Streetbeat News

MRMD

MariMed Inc

Employees

326

Industry

Medicinal and Botanical Manufacturing

Open

0.16

Mkt cap

59M

Volume

18K

High

0.16

P/E Ratio

-5.17

52-wk high

0.39

Low

0.15

Div yield

N/A

52-wk low

0.14

Marijuana stocks experienced a bullish Monday with several companies seeing significant gains. EVIO led the pack with a 9900.00% increase, closing at $0.0001. Other notable gainers include Zoned Props, 1933 Industries, and Psychemedics. However, not all companies fared well, with Rocky Mountain High, Trees, MJ Holdings, and CLS Holdings USA among the top losers.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 9:30 pm

The article lists the marijuana stocks that gained and lost on October 26, 2023. Notable gainers include Choom Holdings, EVIO, and 1933 Industries, while significant losers include Radiko Holdings, Affinor Growers, and iAnthus Capital Holdings.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 9:30 pm

Cannabis fruit chews brand Betty's Eddies, a product of MariMed Inc. (CSE:MRMD) (OTCQX:MRMD), has launched a limited-edition batch of apple pie chews for autumn. The products will be available starting in late October at select cannabis retailers throughout Massachusetts, Maryland, and Delaware. Meanwhile, Village Farms International, Inc.'s (NASDAQ:VFF) wholly-owned subsidiary Pure Sunfarms Corp. announced the launch of the first potent and aromatic 1g Infused Blunts under its premium cannabis brand, Soar.

Portfolio Pulse from Jelena Martinovic

October 26, 2023 | 6:02 pm

The article lists the cannabis stocks that gained and lost on October 23, 2023. Notable gainers include Zoned Props, MJ Holdings, and Rocky Mountain High. Significant losers include EVIO, Pharmadrug, and Global Compliance.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 9:30 pm

Analysts expect weak Q3 2023 revenue growth for most cannabis companies, with a few exceptions due to acquisitions and new market entries. Companies like 4Front, Cresco Labs, and Trulieve are expected to see sequential declines, while others like Verano, TILT, Ascend Wellness, Jushi, MariMed, TerrAscend, and Schwazze are projected to have sequential growth. Maryland is a key growth factor for Ascend, MariMed, and TerrAscend. Glass House Brands is expected to see a 61% YoY growth due to increased greenhouse production capacity.

Portfolio Pulse from Viridian Capital Advisors

October 23, 2023 | 4:34 pm

Pablo Zuanic, managing partner and senior analyst at Zuanic & Associates, has analyzed the capital expenditure (capex) strategies of 20 prominent cannabis Multi-State Operators (MSOs). Amid high interest rates and regulatory uncertainties, most companies are prioritizing cost reduction and cash flow management. However, Zuanic suggests that some MSOs with the resources should increase capex for profitable growth. Green Thumb (OTC:GTBIF) leads the way with a capex-to-sales ratio of 26% in 1H23, well above the group average of 6%. Other high capex players include MariMed (OTC:MRMD), 4Front (OTC:FFNTF), and Cresco (OTC:CRLBF).

Portfolio Pulse from Nicolás Jose Rodriguez

October 18, 2023 | 7:16 pm

The Viridian Credit Tracker Model uses 11 market and financial variables to quantify four main credit factors: Liquidity, Leverage, Profitability, and Size. The model suggests that the best single number that an investor can calculate is Total Liabilities/ Market Cap. The model shows moderate improvement for C21 (OTC:CXXIF), Unrivaled (OTC:UNRV), Glass House (OTC:GLASF), TerrAscend (OTC:TSNDF), and AYR (OTC:AYRWF) while MariMed (OTC:MRMD), Trulieve (OTC:TRUL), and Cannabist (OTC:CBSTF), show moderate deterioration. Schwazze, Red White & Bloom (OTC:RWBYF), and Acreage (OTC:ACRDF) all show more significant deterioration.

Portfolio Pulse from Viridian Capital Advisors

October 16, 2023 | 4:23 pm

The cannabis sector experienced significant movement on October 13, 2023. Notable gainers included MPX International, AusCann Group Holdings, CNBX Pharmaceuticals, and Khiron Life Sciences, among others. However, Choom Holdings, Rocky Mountain High, Affinor Growers, and SOL Glb Inv were among the losers.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 9:30 pm

The Benzinga Cannabis Capital Conference highlighted positive sentiment and growth potential in the cannabis industry. Water Tower Research's Jesse Redmond reported optimism and interest from larger investors. Keynote presentations featured executives from TerrAscend Corp, MariMed Inc, AYR Wellness Inc, and InMed Pharmaceuticals Inc, who discussed their companies' growth strategies and outlooks. MariMed plans to expand in 2023, AYR Wellness reported an 18% YoY revenue spike in Q2/23, and InMed Pharmaceuticals showcased its innovative endeavors in the rare cannabinoid domain.

Portfolio Pulse from Patricio Liddle

October 13, 2023 | 5:29 pm

MariMed, Inc (OTCQX:MRMD) has announced a limited-time program called 'Small Batch Exclusives' that allows customers to purchase rare cannabis strains at its Panacea Wellness dispensaries in Massachusetts. The program will run from Oct. 13 to Nov. 11. Customers who purchase six strains will receive a free 3.5-gram jar featuring a mystery strain. The initiative is a lead-in to Green Wednesday, one of the biggest days of the year for cannabis sales.

Portfolio Pulse from Jelena Martinovic

October 13, 2023 | 2:04 pm

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