MariMed, Inc. (OTCQX: MRMD) (the “Company” or “MariMed”), a multi-state cannabis operator focused on health and wellness, has announced that its award-winning Betty’s Eddies brand is now available for purchase at licensed retailers in Maine. Betty’s Eddies launches in Maine with a reformulated, softer chew that will be rolled out across additional markets this year.
MariMed’s Betty’s Eddies edibles were one of the first vegan products to be introduced to the cannabis industry and were included in Pioneer Intelligence’s 2020 Top 25 Hottest U.S. Edibles Brands. They are infused with full-spectrum cannabis oil for a complete entourage effect experience and made with organically-grown fruits and vegetables. The Company is expanding access to Betty’s Eddies to meet the increasing consumer demand for all-natural, vegan products.
“Betty’s Eddies is one of the most popular cannabis edible brands in the U.S. and MariMed remains committed to product innovation to meet evolving consumer preferences,” said Bob Fireman, CEO of MariMed. “Today, consumers prefer products thoughtfully made with natural ingredients – ingredients they can pronounce and are familiar with. MariMed is one of the few cannabis companies currently providing products that meet those needs in the form of a delicious, vegan edible. This is another step in our strategy to expand MariMed brands into markets that offer unique opportunities to generate revenues and better serve our customers.”
Between January and October 2020, medical marijuana sales in Maine reached $221.8M, making cannabis Maine’s most valuable crop even before adult-use sales launched on October 9, 2020. The state’s recreational cannabis market sold $1.4M worth of product in the month following legal sales. Adult-use cannabis sales continue to climb in the state, with a total of $2.5M in sales in January 2021, up $500k from the previous month.
In addition to Maine, Betty’s Eddies chews are available for sale at more than 250 licensed medical and adult-use cannabis dispensaries in Maryland, Massachusetts, Nevada, Rhode Island, and Puerto Rico.