MariMed to Launch Top-Selling Betty’s Eddies Brand Into Maine Adult-Use Cannabis Marketplace

MariMed Inc

NORWOOD, Mass., June 29, 2022 (GLOBE NEWSWIRE) —

MariMed, Inc.

(“MariMed” or the “Company”) (OTCQX: MRMD), a leading multi-state cannabis operator focused on improving lives every day, today announced a licensing agreement with East Coast Cannabis Company, a vertical cannabis producer and distributer in the Maine Cannabis market. The licensing agreement provides for the adult-use distribution of MariMed’s top-selling brand,

Betty’s Eddies

full-spectrum fruit chews and the other successful SKUs in the line-up, including

Bedtime Betty’s

. The intention longer-term is to roll out other edibles brands in MariMed’s portfolio, including

Bubby’s Baked

soft and chewy baked goods and

Vibations: High + Energy

powder energy drink mix. Terms of the deal were not disclosed.

The licensing deal is aligned with the Company’s strategic growth plan to distribute its brands in legal cannabis states across the country. The Company anticipates

Betty’s Eddies

will be available to Maine’s residents and seasonal adult-use customers in the coming months.

“We are thrilled to partner with East Coast Cannabis Company for the production and distribution of our award-winning

Betty’s Eddies

branded products in the Maine adult-use cannabis market,” said Ryan Crandall, Chief Revenue Officer for MariMed. “Maine is an underappreciated adult-use cannabis market. While the state’s population is just over one million, Maine attracts as many as 37 million tourists annually, rivaling that of the Las Vegas Strip.”


Betty’s Eddies

has been available to Maine’s medical cannabis patients since early 2021 through a separate licensing agreement.

Betty’s Eddies

has been a top-selling edible in all the states in which it’s been available. The adult-use cannabis market in Maine is projected to grow to $500 million dollars in 2025 according to Cowen Research.


About MariMed

MariMed Inc., a multi-state cannabis operator, is dedicated to improving lives every day through its high-quality products, its actions, and its values. 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. Proprietary formulations created by the Company’s technicians are embedded in its top-selling and award-winning products and brands, including

Betty’s Eddies, Nature’s Heritage, Bubby’s Baked, K Fusion, Kalm Fusion

, and

Vibations: High + Energy

. For additional information, visit

www.marimedinc.com

.


Investor Relations Contact

:

Steve West

Vice President, Investor Relations

Email: [email protected]


Media Contact:

Trailblaze PR

Email: [email protected]


Company Contact:

Howard Schacter

Chief Communications Officer

Email: [email protected]

MariMed to Launch Top-Selling Betty's Eddies Brand Into Maine Adult-Use Cannabis Marketplace


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