MariMed Inc. MRMD hopes to expand its presence to seven more states over the next 18 months.
MariMed has grown from a consulting firm to a vertically integrated multi-state operator, president and CEO Robert the Fireman Told Tim Seymourportfolio manager of the Amplify Seymour Cannabis ETFs CNBSWednesday at the Benzinga Cannabis Capital Conference in Miami Beach.
Fireman identified MariMed’s formula for success.
“I think it’s a team thing. We strive every day. We have a validated management team, unlike other MSOs who have been together for over 10 years.”
MariMed’s CEO breaks down MSO’s performance: MariMed has a work culture and a commitment to quality, Fireman told Seymour. Its revenue is sustainable, the CEO said, adding that he was “very comfortable” that MariMed will meet or exceed its forecast.
The company maintained double-digit growth in 2020 and 2021, he said.
The last word: To further cement the idea of the importance of the flower at MariMed, Firemen said that at the company’s facilities in Massachusetts, there is special music for each plant to create specific growing conditions. He calls this method “making love to the plant”.
CNBC’s Tim Seymour, left, and MariMed CEO Robert Fireman chat at the Benzinga Cannabis Capital conference on Wednesday. Photo by Dez Smith.