MariMed, Inc. MRMD MRMD And Ermont Inc. announced the close The MariMed transaction to acquire Ermont’s business assets.

The acquisition marks MariMed’s second medical dispensary in Massachusetts and substantially completes the company’s expansion to the maximum permitted by state regulations. The transaction was completed on March 9, 2023 and the pharmacy began operations under the The panacea of ​​wellness brand name the next day. The dispensary now offers an expanded selection of the best cannabis products manufactured in the state, including those from MariMed’s portfolio of brands: heritage of nature flowers and concentrates; Betty’s Eddies fruit chewing; Bubby is baked soft baked goods; vibrations: High + Energy drink mixes; and the entire suite of his in-house branded products.

The acquisition of MariMed includes two host community agreements with the City of Quincy, one of which is for the sale of adult-use cannabis. The company is applying to the CCC for adult sales permits and plans to expand the existing medical dispensary to meet increased demand. Plans also include the repurposing of the cultivation facility and the relocation of pheno-hunting activities from the New Bedford cultivation and processing facility to make room for much-needed additional capacity of their Nature’s Heritage flower. MariMed partners with Little Dog for the supply of medicinal and adult cannabis where permitted.

The completion of this transaction is the result of a successful reorganization conducted by a court-appointed liquidator Opus Consulting Partners LLC. Opus Consulting and MariMed negotiated the transaction with court approval and the acquisition was approved by the CCC on March 9, 2023.

Receivership is a court-determined avenue used by struggling companies and creditors as an alternative to bankruptcy. Because cannabis remains a Schedule I substance under the U.S. Controlled Substances Act of 1970, most companies involved in cultivation, manufacture, sale,…