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MariMed Expands Access to Top-Selling Betty's Eddies Brand in Maine
GlobeNewswire News Room· 2025-07-14 11:30
Core Insights - MariMed Inc. has entered a licensing agreement with The Stoned Moose, a cannabis operator in Maine, to expand the distribution of its Betty's Eddies™ full-spectrum fruit chews in the $455 million Maine cannabis market [1][2] - The new agreement allows for the distribution of Betty's Eddies to both adult-use and medical cannabis consumers, with medical cannabis sales accounting for over 50% of Maine's cannabis revenues in 2024 [2] - The CEO of MariMed expressed optimism about the brand's potential in Maine, citing its market leadership in edibles in Massachusetts, Maryland, and Delaware, and aligning with the company's "Expand the Brand" strategy [3] Company Overview - MariMed Inc. is recognized as a leading multi-state cannabis operator, focusing on the development and management of advanced cultivation, production, and retail facilities [4] - The company boasts a portfolio of award-winning cannabis brands, including Betty's Eddies™, Bubby's Baked™, and others, which are well-regarded by consumers across the United States [4] Industry Context - The cannabis market in Maine is valued at $455 million, indicating significant growth potential for companies like MariMed that are expanding their product offerings [1] - Medical cannabis sales are a crucial segment of the market, representing more than half of the total cannabis revenues in the state [2]