MariMed has signed a definitive agreement to license its market leading brands and products, Betty’s Eddies and Kalm Fusion, to Tropizen of Puerto Rico. Additionally, MariMed will become a licensee to manufacture and distribute Tropizen’s tropical products, Pique hot sauce and Real Fruit Gummies in the six states that MariMed serves in the US. The companies are in final review of production requirements to set launch dates for each product by territory.
“MariMed’s Product Division intends to expand its distribution of its cannabis brands to all legal states.” stated Bob Fireman, MariMed CEO. “This new territory expansion is the next step in executing our strategy to focus on branded products that deliver real benefits to patients and consumers combined with thoughtful ingredients and great flavors people can enjoy. We are very excited to deliver our leading brands to the patients in Puerto Rico and partner with such an excellent organization in Tropizen.”
Tropizen CEO Jay Meistrell added “We are excited to partner with MariMed to introduce the mainland to our Caribbean-inspired products made with locally-sourced Puerto Rican ingredients and recipes. Tropizen expects MariMed’s products to do very well in Puerto Rico because they have flavorful, effective products we expect to be in high demand with patients.”