Streetbeat News

MRMD

MariMed Inc

Employees

326

Industry

Medicinal and Botanical Manufacturing

Open

0.10

Mkt cap

39M

Volume

101K

High

0.10

P/E Ratio

-3.43

52-wk high

0.34

Low

0.10

Div yield

N/A

52-wk low

0.10

The DEA's decision to move cannabis from Schedule I to Schedule III under the Controlled Substances Act has been met with widespread approval from industry leaders. MariMed and Indoor Harvest Corp specifically expressed positive outlooks, highlighting the decision's potential to benefit consumers, patients, and the industry at large. The move is seen as a significant shift in drug policy, with implications for medical recognition, business operations, and global cannabis markets.

Portfolio Pulse from Rolando García

April 30, 2024 | 7:58 pm

Marijuana stocks experienced significant movement on April 25, 2024, with notable gainers including Cannabix Technologies, Kaya Holdings, and Urban-gro, among others. Conversely, several companies faced declines, such as Global Hemp Group, GrowGeneration, and Aurora Cannabis. This reflects the volatile nature of the marijuana stock market.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 8:30 pm

Cannabis stocks saw significant movement on April 22, 2024, with notable gainers including Affinor Growers, Elixinol Wellness, and Cannabix Technologies, among others. Conversely, Green Growth Brands led the losers, followed by Target Group and Greenlane Holdings. The movements reflect the volatile nature of the cannabis market.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 8:30 pm

At the Benzinga Cannabis Capital Conference in Florida, industry leaders, including MariMed's CEO John Levine, discussed strategies for scaling cannabis businesses amidst challenges. Levine highlighted MariMed's focus on strategic expansion through vertical integration and mergers. Seth Yakatan emphasized the importance of focusing on core strengths for cash flow, while Alex Gray of Good Day Farm advocated for efficiency and cost reduction. The panel also addressed the hurdles of raising capital, supply chain complexities, and the need for market-specific adaptations. A shift in investor attitudes towards valuing sustainable growth over rapid expansion was noted.

Portfolio Pulse from Nicolás Jose Rodriguez

April 21, 2024 | 2:53 pm

This 4/20, cannabis retailers anticipate record sales, with brands like MariMed's Betty’s Eddies, Cresco's High Supply, Ascend Wellness's Simply Herb, and others leading in various states. The article highlights market leaders in the East, Midwest, California, Nevada, Florida, and New York, with a focus on companies like AYR Wellness, Curaleaf Holdings, Green Thumb Industries, and Trulieve. The pre-roll segment and the competitive landscape in each state are also discussed, indicating a highly anticipated sales surge.

Portfolio Pulse from Nicolás Jose Rodriguez

April 20, 2024 | 1:54 pm

At the Benzinga Cannabis Capital Conference in Florida, MariMed's CCO Howard Schacter discussed the challenges of maintaining brand consistency across states due to varying regulations, emphasizing the importance of quality and a unified brand strategy. Kristi Palmer of Kiva Confections and Angela Pih of CCELL also highlighted the significance of product consistency, the role of budtenders in customer retention, and the complexities of scaling in the cannabis industry.

Portfolio Pulse from Rolando García

April 17, 2024 | 9:23 pm

Howard Schacter discusses strategies for increasing visibility and driving people into stores, focusing on activation strategies within venues. The Cannabis Capital Conference offers live access for subscribers and new users.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:56 pm

Howard Schacter discussed marketing strategies focusing on differentiating through music and cannabis pairing. Recently, they partnered with Massachusetts music venues for exclusive cannabis sponsorship, emphasizing earned media as central to their role. Schacter hinted at more plans to mainstream cannabis, coinciding with the Cannabis Capital Conference.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:55 pm

Howard Schacter discussed the operation of two distinct retail brands, emphasizing the comprehensive approach beyond mere name and signage to include uniformity. The statement hints at strategic considerations prior to the rollout. Additionally, the article promotes the Cannabis Capital Conference, offering access to both existing and new subscribers.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:50 pm

Howard Schacter discussed the development of a tech stack combining retail software and AI to analyze the consumer journey from zip code to purchase, including retail location and marketing. This opens opportunities for strategic partnerships and is highly indexed for Walmart, suggesting potential $10 Walmart coupons.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:43 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.