MariMed Inc (OTCMKTS: MRMD) has been rocketing up the charts in recent trading from lows of $0.40 to recent highs of $0.70 per share on a surge of trading volume trading 2.3 million shares on Friday alone or about $1.5 million in dollar volume. MariMed has seen a huge transition over the past few years from an advisory firm to a direct owner and operator of cannabis licenses in high-growth states. Revenues increased 139% to approximately $121.5 million in 2021 from $50.9 million in 2020; Total assets increased to approximately $123.2 million in 2021 from $76.4 million in 2020; and Cash and cash equivalents increased to approximately $29.7 million in 2021 from $3.0 million in 2020.
MRMD is northward bound ever since the Company announced the opening of its first dispensary in Maryland. Operated by the Company’s wholly owned subsidiary, Kind Therapeutics USA (“Kind”), the 5,000 square foot, Panacea Wellness-branded dispensary features MariMed’s portfolio of award-winning brands, including Nature’s Heritage craft flower and concentrates, Betty’s Eddies all-natural fruit chews, and Bubby’s Baked soft baked goods. The dispensary is located at 2061 Generals Highway in Annapolis. With the opening of the dispensary in Annapolis, MariMed is a fully vertical cannabis