- The OTCQX® Most effective Marketplace is best tier of OTC Markets delivers exchange-excellent trading practical experience with superior facts availability for investors
- MRMD to commence trading on OTCQX currently
- MRMD ticker symbol remains unchanged
NORWOOD, Mass., Aug. 15, 2019 (GLOBE NEWSWIRE) — MariMed Inc. (OTCQX: MRMD), a premier cannabis and hemp multi-state operator focused on wellness and wellness, has certified to trade on the OTCQX® Most effective Marketplace.
The OTCQX Most effective Marketplace is for established, investor-focused U.S. and international organizations. To qualify for the OTCQX market place, organizations need to meet higher economic requirements, comply with ideal practice for corporate governance, demonstrate compliance with U.S. securities laws, be existing in their disclosures, and have a specialist third-celebration sponsor introduction.
“We count on trading on the OTCQX Most effective Marketplace to elevate our profile in the investment neighborhood, enhancing liquidity and broadening our shareholder base,” mentioned MariMed CEO, Bob Fireman. “This represents an additional subsequent step in our capital market place and corporate improvement technique made to construct shareholder worth and advance MariMed as a leader in cannabis for wellness and wellness.”
The firm markets the highest excellent of cannabis and hemp merchandise nationwide with a portfolio of revolutionary brands. It not too long ago reported second quarter 2019 revenues of $25.7 million, up 775%, with net revenue of $four.7 million.
“We’re excited to welcome MariMed to the OTCQX Most effective Marketplace,” mentioned Jason Paltrowitz, EVP of corporate solutions at OTC Markets Group. “After trading on our OTCQB Venture Marketplace considering that 2017, MariMed’s graduation to the OTCQX Most effective Marketplace demonstrates how organizations can leverage the OTC Markets Group tiers to construct visibility and lengthy-term shareholder worth.”
MariMed starts trading currently on the OTCQX below the symbol “MRMD.” Investors can discover existing economic disclosures and actual-time Level II quotes for the firm at www.otcmarkets.com.
MariMed, a multi-state cannabis operator, is committed to enhancing the wellness and wellness of folks by means of the use of cannabinoids and cannabis merchandise. The Business develops, owns and manages seed to sale state licensed cannabis facilities which are models of excellence in horticultural principles, cannabis cultivation, cannabis infused merchandise, and dispensary operations. MariMed has an skilled management group that has made constant development and accomplishment for the Business and its managed business enterprise units. MariMed is at the forefront of science and innovation by means of investigation created by its lab technicians and healthcare advisors resulting in market top merchandise and brands, which includes “Kalm Fusion” and “Betty’s Eddies”. These precision dosed merchandise are focused on particular healthcare symptoms which are licensed and distributed across the nation.
In 2019, with enactment of the 2018 US Farm Bill, MariMed formed MariMed Hemp, a wholly owned subsidiary, to leverage its seed to sale cannabis platform and practical experience into the emerging hemp-primarily based CBD market. The Business acquired a important stake in Kentucky-primarily based GenCanna Worldwide, a national and international top cultivator, producer, and distributer of hemp and GMP excellent CBD oils and isolates. With this strategic connection MariMed Hemp has created and is advertising a portfolio of CBD brands and merchandise to a number of retailers and direct to buyers each domestically and internationally. The Business not too long ago launched its Hemp Engine™ “store inside a store” distribution platform for retailers. MariMed Hemp is actively pursuing other hemp market business enterprise possibilities with genetics, farming, biomass, and new and revolutionary technologies.
For further facts, visit marimedinc.com.
Facebook: MariMedInc ™
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Most effective Marketplace, the OTCQB® Venture Marketplace and the Pink® Open Marketplace for 10,000 U.S. and international securities. By means of OTC Hyperlink® ATS and OTC Hyperlink ECN, we connect a diverse network of broker-dealers that supply liquidity and execution solutions. We allow investors to conveniently trade by means of the broker of their selection and empower organizations to enhance the excellent of facts offered for investors.
OTC Hyperlink ATS and OTC Hyperlink ECN are SEC regulated ATSs, operated by OTC Hyperlink LLC, member FINRA/SIPC.
To understand additional, stop by www.otcmarkets.com.
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