MariMed Closes Acquisition of Cannabis Business Kind Therapeutics USA.
MANews-(C)2009-2022
US-based multi-state cannabis operator MariMed Inc. (OTCQX: MRMD) has completed the acquisition of Maryland, US-based vertically integrated cannabis business Kind Therapeutics USA., LLC, the company said.
The Maryland Medical Cannabis Commission approved the transfer to MariMed at their April 13th meeting and the closing took place April 27, 2022. MariMed was instrumental in the development of the Kind operations from its inception in 2017.
The company owns, and had developed, a 180,000 square foot cannabis cultivation and production facility in Hagerstown and is developing a 6,000 square foot dispensary in Anne Arundel County, both of which were leased to Kind.
MariMed said it plans to expand all of aspects of the Kind business including adding 40,000 square feet of cultivation canopy, a state-of-the-art GMP...
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