MariMed Inc. engages in cultivation, production, and dispensing of medicinal and recreational cannabis in the United States and internationally. The company offers cannabis genetics produce flowers and concentrates under the Nature's Heritage brand; cannabis-infused products in the form of chewable tablets and powder drink mixes under the brand Kalm Fusion; natural fruit chews under the Betty's Eddies brand; brownies, cookies, and other social sweets under the Bubby's Baked brand; and cannabidiol formulations under the Florance brand. It also licenses its brands and product formulations, as well as leases cannabis facilities. MariMed Inc. was incorporated in 2011 and is based in Norwood, Massachusetts.
Revenue of MariMed Inc. (MRMD)
Revenue in 2023 (TTM): $148.6 M
According to MariMed Inc.'s latest financial reports the company's current revenue (TTM) is $148.6 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of MariMed Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $148.6 M | $43.31 M | $23.65 M | $-6,596,000 | $-16,030,999 |
| 2022 | $134.01 M | $63.96 M | $30.63 M | $19.51 M | $13.47 M |
| 2021 | $121.46 M | $66.26 M | $31.93 M | $23.82 M | $7.23 M |
| 2020 | $50.9 M | $31.32 M | $17.87 M | $4.5 M | $2.14 M |
| 2019 | $45.6 M | $18.7 M | $-20,116,842 | $-81,880,925 | $-66,518,085 |
| 2018 | $11.85 M | $7.81 M | $-2,819,258 | $-13,308,673 | $-13,604,068 |
| 2017 | $6.07 M | $3.51 M | $490.34 K | $-1,029,062 | $-1,194,083 |
| 2016 | $3.56 M | $2.21 M | $933.98 K | $321.17 K | $-198,852 |
| 2015 | $1.27 M | $-33,537 | $-428,423 | $-1,846,903 | $-1,215,333 |
| 2014 | $88.38 K | $-101,781 | $-797,348 | $-7,421,291 | $-7,219,541 |
| 2013 | $904 | $-25,381 | $-580,682 | $-535,606 | $-535,607 |
| 2012 | $785 | $-19,163 | $-740,034 | $-809,540 | $-809,540 |
| 2011 | $125.61 K | $102.58 K | $-369,910 | $-377,410 | $-377,410 |