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

On October 11, 2023, several marijuana stocks experienced significant price movements. CNBX Pharmaceuticals, Global Compliance, MJ Holdings, Item 9 Labs, Zoned Props, Heritage Cannabis Holding, Urban-gro, GreenGro Technologies, Indiva, Corbus Pharmaceuticals, Neptune Wellness Solns, Greenlane Hldgs, and Body and Mind saw their shares close up. On the other hand, Empower Clinics, Elixinol Wellness, 1933 Industries, MGC Pharmaceuticals, Curaleaf Holdings, Psychemedics, C21 Investments, Leafbuyer Techs, EnWave, Blueberries Medical, CordovaCann, Aurora Cannabis, Rocky Mountain High, SNDL, Emeren Group, Canopy Gwth, Trees, MariMed, RIV Capital, 4Front Ventures, Tilray Brands, and Auxly Cannabis Group saw their shares close down.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 9:30 pm

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.

Portfolio Pulse from The Dales Report

October 11, 2023 | 6:20 pm

MariMed (OTCQX:MRMD) will make a donation to the Keep A Breast (KAB) Foundation through its Betty’s Eddies brand to support breast cancer awareness education. The initiative includes redesigned product packaging and a campaign to foster KAB’s mission of reducing breast cancer risk through education, with a focus on early detection. The campaign coincides with Breast Cancer Awareness Month in October.

Portfolio Pulse from Nina Zdinjak

October 06, 2023 | 2:34 pm

Marijuana stocks experienced a bearish Tuesday with several stocks closing down significantly. GrowLife (OTC:PHOT) and MedMen Enterprises (OTC:MMNFF) were among the top losers, closing down 60.00% and 19.30% respectively. However, some stocks such as Khiron Life Sciences (OTC:KHRNF) and Global Compliance (OTC:FUAPF) closed up, gaining 13.33% and 11.00% respectively.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 9:30 pm

MariMed's CEO, Jon Levine, discussed the evolving Illinois cannabis market at the Benzinga Cannabis Capital Conference. He acknowledged increased competition in Illinois but remained confident in MariMed's brand strength and quality. Levine also highlighted the potential impact of rescheduling cannabis, stating it would significantly benefit the industry by reducing taxes and promoting profitability. He encouraged investors to consider MariMed's financials, stating their stock is undervalued compared to competitors.

Portfolio Pulse from Nicolás Jose Rodriguez

September 28, 2023 | 1:23 pm

Several marijuana stocks experienced significant price movements on September 19, 2023. Notable gainers include Maple Leaf Green World, Heritage Cannabis Holding, Charlottes Web Holdings, MJ Holdings, Leafbuyer Techs, GreenGro Technologies, Cara Therapeutics, and 1933 Industries. On the other hand, stocks such as Target Group, AusCann Group Holdings, Item 9 Labs, Kaya Holdings, Curaleaf Holdings, Indiva, Greenlane Hldgs, Trulieve Cannabis, CNBX Pharmaceuticals, Cresco Labs, Canopy Gwth, Body and Mind, CLS Holdings USA, 4Front Ventures, Trees, MedMen Enterprises, Khiron Life Sciences, Zoned Props, CV Sciences, Pharmadrug, C21 Investments, Neptune Wellness Solns, GrowGeneration, Green Thumb Industries, 22nd Century Group, Tilray Brands, MariMed, and Village Farms Intl closed down.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 9:30 pm

The potential rescheduling of cannabis to Schedule 3 could eliminate 280e taxes, which have been negatively impacting cannabis companies by reducing their internally funded growth and limiting their debt capacity. The elimination of 280e could save these companies around $700M annually. The article mentions Ascend Wellness (OTC:AAWH), MariMed (OTC:MRMD), Green Thumb (OTC:GTBIF), and Verano (OTC:VRNOF) as companies that could benefit from this change.

Portfolio Pulse from Viridian Capital Advisors

September 18, 2023 | 8:36 pm

On September 15, 2023, several cannabis stocks experienced significant price movements. Notable gainers included Choom Holdings, MJ Holdings, Body and Mind, Cansortium, and Aurora Cannabis. On the other hand, EVIO, MPX International, Maple Leaf Green World, Global Hemp Group, and Tetra Bio Pharma were among the biggest losers.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 9:30 pm

The cannabis industry is introducing new products and technologies, including vape cartridges, mushroom and cannabis-infused gummies, and AI chatbots. Companies mentioned include Timeless Vapes, Hyphae Wellness, Ovation Science Inc., Planet 13 Holdings, Inc., 1606 Corp., Aurora Cannabis Inc., and MariMed Inc. The Benzinga Cannabis Capital Conference in Chicago will host a panel discussion on leveraging technology for smarter retail strategies.

Portfolio Pulse from Joana Scopel

September 15, 2023 | 1:17 pm

The Benzinga Cannabis Awards will present the Bob Fireman Award For Entrepreneurship in honor of the late Robert 'Bob' Fireman, co-founder of MariMed (OTC:MRMD). Fireman, who recently passed away, was instrumental in the growth of the legal cannabis industry. The award will be presented at the Benzinga Cannabis Capital Conference in Chicago on September 27 and 28.

Portfolio Pulse from Javier Hasse

September 13, 2023 | 3:27 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.