MariMed, Inc. Introduces Revolutionary DabTab™ Brand Dablet to East Coast Dispensaries
PRESS RELEASE GlobeNewswire
Mar. 21, 2019, 10:01 AM
• Exclusive Distributor for Ilo™ Vapor in Maryland, Rhode Island, Massachusetts and Delaware
• Initial Availability to All MD Dispensaries; Other States to Follow
• Offers Patients Easy, Clean, Convenient, Precision Dosed Cannabis Concentrates
NORWOOD, MA, March 21, 2019 (GLOBE NEWSWIRE) -- MariMed Inc. (OTCQB: MRMD) a leading multi-state cannabis and hemp operator, today announced an agreement with Ilo™ Vapor whereby MariMed is an exclusive distributor of the company’s flagship product, DabTab™ brand dablets. The product is available now to all cannabis dispensaries in Maryland. It will be introduced to Rhode Island, Massachusetts and Delaware dispensaries later this spring.
First introduced at the MJBizCon conference in Las Vegas in November of 2018, DabTab™ is a completely new way to consume cannabis concentrate that is precision dosed, clean, and delivers vapor, not smoke. DabTab™ preserves all the flavor and effects of conventional dabbing, while also providing a new level of convenience and cleanliness for concentrate consumption. A proprietary natural ceramic tablet is precision-infused with cannabis oil holding exactly 50mg of concentrate by weight per DabTab™. They eliminate the mess of handling, burning and cleaning conventional concentrates and shatter, but can still be used in many conventional vaporizers. DabTab™ brand dablets are offered in Sativa, Indica, and Hybrid strain-specific varieties that come in packs of either 10 or 20, .5g and 1g respectively. For their Maryland debut, DabTab™ brand dablets are infused with premium concentrate from MariMed's Nature's Heritage™ brand."
According to a BDS Analytics and ArcView Market Research report, cannabis concentrates have been the fastest growing segment in the cannabis market, growing from 10% in 2010 to 27% of the overall market in 2018, when sales neared $3B. Sales are expected to reach $8.5B by 2022. It notes, “For consumers, it’s a discreet and healthier choice that will likely make cannabis consumers of people who would never dream of inhaling smoke. That will cause the category to represent ever more retail display space…”
MariMed CEO Bob Fireman noted, “ilo™ Vapor is one of the most innovative companies I have encountered in the cannabis industry. The DabTab™ brand dablet is truly revolutionary and will likely accelerate growth in the concentrates sector, particularly among medical users, women, seniors and others attracted by the convenience, precise dosage and smokeless features. The product also fully supports MariMed’s focus on providing our growing consumer base with convenient, safe and precision dosed products that help them enjoy the health and wellness benefits cannabis compounds can deliver. Initial orders validate a strong interest by Maryland patients in DabTabs™ and that dispensaries will benefit from carrying this compelling and game changing product. We look forward to a long and fruitful relationship with ilo™ Vapor.”
Michael Lindars, President and Co-founder of ilo™ Vapor added, “Our products are designed from the ground up to focus on providing true vaporization, along with unmatched convenience and reliability. Initial DabTab™ sales have been very promising. We share many values with MariMed and are delighted with this agreement.”
MariMed Inc. will be showcasing its full range of products at the NECANN Conference, March 22-24, 2019 at the Hynes Convention Center, Boston, MA, booth 1210.
ABOUT ILO™ VAPOR: ilo™ Vapor, a division of Iconic Ventures, Inc., is a Portland, Oregon based technology, brand and product development company. Its patent pending devices are reinventing vaping. Through cutting edge technology and innovative design, ilo’s™ mission is to create clean, reliable and convenient products that deliver the optimal vaporization experience. Follow us on Instagram @ilo.vapor and on LinkedIn.
https://markets.businessinsider.com/news/stoc...1028049268
PRESS RELEASE GlobeNewswire
Mar. 21, 2019, 10:01 AM
• Exclusive Distributor for Ilo™ Vapor in Maryland, Rhode Island, Massachusetts and Delaware
• Initial Availability to All MD Dispensaries; Other States to Follow
• Offers Patients Easy, Clean, Convenient, Precision Dosed Cannabis Concentrates
NORWOOD, MA, March 21, 2019 (GLOBE NEWSWIRE) -- MariMed Inc. (OTCQB: MRMD) a leading multi-state cannabis and hemp operator, today announced an agreement with Ilo™ Vapor whereby MariMed is an exclusive distributor of the company’s flagship product, DabTab™ brand dablets. The product is available now to all cannabis dispensaries in Maryland. It will be introduced to Rhode Island, Massachusetts and Delaware dispensaries later this spring.
First introduced at the MJBizCon conference in Las Vegas in November of 2018, DabTab™ is a completely new way to consume cannabis concentrate that is precision dosed, clean, and delivers vapor, not smoke. DabTab™ preserves all the flavor and effects of conventional dabbing, while also providing a new level of convenience and cleanliness for concentrate consumption. A proprietary natural ceramic tablet is precision-infused with cannabis oil holding exactly 50mg of concentrate by weight per DabTab™. They eliminate the mess of handling, burning and cleaning conventional concentrates and shatter, but can still be used in many conventional vaporizers. DabTab™ brand dablets are offered in Sativa, Indica, and Hybrid strain-specific varieties that come in packs of either 10 or 20, .5g and 1g respectively. For their Maryland debut, DabTab™ brand dablets are infused with premium concentrate from MariMed's Nature's Heritage™ brand."
According to a BDS Analytics and ArcView Market Research report, cannabis concentrates have been the fastest growing segment in the cannabis market, growing from 10% in 2010 to 27% of the overall market in 2018, when sales neared $3B. Sales are expected to reach $8.5B by 2022. It notes, “For consumers, it’s a discreet and healthier choice that will likely make cannabis consumers of people who would never dream of inhaling smoke. That will cause the category to represent ever more retail display space…”
MariMed CEO Bob Fireman noted, “ilo™ Vapor is one of the most innovative companies I have encountered in the cannabis industry. The DabTab™ brand dablet is truly revolutionary and will likely accelerate growth in the concentrates sector, particularly among medical users, women, seniors and others attracted by the convenience, precise dosage and smokeless features. The product also fully supports MariMed’s focus on providing our growing consumer base with convenient, safe and precision dosed products that help them enjoy the health and wellness benefits cannabis compounds can deliver. Initial orders validate a strong interest by Maryland patients in DabTabs™ and that dispensaries will benefit from carrying this compelling and game changing product. We look forward to a long and fruitful relationship with ilo™ Vapor.”
Michael Lindars, President and Co-founder of ilo™ Vapor added, “Our products are designed from the ground up to focus on providing true vaporization, along with unmatched convenience and reliability. Initial DabTab™ sales have been very promising. We share many values with MariMed and are delighted with this agreement.”
MariMed Inc. will be showcasing its full range of products at the NECANN Conference, March 22-24, 2019 at the Hynes Convention Center, Boston, MA, booth 1210.
ABOUT ILO™ VAPOR: ilo™ Vapor, a division of Iconic Ventures, Inc., is a Portland, Oregon based technology, brand and product development company. Its patent pending devices are reinventing vaping. Through cutting edge technology and innovative design, ilo’s™ mission is to create clean, reliable and convenient products that deliver the optimal vaporization experience. Follow us on Instagram @ilo.vapor and on LinkedIn.
https://markets.businessinsider.com/news/stoc...1028049268
