NEW YORK, Aug. 15, 2019 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced MariMed Inc. (OTCQX: MRMD), a multi-state cannabis operator, has qualified to trade on the OTCQX® Best Market. MariMed Inc. upgraded to OTCQX from the OTCQB® Venture Market.
MariMed Inc. begins trading today on OTCQX under the symbol "MRMD." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We're excited to welcome MariMed Inc. to our OTCQX Best Market," said Jason Paltrowitz, EVP of Corporate Services at OTC Markets Group. "Having traded on our OTCQB Venture Market since 2017, MariMed's graduation to the OTCQX Best Market demonstrates how companies are leveraging the OTC Markets Group' tiers to build visibility and long-term shareholder value in the U.S. public markets."
"We expect trading on the OTCQX Best Market to elevate our profile in the investment community, improving liquidity and broadening our shareholder base," said MariMed CEO, Bob Fireman. "This represents another next step in our capital market and corporate development strategy designed to build shareholder value and advance MariMed as a leader in cannabis for health and wellness."
About MariMed Inc.
MariMed, 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. MariMed is at the forefront of science and innovation through research developed by its lab technicians and medical advisors resulting in industry leading products and brands, including "Kalm Fusion" and "Betty's Eddies". These precision dosed products are focused on specific medical symptoms which are licensed and distributed across the country.
In 2019, with enactment of the 2018 US Farm Bill, MariMed formed MariMed Hemp, a wholly owned subsidiary, to leverage its seed to sale cannabis platform and experience into the emerging hemp-based CBD industry. The Company acquired a significant stake in Kentucky-based GenCanna Global, a national and international leading cultivator, producer, and distributer of hemp and GMP quality CBD oils and isolates. With this strategic relationship MariMed Hemp has developed and is marketing a portfolio CBD brands and products to multiple retailers and direct to consumers both domestically and internationally. The Company recently launched its Hemp Engine™ "store within a store" distribution platform for retailers. MariMed Hemp is actively pursuing other hemp industry business opportunities with genetics, farming, biomass, and new and innovative technologies.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
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OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
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SOURCE OTC Markets Group Inc.