secwatch.observer — SEC 8-K summary
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Issuer:     MARIMED INC. (MRMD)
CIK:        0001522767
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001522767-25-000048
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MariMed Q1 revenue flat at $38.0M; net loss widens to $5.4M from $1.3M YoY
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- Revenue of $38.0M flat vs $37.9M a year ago; GAAP gross margin fell to 40% from 43%.
- GAAP net loss of $5.4M widened from $1.3M loss; Non-GAAP net loss $3.8M vs $0.6M.
- Non-GAAP Adjusted EBITDA dropped to $2.6M (7% margin) from $4.7M (12% margin).
- Wholesale sales rose to 44% of revenue; 70 new storefronts added; Betty's Eddies top edible in MA, MD, DE.
- Management cites soft retail quarter, ramp-up costs in IL and MO; eyes M&A, licensing, hemp entry.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1522767/000152276725000048/0001522767-25-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1522767/000152276725000048/mrmd-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001522767-25-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer