US: MariMed To expand brand distribution To New York

MariMed has announced a licensing agreement with Farm 2 Hand, a New York State cannabis license holder, that will introduce the Company's top-selling portfolio of products throughout New York State. Terms of the agreement were not disclosed.

Farm 2 Hand intends to manufacture and distribute a variety of MariMed's edibles products as permitted under New York regulations. Those are initially expected to include Betty's Eddies fruit chews; Bubby's Baked baked goods; and InHouse gummies. The products will be produced in a new kitchen that MariMed will design and equip for Farm 2 Hand at Farm 2 Hand's Bronx production facility.

"Expanding the availability of our brands to the Empire State and its $6 billion total addressable market marks a significant step forward in our plan to own top-selling cannabis brands across the U.S.," said MariMed CEO Jon Levine. "The addition of New York to our distribution footprint will help drive wholesale revenue and being in the nation's top media and influencer market will also help increase national awareness for our brands."