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Marimed Completes Acquisition Of Kind Therapeutics Usa, A Maryland Vertically Integrated Cannabis Business

Apr 28, 2022•about 3 years ago

Acquiring Company

MariMed

Acquired Company

Kind Therapeutics USA

NorwoodCannabis

Description

MariMed Inc. (OTCQX: MRMD) (“MariMed” or the “Company”), a leading multi-state cannabis operator focused on improving lives every day, today announced it completed the acquisition of Kind Therapeutics U.S.A., LLC (“Kind”), a leading vertically integrated cannabis business in Maryland.

Company Information

Company

MariMed

Location

Norwood, Massachusetts, United States

About

MariMed Inc. is a multi-state cannabis operator dedicated to improving the lives of people every day through its products, actions, and values. The Company develops, owns, and manages state-licensed cannabis facilities, including growing and processing facilities as well as medical and adult-use retail dispensaries. MariMed is at the forefront of research and innovation, and its craft cannabis cultivation approach has resulted in a portfolio of premium, award-winning, and top-selling product brands, including Betty's Eddies fruit chews, Nature’s Heritage flower, and Vibations hydrating energy drink mix. The foundation of MariMed’s success is a culture of collaboration, compassion, and integrity.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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