MariMed Sets Up Shop In Illinois Town Known For Guinness World Record-Holding Attractions
Portfolio Pulse from The Dales Report
MariMed Inc. (OTC:MRMD) has expanded its retail footprint with the opening of an adult-use Thrive dispensary in Casey, Illinois. This is the fifth dispensary in Illinois and the 12th in MariMed’s portfolio across five states. The company also plans to commence operations at its processing facility in Mt. Vernon, Illinois in the fourth quarter, and anticipates the completion of its cultivation facility in early 2024. MariMed operates five of the state’s 130 licensed cannabis dispensary locations.
October 11, 2023 | 6:20 pm
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MariMed's expansion into Illinois with a new dispensary and upcoming processing and cultivation facilities could potentially increase its market share and revenues.
MariMed's expansion into Illinois with a new dispensary and upcoming processing and cultivation facilities indicates a strategic move to increase its market presence and potentially its revenues. This could have a positive impact on its stock in the short term.
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