castle of Castro Marim, CBC, Breast cancer, Keep, Risk, KAB, Patient, CBD, Cannabis, Apple, Health, THC, Disease, Birth control

NORWOOD, Mass., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Betty’s EddiesTM announced today a collaboration with the Keep A Breast (KAB) Foundation to advance breast cancer awareness education and support the millions of people affected by the disease.

Key Points: 
  • NORWOOD, Mass., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Betty’s EddiesTM announced today a collaboration with the Keep A Breast (KAB) Foundation to advance breast cancer awareness education and support the millions of people affected by the disease.
  • The initiative includes redesigned product packaging and a campaign to foster KAB’s mission of reducing breast cancer risk through education, with a focus on early detection.
  • Betty’s Eddies parent company, MariMed Inc. (“MariMed” or the “Company”) (CSE: MRMD) (OTCQX: MRMD), will also make a monetary donation to KAB.
  • “Every day, we hear from patients about how Betty’s Eddies helped them throughout their treatment journey,” Sara Rosenfield, Betty’s Eddies Brand Manager, said.

MariMed and Benzinga Present Inaugural Bob Fireman Entrepreneur of the Year Award To Ardent Life Founder Shanel Lindsay

Retrieved on: 
Thursday, September 28, 2023
CSE, Ernst & Young Entrepreneur of the Year Award, Lindsay, Education, CPG, Castle of Castro Marim, Patient, Cannabis, Conference, Drug

MariMed CEO and President Jon Levine and Benzinga VP/Events & Head of Cannabis Elliot Lane presented the award to Shanel Lindsay, Founder and President of Ardent Life Inc , for her work that bridges cannabis science and policymaking.

Key Points: 
  • MariMed CEO and President Jon Levine and Benzinga VP/Events & Head of Cannabis Elliot Lane presented the award to Shanel Lindsay, Founder and President of Ardent Life Inc , for her work that bridges cannabis science and policymaking.
  • The Bob Fireman Entrepreneur of the Year Award honors the legacy of MariMed’s co-founder and CEO, who passed away in December 2022.
  • Lindsay is an attorney, entrepreneur, and longtime force in the Massachusetts cannabis industry.
  • She went on to create Ardent Life Inc., a company known for innovation in cannabis biotech and medical devices.

MariMed’s Bubby’s Baked Introduces New THC-Infused Blueberry Muffin Bites to Start the Day On a High Note

Retrieved on: 
Wednesday, September 13, 2023
Breakfast, Taste, CSE, Muffin, Brownie, Marketing, Castle of Castro Marim, Cannabis, THC, Convenience food, Snickerdoodle

The Company’s new Blueberry Muffin bites are soft and baked in small batches, a made-from-scratch ode to breakfast.

Key Points: 
  • The Company’s new Blueberry Muffin bites are soft and baked in small batches, a made-from-scratch ode to breakfast.
  • Each Bubby’s Baked Blueberry Muffin bite is an enticing combination of sweetness and tartness, bursting with real blueberries and infused with full-spectrum cannabis.
  • With 35% of cannabis consumers saying they have recently enjoyed a cannabis baked good , Bubby’s Baked Blueberry Muffin bites are sure to satisfy the most discerning sweet tooth.
  • The new Blueberry Muffin bites join the other three flavors in the Bubby’s Baked line-up, including classic Brownie, Choco Chip and Snickerdoodle.

MariMed Reports Second Quarter 2023 Earnings

Retrieved on: 
Wednesday, August 2, 2023
Boston, Capital expenditure, IRS, Overalls, Immunity, GAAP, CBG, Relaxation, Forecasting, EBITDA, Castle of Castro Marim, SEDAR, Capital, Adjustment, THC, Environment, Boston Tea Party, Bank, Cryptocurrency, Hospital, Nightclub, Asset management

“Our 11% year-over-year revenue growth this past quarter demonstrated strong execution during a continued challenging environment,” said Susan Villare, Chief Financial Officer.

Key Points: 
  • “Our 11% year-over-year revenue growth this past quarter demonstrated strong execution during a continued challenging environment,” said Susan Villare, Chief Financial Officer.
  • The conference call may be accessed through MariMed’s Investor Relations website, or by clicking the following link: MRMD Q223 Earnings Webcast .
  • During the second quarter, the Company announced the following developments in the implementation of its strategic growth plan:
    April 4: The Maryland Medical Cannabis Commission issued approval to once again manufacture and sell high-dose edibles.
  • Subsequent to the end of the second quarter, the Company announced the following development:
    July 13: MariMed Stages the ‘Boston 280E THC Party’ in Boston Harbor To Protest Unfair Cannabis Industry Tax Laws.

MariMed Stages the ‘Boston 280E THC Party’ in Boston Harbor To Protest Unfair Cannabis Industry Tax Laws

Retrieved on: 
Thursday, July 13, 2023
Boston, CSE, Section, Policy, Tax, Schedule 1, Woman, Human, History, Heroin, Castle of Castro Marim, Patient, Cannabis, Federation, MV Liberty Star, THC, Drug

Section 280E burdens cannabis companies with paying significantly higher taxes than most U.S. businesses, often resulting in higher product prices for consumers.

Key Points: 
  • Section 280E burdens cannabis companies with paying significantly higher taxes than most U.S. businesses, often resulting in higher product prices for consumers.
  • Section 280E is a prime example of the unique obstacles that legal cannabis businesses must navigate that significantly increase the cost of conducting business.
  • Due to Section 280E, cannabis businesses pay much more in taxes than they would if it were repealed, according to Wolf & Company .
  • Section 280E is unfair and hampers companies striving to make cannabis accessible for consumers and medical cannabis patients in all legal states.

MariMed Announces Thrive Wellness Dispensary Opening Tiffin, Ohio

Retrieved on: 
Monday, June 12, 2023
CSE, Castle of Castro Marim, Hospital

NORWOOD, Mass., June 12, 2023 (GLOBE NEWSWIRE) -- MariMed Inc. (“MariMed” or the “Company”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state cannabis operator focused on improving lives every day, today announced it opened a Thrive Wellness Dispensary medical dispensary in Tiffin, Ohio, marking the Company’s first operational dispensary in the state and the 11th that MariMed owns or manages across five states.

Key Points: 
  • NORWOOD, Mass., June 12, 2023 (GLOBE NEWSWIRE) -- MariMed Inc. (“MariMed” or the “Company”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state cannabis operator focused on improving lives every day, today announced it opened a Thrive Wellness Dispensary medical dispensary in Tiffin, Ohio, marking the Company’s first operational dispensary in the state and the 11th that MariMed owns or manages across five states.
  • The dispensary, the first in Seneca County, a western Ohio county with 54,000 residents, is located at 318 W. Market Street.
  • The opening of the Thrive Wellness Dispensary in Ohio is part of the Company’s strategic plan to expand its existing footprint into new states MariMed has identified as providing high-growth opportunities.
  • The Company was awarded a provisional dispensary license in 2022 and intends to explore additional opportunities to grow its operations in Ohio to the maximum allowable by state regulations.