Investor Ideas #Potcasts 594, #Cannabis News and #Stocks on the Move; Interview with CEO/Co-Founder and COO of Marimed Inc. (OTCQX: $MRMD)
Delta, Kelowna, BC, August 10, 2021 (Investorideas.com Newswire)
www.Investoride, as.com, a global news source covering leading sectors
including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast
edition of cannabis news and
stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2021/081021-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2021/cannabis-potcasts/08101Interview-MRMD.asp
Hear Investor ideas cannabis potcast on iTunes
Hear the investor ideas potcast on Spotify
Today’s podcast overview/transcript:
Good
afternoon and welcome to another episode of Investorideas.com
"Potcast" featuring cannabis news, stocks to watch as well as
insights from thought leaders and experts.
In
today’s podcast Investorideas interviews Bob Fireman, CEO and Co-Founder, as
well as Tim Shaw, COO of Marimed Inc.
(OTCQX:
MRMD) where we discussed the company’s most recent developments,
how the company has evolved over the past year and half, what separates them
from their competitors with regards to business strategy and cultivation as
well as what is on the horizon with regards to product development and
expansion.
Robert Fireman is an attorney, entrepreneur, and builder of
new and innovative businesses across a variety of industries. Mr. Fireman has
been instrumental in the development of the Company's business, strategic
planning, and management team.
Tim Shaw is a specialist in state-of-the-art cannabis
facility design and cultivation system management. With Tim having specific
expertise in agriculture and hydroponics, he helps drive the next generation
cultivation processes to maintain industry edge.
When asked about what separates Marimed from some of their
competitors within the space with regards to quality and cultivation, Shaw
commented, “So starting off with cultivation, our cultivation techniques are
craft cannabis on a commercial scale. We use very high quality ingredients,
nutrients and hands-on techniques while maintaining efficiency, so keeping our
cost down but with the highest quality coming out of the plants. We respect the
plant and give it everything it needs as mother nature intended to. We’ve got a
large library of strains, touching each variant of profile that could help any
patient or customer alike and that flows right into our products, such as our
oils and Betty’s Eddies.”
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."
Shaw and Fireman
commented on how the are able to put equal efforts into both their medicinal
and recreational offerings and how this affects product development.
“Identifying the
patient or customer, that walks into the facility, and really getting to know
what their expectations are, and helping them understand what’s gonna help them
not go too fast, it really has to do with education. Our products have both low
dose, microdose and high dose so that you can enjoy the same great product with
multiple doses” commented Shaw.
“What’s needed in
the cannabis industry is more data. Because there is no large retailer with
hundreds of stores in a single database, we need to know when Patient X walks
in to the dispensary looking for a result when they come back, how did it work?
So what our industry really needs is more data research on follow up that is
done in other industries. A lot of the expertise of the Marimed team is taking
acumen from other industries and really creating that one to one relationship
with the customer to provide ongoing education and relief. It’s very important
to us,” conclude Fireman.
The company recently announced
a joint collaboration with the legendary Boston ice cream brand Emack &
Bolio’s®.
MariMed and the
ice cream magicians at Emack & Bolio’s will create a line-up of
cannabis-infused vegan and dairy ice cream in outrageous flavors. The ice cream
will contain MariMed’s superior formulations that include the same full
spectrum of natural cannabinoids and terpenes from whole plants as are used in
MariMed’s award-winning brands, such as Betty’s Eddies™ and K Fusion™.
This innovative
new category of cannabis products is expected to debut in Massachusetts this
year, followed by launches in other legal cannabis markets.
Emack &
Bolio’s was founded in 1975 by Boston music attorney Bob Rook as a place for
his rock star clients to satisfy their midnight munchies after their late-night
gigs. Aerosmith, Boston, U2, James Brown and The Cars were some of the groups
Rook worked with back in the day. Emack & Bolio’s has evolved into a cult
favorite in Massachusetts and in stores around the world.
“This partnership
is gonna ROCK,” said Bob Rook, CEO and Creator of Emack & Bolio’s. “The
combination of our unique flavors with MariMed’s cannabis expertise is a
natural. There is a good vibe between our companies, and our vision is the
same. I've been wanting to do this since 1975. As the Grateful Dead said, ‘What
a long, strange trip it's been.’”
“We’ve taken
great care to grow MariMed infused products to become top-selling brands, with
much of our success the result of a craft-like approach to cultivation that is
unlike most other national cannabis companies,” said MariMed CEO and President
Bob Fireman. “We’re excited to bring our unique formulations and technologies
to a collaboration with a brand partner like Emack & Bolio’s, which has
such a fantastic history.”
MariMed Chief
Products Officer and SVP/Sales Ryan Crandall commented, “Ice cream and cannabis
would seem like a natural pairing but deciding to launch this product line now
– particularly with the inclusion of vegan SKUs – was driven by the consumer
insights that our R&D team is always studying to identify trends that can
drive our innovation.”
Crandall points
to market intelligence company Mordor Intelligence, whose recent study
determined that the anticipated 3 percent growth in the ice cream market over
the next four years will be driven by “better for you” product options made of
natural flavors, natural sweeteners, and handcrafted ice cream.
Shaw and Fireman
continued to discuss the last year and a half of the cannabis industry during
COVID, how this affected the company’s financials as well as R & D and what
is on the horizon for the industry coming out of COVID restrictions.
MariMed Inc. will
be holding a conference call on Tuesday, August
17, 2021 at 8:00 a.m. ET to discuss its results for the second quarter ended
June 30, 2021.
To find our more information about
Marimed Inc. visit their website here.
Investor ideas reminds all
listeners to read our disclaimers and disclosures on the Investorideas.com
website and that this podcast is not an endorsement to buy products or services
or securities. Investors are reminded all investment involves risk and possible
loss of investment.
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