MariMed to Acquire Illinois Craft Cannabis License

NORWOOD, Mass., Jan. 18, 2022 – PRESS RELEASE – MariMedInc., a leading multistate cannabis operator focused on improving lives every day, announced it signed a definitive agreement to acquire Green Growth Group Inc., holder of a provisional cannabis craft license in Illinois. This transaction will enable MariMed to add cultivation, manufacturing and distribution to its existing retail cannabis operations in the state. “This acquisition allows MariMed to be a vertically integrated cannabis operator in Illinois, where we already operate four high-performing Thrive-branded dispensaries,” MariMed CEO Bob Fireman said. A transportation license also being acquired will enable the company to wholesale its products throughout Illinois. With a population of nearly 13 million, approximately 110 operational dispensaries, and $1.8 billion in legal cannabis sales, Illinois is one of the largest, fastest-growing cannabis markets in the U.S.