MariMed Inc. Expands Its Presence with New Dispensary
NORWOOD, Mass. — MariMed Inc. (“MariMed,” “the Company”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state operator in the cannabis sector dedicated to improving lives through high-quality products, has proudly opened its second adult-use dispensary, named Thrive Wellness, in Upper Marlboro, Maryland.
New Dispensary Location Details
This latest facility complements MariMed's existing operations, which include another Thrive Wellness dispensary in Annapolis. The Upper Marlboro location is situated at 9520 Marlboro Pike in Prince George’s County. In addition to these dispensaries, the Company operates a cultivation and processing center in Hagerstown, reinforcing its operational network throughout Maryland.
Insights from Company Leadership
Jon Levine, the Chief Executive Officer of MariMed, shared his excitement about the new location: “We are thrilled to expand our footprint in Maryland with the opening of our second dispensary in the state. Maryland is a dynamic, high-growth market for adult-use cannabis. Our goal has been to establish the maximum allowable four locations in the state, and this opening brings us closer to that objective. While this dispensary was not included in our 2024 financial plan, we are optimistic about the opportunities it presents to boost our revenue growth.”
Product Offerings at Thrive Wellness
The Thrive Wellness location in Upper Marlboro boasts a wide selection of products from MariMed’s award-winning portfolio. Customers can look forward to 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, and a comprehensive range of InHouse branded products. MariMed is committed to ensuring that its cannabis products are easily accessible at every location across Maryland.
About MariMed
MariMed Inc. is a committed multi-state cannabis operator focused on enhancing lives through its premium-quality cannabis products, showcasing its dedication to excellence in all operational aspects. The Company develops, manages, and owns state-licensed cannabis facilities that adhere to best practices in horticulture, cannabis cultivation, product infusion, and retail operations. With a skilled management team, MariMed has consistently achieved growth and operational success across its various business units. The Company’s proprietary formulations contribute to its well-known 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 strengthens MariMed's presence in Maryland, highlighting 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 reach out to Howard Schacter at hschacter@marimedinc.com or Steve West at ir@marimedinc.com for any inquiries.
