MariMed gets Maryland approval to acquire Kind Therapeutics; over 139K patients in state program

MARIMED INC.

MMCC approved transfer of 100% ownership of Kind Therapeutics to MariMed on April 13, 2022.
Kind operates a cultivation/production facility in Hagerstown, MD and is developing a dispensary in Anne Arundel County.
Maryland's medical cannabis program has over 139,000 patients and generated $500M+ in sales in 2021.
Upon closing, Kind will become a wholly owned subsidiary, consolidating its financials with MariMed.
MariMed (OTCQX: MRMD) expects to close the previously announced acquisition following this approval.

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