Marimed Announces Close On Acquisition Of Ermont, Inc. Operating Assets

Mar 13, 2023•over 2 years ago

Acquiring Company

MariMed

Acquired Company

Assets

NorwoodCannabis

Description

MariMed, Inc. (“MariMed” or the “Company”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state cannabis operator, and Ermont Inc. (“Ermont”) a vertically integrated medical cannabis operator located in Quincy, MA, today announced the close of MariMed’s transaction to acquire the operating assets of Ermont. The deal was previously announced on February 21, 2023.

Company Information

Company

MariMed

Location

Norwood, Massachusetts, United States

About

MariMed Inc. is a multi-state cannabis operator dedicated to improving the lives of people every day through its products, actions, and values. The Company develops, owns, and manages state-licensed cannabis facilities, including growing and processing facilities as well as medical and adult-use retail dispensaries. MariMed is at the forefront of research and innovation, and its craft cannabis cultivation approach has resulted in a portfolio of premium, award-winning, and top-selling product brands, including Betty's Eddies fruit chews, Nature’s Heritage flower, and Vibations hydrating energy drink mix. The foundation of MariMed’s success is a culture of collaboration, compassion, and integrity.

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Based on deal data

Integration timeline

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Tech stack consolidation

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Post-acquisition investment

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