MariMed Inc. - MRMD stock
Introduction
MariMed Inc. (OTC: MRMD) is a multi-state cannabis operator in the cannabis industry. It develops, operates, manages, and optimizes facilities for the cultivation, production, and distribution of medicinal and recreational cannabis both within and outside the United States. The company provides cannabis genetics produce flowers and concentrates under the Nature's Heritage brand; cannabis-infused products in the form of chewable tablets and powder drink mixes under the brand Kalm Fusion; natural fruit chews under the Betty's Eddies brand; brownies, cookies, and other social sweets under the Bubby's Baked brand; and cannabidiol formulations under the Florance brand. The firm also licenses its brands, product formulations, and cannabis facilities in domestic and overseas markets. The company offers its clients ongoing regulatory, accounting, real estate, human resources, and administrative services as well.[1] MariMed was founded by Robert N. Fireman and Jon Levine on January 25, 2011, and is based in Norwood, Massachusetts. Its common stock publicly trades on OTCQX under the ‘MRMD’ symbol.[2]
Company Operations
MariMed operates in every vertical of the cannabis business. The company focuses on improving lives through its cannabis and hemp-infused products by offering quality and people-tailored products to ensure safety to its existing and potential customers. It employs and develops innovative technologies that back its outstanding grow and production process. It also utilizes a robust technology infrastructure to analyze industry and market data to formalize accurate and informed business decisions. The firm’s involvement in the industry spans more than ten years and it commands massive experience in legal cannabis business operations including licensing for cultivation, processing, and dispensing. The Marimed team has achieved 17 cannabis licenses in 6 states and manages more than 300,000 square feet of premier cannabis facilities.[3] The company produces reliable, safe, and scientifically formulated brands with all-natural combinations of THC, CBD, terpenes, flavonoids, and full-spectrum cannabinoids. Its portfolio of brands incorporates Nature’s heritage, Betty’s Eddies, Bubby’s Baked, Vibations: High + Energy, and K Fusion. Florance substitutes the firm’s Hemp CBD Products. The company works in hand with renowned international brand partners including Healer, Tikun Olam, and Binske. Its owned retail brands are Thrive and Penacea Wellness. Thrive dispensary leverages MariMed’s technology stacks and best business practices in its four Illinois dispensaries. Penacea wellness is a state-of-the-art medical and recreational dispensary brand with stations in Massachusetts.[4]
The acquisition of First State Compassion Center (FSCC) in March, 2025, integrated FSCC’s cultivation, processing facilities, and two dispensaries into MariMed’s operations. This acquisition follows Delaware’s approval of FSCC’s transition to a for-profit business and comes ahead of the state’s expected launch of adult-use cannabis sales.[5]
MRMD Corporate Background
MeriMed Inc was initially incorporated as a wholly-owned subsidiary of Worlds Inc. in January 2011 under the name Worlds Online Inc. In May 2011, Worlds Inc. began the spin-off of the company, which was engulfed after the Securities and Exchange Commission (“SEC”) review in May 2012. The company shifted its operational focus to the then emerging cannabis market in early 2014. The company, through its wholly-owned subsidiary MariMed Advisors Inc., acquired Sigal Consulting LLC, a company operating in the cannabis industry in May 2014 to facilitate its adaptation into the new market. The company changed its name to MariMed Inc. in the first half of the 2017-calender, a move that saw its common and preferred shares increase to 500 million and 50 million, respectively. MariMed proceeded and purchased the remaining 49% interest in MariMed Advisors Inc. in exchange for 75 million shares of common stock.[6]
- ↑ cnbc.com/quotes/MRMD/PROFILE - CNBC News. Accessed on 9/21/2022
- ↑ wsj.com/market-data/quotes/MRMD/company-people – Wall Street Journal
- ↑ MariMed company operation/What we do – MariMed Inc. Official Website
- ↑ marimedinc.com/brands/ - MariMed official company Website
- ↑ OTC Markets. MariMed Completes Acquisition of First State Compassion, Strengthening Market Position in Delaware. March 3, 2025.
- ↑ MariMed Inc. Financials - The Rest of the Story – Corporate Background – seeking alpha
OTC Symbol: MRMD | OTC Tier: OTCQX
