NEWTON, Mass., Nov. 16, 2017 (GLOBE NEWSWIRE) -- MariMed Inc., (OTCQB:MRMD) today announced it has acquired the rights to the intellectual
property (IP), formulations, recipes, proprietary equipment, and know how of Betty’s Eddies from Icky Enterprises LLC. Betty’s Eddies is a line of fruit chews
handcrafted and naturally sweetened with the finest all natural ingredients and non-GMO organic fruits and vegetables.
MariMed has had great customer response to Betty’s Eddies in select markets and felt it best to acquire the rights at this time in
exchange for cash, royalties and MariMed stock. The acquisition enables MariMed to further expand its innovative,
industry-leading Kalm Fusion™ precision dosed medical cannabis-infused product line.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3a7c2162-cca8-4f60-9f09-a75df0393dc8
“MariMed is pushing the cannabis industry to higher standards with products requiring precision dosing of infused THC and CBD
formulations that, when administered, will produce consistent, measurable relief,” stated Tim Shaw, MariMed Chief Operating
Officer, who heads up MariMed R&D. “Betty’s Eddies lactose- and gluten-free, all natural chews are an ideal product for
our licensees to infuse with MariMed’s medical grade precision dosed THC and CBD cannabis formulations, creating more options for
medical cannabis patients to safely and predictably relieve their medical condition symptoms. Like MariMed’s Kalm Fusion
products, they are designed to grab-and-go and discretely fit into daily life.”
Betty’s Eddies branded products are currently the most popular chewable in more than 50 licensed medical cannabis dispensaries
in Illinois. MariMed plans to roll Betty’s Eddies out through its licensee network to
hundreds more legal dispensaries in multiple states beginning in first quarter of 2018.
MariMed licenses its products to state licensed facilities and operators in each state who meet MariMed’s strict standards: all
natural— not artificial or synthetic — ingredients and locally grown by knowledgeable growers, will apply MariMed’s scientific
formulations with trademarked product recipes, such as Betty’s Eddies, to create end products custom designed for enjoyable,
predictable relief.
Learn more about MariMed Inc. products and services at MJ Biz Con, Booth #2808 in the Las Vegas Convention
Center, Nov. 15-17.
About MariMed Inc.:
MariMed designs, develops, finances, and optimizes medical cannabis
cultivation, production, and dispensary facilities as a management service. MariMed's team has developed or is in the process
of developing state-of-the art regulatory-compliant facilities in DE, IL, NV, MD, MA and RI. These
facilities are models of excellence in horticultural principals, cannabis production, product development, and dispensary
operations. MariMed is on the forefront of precision dosed branded products for the treatment of specific medical symptoms.
MariMed currently distributes its branded products in select states and is expanding licensing and distribution to numerous
additional states encompassing thousands of dispensaries. MariMed Inc., is one of the 17 top-performing public cannabis
companies in the U.S. tracked on the U.S. Marijuana Index, (www.marijuanaindex.com). For additional information, visit www.MarimedAdvisors.com
About MariMed’s Branded Products
MariMed Inc. develops precision dosed, branded cannabis products designed to make treatment a part of life that patients
enjoy. MariMed’s products go through rigorous R & D and multiple layers of internal and third party laboratory testing to
ensure consistency and precise dosing in product formulations. Its brand Kalm Fusion evokes “Kalm” as a lifestyle product,
which aims to bring relief through an enjoyable and reliable, patient-controlled treatment option. Kalm Fusion’s products include
Mari Melts sublingual strips in three flavors (mint, berry and citrus), low-dose Chewable Tablets, Kalm-Corn microwave popcorn, and
Powdered Tincture formulated drink mix in two flavors (Green Tea Lemonade and Mango Lime Coconut). MariMed‘s Betty’s Eddies
cannabis-infused Berry Bombs and Fruit Chews are handcrafted with the finest all-natural ingredients -- lactose free, gluten
free and naturally preservative free -- for the best experience. Betty’s Eddies uses only non-GMO organic fruits and vegetables for
color and flavor. All MariMed products are available in THC and CBD formulations with childproof packaging. For more
information on products and licensing, visit www.KalmFusion.com or www.BettysEddies.com.
Media Contacts:
For MariMed
Business Development
Jon Levine, CFO, MariMed
844-244-0200
Investor Relations
Tyler Troup, Circadian Group
tyler@circadian-group.com
+1 (866) 950 8300
Media Relations
Julie Shepherd, Accentuate PR
Julie@accentuatepr.com
847-275-3643
Forward Looking Statements:
This release contains certain forward-looking statements and
information relating to MariMed Inc., that is based on the beliefs of MariMed Inc. management, as well as assumptions made by and
information currently available to the Company. Such statements reflect the current views of the Company with respect to future
events including estimates and projections about its business based on certain assumptions of its management, including those
described in this Release. These statements are not guarantees of future performance and involve risk and uncertainties that are
difficult to predict, including, among other factors, changes in demand for the Company's services and products, changes in the
economic environment and changes in technology. Additional risk factors are included in the Company's public filings with the SEC.
Should one or more of these underlying assumptions prove incorrect, actual results may vary materially from those described herein
as "hoped," "anticipated," "believed," "planned, "estimated," "preparing," "potential," "expected" or words of a similar nature.
The Company does not intend to update these forward-looking statements. None of the content of any of the websites of any other
party referred to herein (even if a link is provided for your convenience) is incorporated into this release and the Company
assumes no responsibility for any of such content.
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