{"schema_version":"secwatch.filing_event.v1","accession":"0001522767-23-000129","form_type":"8-K","ticker":"MRMD","cik":"0001522767","company_name":"MARIMED INC.","filed_at":"2023-11-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.359551+00:00","generated_at":"2026-06-07T23:20:43.004649+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"MariMed closes $58.7M debt refinancing at 8.43% fixed rate; expects $4.7M savings in first year","bullets":["10-year loan from Needham Bank with interest-only payments for first 12 months, then 20-year amortization.","Proceeds used to pay off $46.8M in existing debt (Chicago Atlantic, Bank of New England, Ermont seller note).","Remaining funds held in escrow for Hagerstown, MD cultivation facility expansion.","Loan secured solely by MD and MA assets; IL, OH, DE assets and brands (Betty's Eddies, Nature's Heritage) now unencumbered.","No warrants or equity component; estimated $3.5M annual savings in years 2-5."],"urls":{"canonical":"https://secwatch.observer/filing/0001522767-23-000129","json":"https://secwatch.observer/filing/0001522767-23-000129.json","markdown":"https://secwatch.observer/filing/0001522767-23-000129.md","text":"https://secwatch.observer/filing/0001522767-23-000129.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1522767/000152276723000129/0001522767-23-000129-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1522767/000152276723000129/mrmd-20231116.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T23:20:43.004649+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f639e5e2623f5dcb8104c68618a8eb15c8f67eb7","claim":"MARIMED INC. incurred loan of $58.7 million with Needham Bank at Initial five-years: 8.43%. Interest rate resets after five-years to the FHLB Rat maturing Ten years.","evidence_excerpt":"On November 16, 2023, Mari Holdings MD LLC, Hartwell Realty Holdings LLC, Kind Therapeutics USA, LLC, ARL Healthcare Inc., and MariMed Advisors, Inc., each a wholly-owned direct or indirect subsidiary of the Registrant (collectively, the “ Borrowers ”) entered into a Loan Agreement (the “ Loan Agreement ”), by and among Borrowers, and Needham Bank, a Massachusetts co-operative bank (the “ Lender ”) pursuant to which the Lender loaned to the Borrowers an aggregate principal amount of $58.7 million (the “ Loan Transaction ”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1522767/000152276723000129/0001522767-23-000129-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$58.7 million"},{"label":"Counterparty","value":"Needham Bank"},{"label":"Rate","value":"Initial five-years: 8.43%. Interest rate resets after five-years to the FHLB Rat"},{"label":"Maturity","value":"Ten years"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d40428234c37f775364be130ad692c027a590f35","claim":"MARIMED INC. entered into Loan Agreement with Needham Bank valued at $58.7 million (effective 2023-11-16).","evidence_excerpt":"On November 16, 2023, Mari Holdings MD LLC, Hartwell Realty Holdings LLC, Kind Therapeutics USA, LLC, ARL Healthcare Inc., and MariMed Advisors, Inc., each a wholly-owned direct or indirect subsidiary of the Registrant (collectively, the “ Borrowers ”) entered into a Loan Agreement (the “ Loan Agreement ”), by and among Borrowers, and Needham Bank, a Massachusetts co-operative bank (the “ Lender ”) pursuant to which the Lender loaned to the Borrowers an aggregate principal amount of $58.7 million (the “ Loan Transaction ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1522767/000152276723000129/0001522767-23-000129-index.htm","confidence":0.93,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Needham Bank"},{"label":"Value","value":"$58.7 million"},{"label":"Effective","value":"2023-11-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}