MariMed Statement Regarding the Commencement of Adult-Use Cannabis Sales in Delaware on August 1st
Rhea-AI Summary
MariMed (MRMD) has announced its readiness to participate in Delaware's expansion into adult-use cannabis sales, which will commence on August 1st, 2025. Through its Delaware business unit, First State Compassion (FSC), which has been the state's first licensed operator for 10 years, MariMed has already implemented improvements at its dispensaries in Wilmington and Lewes to handle increased customer traffic.
The company has begun scaling production at its cultivation and processing facilities in Wilmington and Milford to meet anticipated demand from both residents and the nearly 30 million annual tourists. MariMed's product portfolio in Delaware includes Betty's Eddies chews, currently the state's top-selling edible, along with FSC and Nature's Heritage flower brands, both ranking in the top five.
[ "First-mover advantage as Delaware's first licensed cannabis operator", "Strategic positioning with two dispensary locations in Wilmington and Lewes", "Market leadership with top-selling products including #1 edible brand", "Access to potential market of 30 million annual tourists", "Facilities already upgraded to handle increased customer traffic" ]Positive
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News Market Reaction – MRMD
In the trading session that priced this news, MRMD gained 30.43%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NORWOOD, Mass., July 01, 2025 (GLOBE NEWSWIRE) -- Following today’s announcement that Delaware will commence adult-use sales of cannabis, MariMed CEO Jon Levine released the following statement:
“We are excited to participate in the expansion of Delaware’s cannabis program to include adult-use sales. Our Delaware business unit, First State Compassion (“FSC”), was the first licensed operator in the state 10 years ago, and since then we have proudly served the state’s medical cannabis patients. The investments we’ve made in our facilities, brands, and employees have positioned us to be the leader in what promises to be a strong, high-growth cannabis market.
“We are looking forward to opening our doors to many more residents and the nearly 30 million tourists who visit the state annually. In anticipation of this expansion, we have already made improvements at both of our two FSC dispensaries in Wilmington and Lewes. They ensure we can easily manage the increased customer traffic and continue to deliver the exceptional experience and product selection that our customers love about visiting an FSC location.
“In order to meet this rise in demand, we have also begun scaling production at our cultivation and processing facilities in Wilmington and Milford. That includes Betty’s Eddies chews, the number one edible in the state, and our FSC and Nature’s Heritage flower brands, which are both top five sellers.
“We thank State Representative Osienski, State Senator Paradee, State Senator Hoffner, and Marijuana Commissioner Sanderlin for their leadership in growing Delaware’s cannabis industry in a safe and responsible manner for both consumers and operators.”
About MariMed
MariMed Inc. is a leading multi-state cannabis operator, known for developing and managing state-of-the-art cultivation, production, and retail facilities. Our award-winning portfolio of cannabis brands, including Betty's Eddies™, Bubby’s Baked™, Vibations™, InHouse™, and Nature’s Heritage™, sets us apart as an industry leader. These trusted brands, crafted with quality and innovation, are recognized and loved by consumers across the country. With a commitment to excellence, MariMed continues to drive growth and set new standards in the cannabis industry. For additional information, visit www.marimedinc.com.
Media Contact:
Zach Galasso
DPA Communications
Email: zach@dpacommunications.com
Phone: (978) 604-5423
Company Contact:
Howard Schacter
Chief Communications Officer
Email: hschacter@marimedinc.com
Phone: (781) 277-0007
