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Benzinga
Benzinga
Business
Vuk Zdinjak

MariMed Closes Acquisition Of Illinois Craft Cannabis License, Here Is What You Need To Know

MariMed Illinois IL MRMD MariMed Inc.

MariMed, Inc. (OTCQX:MRMD) has closed its acquisition of Green Growth Group, Inc.

The close of this transaction enables MariMed to add cultivation, manufacturing, and distribution to its existing retail cannabis operations in Illinois. MariMed will bring its full product portfolio to one of the top cannabis markets in the United States. The company has commenced development of a state-of-the-art cultivation and processing facility in Mt. Vernon, IL and anticipates commencing operations in the fourth quarter of 2022.

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