MariMed Inc., a multi-state cannabis operator, is dedicated to improving the health and wellness of people through the use of cannabinoids and cannabis products. The Company develops, owns, and manages seed to sale state-licensed cannabis facilities, which are models of excellence in horticultural principles, cannabis cultivation, cannabis-infused products, and dispensary operations. MariMed has an experienced management team that has produced consistent growth and success for the Company and its managed business units.
Company profile
Ticker
MRMD
Exchange
Website
CEO
Robert N. Fireman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
WORLDS ONLINE INC.
SEC CIK
Corporate docs
Subsidiaries
MariMed Advisors Inc. • Mia Development LLC • Mari Holdings IL LLC • Mari Holdings MD LLC • Mari Holdings NJ LLC • Mari Holdings NV LLC • Mari Holdings Metropolis LLC • Mari Holdings • Mari Mfg LLC • Hartwell Realty Holdings LLC ...
MRMD stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
7 Mar 24
8-K
MariMed Reports Fourth Quarter and Full Year 2023 Earnings
6 Mar 24
8-K
Entry into a Material Definitive Agreement
20 Nov 23
10-Q
2023 Q3
Quarterly report
9 Nov 23
8-K
MariMed Reports Third Quarter 2023 Earnings
8 Nov 23
8-K
Departure of Directors or Certain Officers
3 Nov 23
10-Q
2023 Q2
Quarterly report
4 Aug 23
8-K
MariMed Reports Second Quarter 2023 Earnings
2 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
12 Jun 23
10-Q
2023 Q1
Quarterly report
9 May 23
Transcripts
MRMD
Earnings call transcript
2023 Q3
9 Nov 23
MRMD
Earnings call transcript
2023 Q2
3 Aug 23
MRMD
Earnings call transcript
2023 Q1
9 May 23
MRMD
Earnings call transcript
2022 Q4
2 Mar 23
MRMD
Earnings call transcript
2022 Q3
8 Nov 22
MRMD
Earnings call transcript
2022 Q2
9 Aug 22
MRMD
Earnings call transcript
2022 Q1
11 May 22
MRMD
Earnings call transcript
2021 Q4
17 Mar 22
MRMD
Earnings call transcript
2021 Q3
16 Nov 21
MRMD
Earnings call transcript
2021 Q2
17 Aug 21
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 13.26 mm | 13.26 mm | 13.26 mm | 13.26 mm | 13.26 mm | 13.26 mm |
Cash burn (monthly) | 458.67 k | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 3.06 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 10.20 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 22.2 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
0.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 3 |
Opened positions | 1 |
Closed positions | 1 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 9.23 mm |
Total shares | 845.17 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Canton Hathaway | 645.10 k | $253.00 k |
Smithbridge Asset Management | 177.37 k | $70.00 k |
NBW Capital | 22.70 k | $8.91 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Apr 24 | Jon R Levine | RSU Common Stock, par value $.001 per share | Grant | Acquire A | No | No | 0 | 69,110 | 0.00 | 69,110 |
2 Apr 24 | Timothy Shaw | RSU Common Stock, par value $.001 per share | Grant | Acquire A | No | No | 0 | 59,895 | 0.00 | 59,895 |
7 Mar 24 | Timothy Shaw | Common stock | Sell | Dispose S | No | Yes | 0.2348 | 15,348 | 3.60 k | 8,477,072 |
7 Mar 24 | Timothy Shaw | Common stock | Option exercise | Acquire M | No | No | 0 | 43,333 | 0.00 | 8,492,420 |
7 Mar 24 | Timothy Shaw | RSU Common Stock, par value $.001 per share | Option exercise | Dispose M | No | No | 0 | 43,333 | 0.00 | 86,667 |
7 Mar 24 | Jon R Levine | Common stock | Sell | Dispose S | No | Yes | 0.2348 | 16,529 | 3.88 k | 20,229,020 |
7 Mar 24 | Jon R Levine | Common stock | Option exercise | Acquire M | No | No | 0 | 46,667 | 0.00 | 20,245,549 |
7 Mar 24 | Jon R Levine | RSU Common Stock, par value $.001 per share | Option exercise | Dispose M | No | No | 0 | 46,667 | 0.00 | 93,333 |
7 Nov 23 | Jon R Levine | RSU Common Stock, par value $.001 per share | Grant | Acquire A | No | No | 0 | 450,000 | 0.00 | 450,000 |
News
'A F—ed-Up Situation,' Says MariMed CCO About How State Regulations Complicate Cannabis Edibles Strategy
17 Apr 24
Howard Schacter Says Visibility And Getting Keeping Them There; Working On Activation Strategies To Draw Straight Line What Working On Inside Venue; How To Drive Folks Into Store
17 Apr 24
Howard Schacter On Marketing Strategy Says We Challenge Ourselves To Look For Differentiated Strategies; Music & Cannabis Pairing; Last Week Partner With Massachusetts Music Venues For Exclusive Cannabis Sponsorship; Earned Media Is Heart Of Role; Got More Things Planned; To Leap Cannabis Into Mainstream
17 Apr 24
Howard Schacter Says Today We Operate As 2 Different Retail Brands; It Is Not Just Name And Signage But Uniform; Thinking About It Before Rollout
17 Apr 24
Howard Schacter Says We Think We Cracked Code On Building Tech Stack Combo Of Retail Software AI; Look At Consumer Journey From Zip Code To Purchase; Retail Location; Marketing Side Opens Opportunity For Strategic Partnerships; Highly Index For Going To Walmart, Possible Hand Out $10 Walmart Coupons
17 Apr 24
Press releases
MariMed Closes Acquisition of Thrive Dispensary in Casey, The Company's Fifth Illinois Dispensary
11 Apr 24
MariMed Partners with Iconic Boston Music Venues
10 Apr 24
MariMed Closes Acquisition of Second Maryland Dispensary
9 Apr 24
MariMed Announces First Quarter 2024 Earnings Date
8 Apr 24
A Bigger Dispensary Opens in the Town of "Big Things" as MariMed Opens Larger, Permanent Thrive Dispensary in Casey, Illinois
12 Mar 24