Marimed Inc
OTC:MRMD
Marimed Inc
MariMed, Inc. engages in direct owning of cannabis licenses and management of seed-to-sale operations. The company is headquartered in Newton, Massachusetts and currently employs 260 full-time employees. The company went IPO on 2012-05-04. The firm develops, operates, manages, and optimizes facilities for the cultivation, production and dispensing of medicinal and recreational cannabis. The firm also licenses its brands of cannabis and hemp-infused products, along with other brands in domestic markets and overseas. The firm also provides its clients with ongoing regulatory, accounting, real estate, human resources, and administrative services. The company has its own brands of cannabis flower, concentrates, and precision-dosed products utilizing strains and formulations. The company markets its cannabis flowers and concentrates under the Nature’s Heritage brand; cannabis-infused chewable tables and powder drink mixes under the brand names Kalm Fusion and K Fusion; all natural fruit chews under the Betty’s Eddies brand; and brownies, cookies, and other social sweets under the Bubby’s Baked brand.
MariMed, Inc. engages in direct owning of cannabis licenses and management of seed-to-sale operations. The company is headquartered in Newton, Massachusetts and currently employs 260 full-time employees. The company went IPO on 2012-05-04. The firm develops, operates, manages, and optimizes facilities for the cultivation, production and dispensing of medicinal and recreational cannabis. The firm also licenses its brands of cannabis and hemp-infused products, along with other brands in domestic markets and overseas. The firm also provides its clients with ongoing regulatory, accounting, real estate, human resources, and administrative services. The company has its own brands of cannabis flower, concentrates, and precision-dosed products utilizing strains and formulations. The company markets its cannabis flowers and concentrates under the Nature’s Heritage brand; cannabis-infused chewable tables and powder drink mixes under the brand names Kalm Fusion and K Fusion; all natural fruit chews under the Betty’s Eddies brand; and brownies, cookies, and other social sweets under the Bubby’s Baked brand.
Revenue Growth: MariMed reported Q3 2025 consolidated revenue of $40.8 million, up 3% sequentially and 4% year-over-year.
Wholesale Strength: Wholesale revenue grew 5% quarter-over-quarter and now represents 44% of product revenue as the company shifts focus from retail to wholesale.
Margin Pressure: Gross margin declined to 41.4%, down 400 bps sequentially, impacted by aggressive discounting and changes in loyalty program accounting.
Positive Cash Flow: The company generated $2.7 million in cash flow from operations, up from $297,000 in Q2.
Delaware Outperformance: Retail revenue in Delaware grew nearly 48% sequentially due to the adult-use launch and strong brand activation.
Strategic Market Moves: MariMed exited Missouri to focus on more profitable markets and expanded licensing partnerships into Pennsylvania, New York, and Maine.
Hemp Expansion: MariMed is entering the hemp-based THC beverage market with new product launches planned for early 2026.
