MariMed announces opening of second pharmacy in Maryland

NORWOOD, Mass., 19 August 2024 (GLOBE NEWSWIRE) — MariMed Inc. (“MariMed”, “the Company”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state cannabis operator focused on improving lives every day, announced the opening of ThriveWellness In Upper Marlboro, Maryland To Monday, August 19^th2024.

This new location is MariMed’s second adult pharmacy in Marylandlocated in 9520 Marlboro Pike In prince George County, Upper MarlboroThe company also owns and operates another Thrive Wellness pharmacy in Annapolisin addition to a cultivation and processing facility in Hagerstown.

“We are pleased to expand our presence in Maryland with the opening of our second pharmacy in the state,” said Jon LevineCEO of MariMed. “Maryland is a dynamic, high-growth market for recreational cannabis. Expanding our dispensary footprint to the maximum four locations allowed in the state has been a key strategic goal for us, and this opening brings us closer to that goal. While this dispensary was not part of our 2024 financial plan, we are excited about the potential it offers to further accelerate our revenue growth.”

Thrive Wellness in Upper Marlboro offers a carefully curated selection of products from MariMed's award-winning portfolio of brands, including Nature's Heritage flower and concentrates, Betty's Eddie's fruit chews, Bubby's Baked soft-baked products, Vibations Hydrating Drink Mixes, and the complete line of InHouse branded products. MariMed's cannabis products are available at any dispensary. Maryland.

About MariMed
MariMed Inca multi-state cannabis operator, is committed to improving people's lives every day through its high-quality products, operations and values. The Company develops, owns and manages state-licensed seed-to-sale cannabis facilities that are exemplary in horticultural principles, cannabis cultivation, cannabis-infused products and dispensary operations. MariMed has an experienced management team that has ensured consistent growth and success of the Company and its managed business units. Proprietary formulations developed by the Company's engineers are incorporated into its best-selling and award-winning products and brands, including Betty's Eddies™, Nature's Heritage™, InHouse™, Bubby's Baked™, K Fusion™, Kalm Fusion™ and Vibations™. For more information, visit www.marimedinc.com.

Company contact:Howard SchacterHead of Communication
Email: [email protected]
Phone: (781) 277-0007

Investor Relations Contact: Steve WestVice President, Investor Relations
Email: [email protected]
Phone: (781) 277-0007