MariMed Expands Betty's Eddies Brand Access in Maine Market
MariMed Expands Betty's Eddies Brand Access in Maine Market
MariMed Inc. (CSE: MRMD) (OTCQX: MRMD), known for its commitment to quality in the cannabis sector, is thrilled to share news that it has reached a licensing agreement with The Stoned Moose, LLC. This collaboration marks a significant enhancement in the distribution of the company's top-selling product, Betty’s Eddies™ full-spectrum fruit chews, within Maine's bustling cannabis marketplace.
Strategic Growth in Maine Cannabis Business
The Stoned Moose, a licensed cannabis operator, is set to broaden the reach of Betty's Eddies, which has been available exclusively to adult-use consumers since 2022. Now, with this new partnership, medical cannabis patients in Maine will also have access to these popular products. Given that medical sales have historically comprised more than half of Maine's overall cannabis revenue, this move is both strategic and essential for the brand's growth in the region.
CEO's Vision for Betty's Eddies
Jon Levine, the Chief Executive Officer of MariMed, expressed enthusiasm about the partnership. He stated, "We are excited to work with The Stoned Moose to expand the availability of Betty’s Eddies to all cannabis consumers and patients in Maine, including the 15 million tourists who visit the state annually." This collaboration signifies a pivotal moment in MariMed's ambitious growth strategy, aptly named ‘Expand the Brand.’
Betty's Eddies as a Market Leader
Betty's Eddies has made a remarkable impact in states like Massachusetts, Maryland, and Delaware, leading the market share for edibles. As such, the expectation for a similar success trajectory in Maine is backed by both research and consumer demand. The company has established a solid groundwork that will undoubtedly spearhead its market presence in Maine.
About MariMed Inc.
MariMed Inc. stands as a leading multi-state cannabis operator, creating and managing state-of-the-art cultivation, production, and retail facilities across the nation. Their award-winning product portfolio, which includes recognized brands such as Betty's Eddies™, Bubby’s Baked™, and Nature’s Heritage™, showcases the company's dedication to excellence and innovation. Consumers across the country have embraced these trusted brands, marking MariMed as a standard-bearer in the cannabis industry.
Innovative Strategies in Cannabis
The company's approach encompasses not just the production of cannabis products, but also a focus on technology and brand building, aided by their strategic partners. This interconnectedness allows MariMed to remain agile and responsive to market needs, ensuring their sustainable growth trajectory in an ever-evolving industry.
Contact Information
For further information regarding MariMed Inc. and its diverse offerings, interested parties can visit www.marimedinc.com. The company also prioritizes direct communication, with Chief Communications Officer Howard Schacter available for inquiries via email at hschacter@marimedinc.com or by phone at (781) 277-0007.
Frequently Asked Questions
What is the significance of the partnership with The Stoned Moose?
The partnership enhances the distribution network for Betty's Eddies, enabling access for both adult and medical cannabis consumers in Maine.
How has Betty's Eddies performed in other states?
Betty's Eddies is a market leader in states like Massachusetts, Maryland, and Delaware, with high consumer acceptance and strong sales figures.
What is MariMed’s strategy for growth?
MariMed employs an ‘Expand the Brand’ strategy, focusing on increasing product availability to consumers across various markets.
Who can purchase Betty's Eddies in Maine?
Following the new agreement, both adult-use consumers and medical patients in Maine will have the opportunity to purchase Betty's Eddies.
Where can one find more information about MariMed’s offerings?
Detailed information about MariMed's products and initiatives can be accessed on their official website at www.marimedinc.com.
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