MariMed Inc. (OTCPK:MRMD) entered into a definitive agreement to acquire Operating assets of Our Community Wellness & Compassionate Care Center, Inc. for $5.3 million on February 1, 2024. The purchase consideration is comprised of $2 million of cash in the aggregate, a $2 million note to be issued to the sellers at the time of closing, and shares of MariMed's common stock with a fair value of $1.25 million based on a formulaic calculation, to be issued at the time of closing. Transaction is subject to approval by the Maryland Cannabis Administration. MariMed expects this acquisition to be completed in 2024.

MariMed Inc. (OTCPK:MRMD) completed the acquisition of Operating assets of Our Community Wellness & Compassionate Care Center, Inc on April 9, 2024.