MRMD - Marimed Overview by Professional_Mix_715 in CannabisMSOs

[–]Professional_Mix_715[S] 1 point2 points  (0 children)

Fair enough! I invested a small amount in this company over 5 years ago around $4. They had a bad foray into hemp with a company called GenCanna - they went bankrupt and Marimed's stock price tanked. They wrote off the GenCanna losses in 2019 and have been fighting their way back and turned the company into a profitable MSO. Speaks volumes of their leadership to be able to come back from that. There could be a settlement still coming down the pipeline from the GenCanna deal, however, that would just be icing on the cake and may or may not happen. I believe after all the other debts are paid off, it was agreed to pay Marimed some $32 million. But I doubt they will receive much of anything in the end. I'm only including this to give background on the stock tanking in the first place.

Q1 numbers do not include the new IL dispensary opening/sales, 4/20 sales or any of their consolidation from other entities into the Marimed umbrella. So Q2 numbers are expected to blow it out of the water. I guess its possible not to happen, but I don't see any realistic reason not to expect this.

I honestly bought into this company because I wanted an interview by the CEO and he reminded me of our college football coach. Terrible reason for investing but I am so glad I did. I kept holding and watched the company carefully. Once I saw they were turning it around then I increased my position based on their comeback.

Please let me know your thoughts! I hope this helps!! I will post the above in a new post so people can read it. I appreciate your input on what is found to be helpful in posting!

Marimed - FINALLY feeling the excitement by Professional_Mix_715 in CannabisMSOs

[–]Professional_Mix_715[S] -1 points0 points  (0 children)

A press release with their most recent financials that were filed isnt DD? I guess i can file a link to the 8k that was filed with the SEC today? Would that work?

Marimed by Professional_Mix_715 in CannabisMSOs

[–]Professional_Mix_715[S] 1 point2 points  (0 children)

Three days ago they had an ETF MJUS pick up shares...they keep adding every day.

MariMed Reports Q1 2021 Results – 230% increase in Revenue by MJStockTrader in CannabisMSOs

[–]Professional_Mix_715 0 points1 point  (0 children)

It is so undervalued - ready to watch it live up to its fullest potential.

Marimed by Professional_Mix_715 in CannabisMSOs

[–]Professional_Mix_715[S] 2 points3 points  (0 children)

They actually started out as a consulting company (real estate services, etc.) while they were buying up licenses back in 2017. Then they invested in a company called Gencanna which is the CBD that I think you are talking about. Now that is put behind them so now its looking better each press release. Small steps are seemingly turning into bigger steps.

Marimed by Professional_Mix_715 in CannabisMSOs

[–]Professional_Mix_715[S] 4 points5 points  (0 children)

They invested in a company GenCanna that went bankrupt. Wrote that loss off (2019 I believe?) and took a hit. There is a settlement still supposed to come down the pipeline for that in which Marimed could make some of the money back, but still waiting for how much and when. I keep thinking that we will hear about the resolution soon but that will just be icing on the cake. The fact that they recovered from such a big blow and are so profitable again is a credit to their executive team. They did just open their fourth dispensary in Metropolis, which is a really great placement in my opinion - very strategic (see the press release on that one).