Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. MariMed Inc. (MRMD) Message Board

MariMed, based in the Boston area, describes itsel

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 63
(Total Views: 440)
Posted On: 12/08/2018 2:41:58 PM
Posted By: Kgem
MariMed, based in the Boston area, describes itself as a "multi-state cannabis organization that develops, owns and manages cannabis facilities and branded product lines."

MariMed stock was about the only stock up in October after its announcement on Oct. 29 that it had closed on its acquisition of BSC Group, a New Jersey-based cannabis licensing and consulting firm. (The acquisition price was not disclosed, nor was information on how the deal was financed.) Shares had been in the red about 7% for the month through the date of this news, when they closed up 11.1%. Over the three-day period through Oct. 31, MariMed stock gained more than 27%, bringing its monthly gain to 18.9%.

Regarding the acquisition, the company said in its press release:

Brian and Amber [Staffa, the owners of BSC Group] will help guide MariMed's strategy for new markets like New Jersey, where lawmakers inch closer to consensus on adult use legislation. New Jersey represents just one of the markets being eyed by MariMed as [we] aggressively pursue new opportunities across the U.S. and abroad with their [BSC's] added bandwidth.

Investors comfortable with high risk might want to put MariMed on their watchlist, as it has a rather unique business model and is positioning itself to be a major beneficiary when marijuana becomes legal in the U.S. on a federal level. Notably, it's one of the few pure-play marijuana stocks that's cash flow positive from an operational standpoint.

That said, it's also currently a very risky stock because the company has big financial hurdles that it will soon need to overcome. MariMed had $5.1 million on its balance sheet at the end of the second quarter and burned through $17 million over the trailing-12-month period through the end of that same quarter. At that cash-burn rate, MariMed's cash would last less than four months. It's more challenging for marijuana companies to borrow funds from traditional sources, like banks, because cannabis is illegal on a federal level in the U.S. And the fact that the company's stock trades over-the-counter in the U.S., rather than on a major stock exchange, makes raising funds through equity offerings more difficult.

While no firm date has yet been announced, investors can probably expect MariMed to report third-quarter earnings around the middle of this month. You'll want to focus on the company's cash-burn rate and cash position, which are sure to have changed over the last quarter. For one, MariMed reported in mid-July that it received a $2 million investment from Navy Capital Green Fund. However, on the debit side, in September, it made a strategic investment (amount not disclosed) in Sprout, a customer relationship management and marketing software company for the cannabis industry.

https://www.nasdaq.com/article/why-this-marij...-cm1049942





(0)
(0)




MariMed Inc. (MRMD) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us