MariMed Expands with New Dispensary Opening in Maryland
MariMed Inc. Expands Its Footprint with New Dispensary
NORWOOD, Mass. — MariMed Inc. (“MariMed,” “the Company”) (CSE: MRMD) (OTCQX: MRMD), a prominent multi-state operator in the cannabis industry committed to enhancing lives through quality products, has officially opened its second adult-use dispensary named Thrive Wellness in Upper Marlboro, Maryland.
Details of the New Dispensary Location
This new facility adds to MariMed's existing operations with another Thrive Wellness dispensary located in Annapolis. The Upper Marlboro dispensary can be found at 9520 Marlboro Pike in Prince George’s County. Alongside these dispensaries, the Company also operates a cultivation and processing center in Hagerstown, further solidifying its operational network in Maryland.
Statements from Company Leadership
Jon Levine, Chief Executive Officer of MariMed, expressed enthusiasm regarding the new location: “We are excited to expand our presence in Maryland with the launch of our second dispensary in the state. Maryland represents a vibrant, high-growth market for adult-use cannabis. Expanding our footprint to the state’s maximum allowable of four locations has been a key strategic goal for us, and this opening brings us closer to achieving that. Although this dispensary wasn’t part of our 2024 financial plan, we’re enthusiastic about the potential it offers to further accelerate our revenue growth.”
Product Offerings at Thrive Wellness
The Thrive Wellness location in Upper Marlboro features a diverse range of products from MariMed’s award-winning portfolio. Customers can expect to find high-quality offerings such as Nature’s Heritage flower and concentrates, Betty’s Eddies fruit chews, Bubby’s Baked soft-baked goods, Vibations hydrating drink mixes, along with the comprehensive line of InHouse branded products. MariMed ensures that its cannabis products are readily available at every location across Maryland.
About MariMed
MariMed Inc. is a dedicated multi-state cannabis operator striving to enhance lives through its premium-quality cannabis products, exemplifying its commitment to excellence in all areas of operation. The Company develops, manages, and owns state-licensed cannabis facilities that reflect the best practices in horticulture, cannabis cultivation, product infusion, and retail operations. With a proficient management team, MariMed has achieved consistent growth and operational success across its business units. The Company's proprietary formulations contribute to its popular and award-winning brands, including Betty's Eddies, Nature’s Heritage, InHouse, Bubby’s Baked, K Fusion, Kalm Fusion, and Vibations.
Contact Information
Company Contact:
Howard Schacter
Chief Communications Officer
Email: hschacter@marimedinc.com
Phone: (781) 277-0007
Investor Relations Contact:
Steve West
Vice President, Investor Relations
Email: ir@marimedinc.com
Phone: (781) 277-0007
Frequently Asked Questions
1. What is the significance of MariMed's new dispensary opening?
The new dispensary enhances MariMed's presence in Maryland, reflecting growth in a promising market for adult-use cannabis.
2. Where is the second Thrive Wellness dispensary located?
The dispensary is located at 9520 Marlboro Pike in Upper Marlboro, Maryland.
3. What products can customers find at Thrive Wellness?
Customers can find a variety of products including Nature’s Heritage flower, Betty’s Eddies, Bubby’s Baked goods, and a selection of InHouse branded items.
4. Who is the CEO of MariMed and what are their remarks about the opening?
Jon Levine is the CEO of MariMed, and he expressed excitement about the new location and its potential to drive revenue growth.
5. How can customers and investors contact MariMed?
Customers and investors can contact Howard Schacter at hschacter@marimedinc.com or Steve West at ir@marimedinc.com for inquiries.
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