MariMed Reports ‘Another Year Of Strong Operational And Financial Performance’ And More To Come In 2024
MariMed Inc (CSE:MRMD) (OTCQX:MRMD), the multi-state cannabis operator announced its financial results late Wednesday for the fourth quarter and year ended December 31, 2023.
“I am pleased to report another year of strong operational and financial performance,” said CEO Jon Levine.
Marimed’s revenue rose to $38.9 million for the fourth quarter, up from $35.8 million for the same time period a year ago.
Net loss in the quarter rose to $10.1 million over last year’s fourth-quarter income of $4.7 million. The company had a $10 million loss on the extinguishment of debt in the quarter leading to the change. The loss per share was $0.03 versus last year’s earnings per share of $0.01.
“I believe MariMed stands alone among cannabis companies for the …