MRMD - MariMed to acquire dispensary in Beverly adding 2nd retail outlet in Massachusetts

MariMed (OTCQX:MRMD) is acquiring a provisional dispensary license from Green House Naturals LLC. The dispensary will be in Beverly, a suburban city located on the north shore of the Boston metropolitan area. Terms of the transaction were not disclosed. The transaction will add a second retail location to MariMed’s vertically integrated cannabis operations in Massachusetts. The company expects the Beverly dispensary will be operational during H2 2022. MariMed also plans to develop a third adult use dispensary in 2022. The company currently operates a dispensary in Middleborough and a 70K square-feett cultivation and processing facility in New Bedford, to which it expects to add 70K square-feet in 2023.

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MariMed to acquire dispensary in Beverly, adding 2nd retail outlet in Massachusetts