- Marimed ( OTCQX:MRMD ) signed a definitive agreement to acquire the ownership interests in a conditional adult-use cannabis dispensary license in Illinois.
- On transaction closure, MariMed will commence operation of its fifth Thrive adult-use dispensary in Illinois, which is expected in 2023.
- Currently, the company owns and operates four adult-use dispensaries; it is also constructing craft cultivation and processing facility in Mt. Vernon, Illinois, making MariMed a full vertical operator in the state when completed.
- The company plans to manufacture and distribute its proprietary brands and products across Illinois.
For further details see:
MariMed acquires fifth adult-use dispensary license in Illinois