MariMed Empowers Executive Leadership Team to Support

Jon Levine Promoted to Government Chairman
Susan Villare appointed Chief Monetary Officer

NORWOOD, Mass., 12 Might 2022 (GLOBE NEWSWIRE) — MariMed Inc. (OTCQX: MRMD) (“MariMed” or “The Firm”), a number one multi-state hashish operator targeted on enhancing lives on daily basis, introduced at the moment the appointment of Jon Levine to the brand new Chief Government Officer (“CAO”) position, efficient Might 12, 2022. Appointment of Susan Villare as Chief Monetary Officer (“CFO”). Strengthening MariMed’s management staff will allow the Firm to function extra successfully. implement the strategic development plan and consolidate MariMed’s standing as a number one nationwide hashish firm.

Mr. Levine co-founded MariMed with Chief Government Officer Bob Fireman. As the corporate’s CFO, he offered the monetary self-discipline wanted to make MariMed an business chief. The corporate’s finance and accounting groups, operations, gross sales and advertising, and exterior communications will now report back to Mr. Levine as CAO.

Susan Villare is a CPA and finance govt with almost 30 years of expertise main international and nationwide organizations via transformations and dynamic development. Most just lately, Ms Villare was Senior Vice President and Treasurer of Monetary Planning and Evaluation for Ribbon Communications (NASDAQ: RBBN) and Chief Monetary Officer and different senior monetary management positions for private and non-private corporations together with BigBand Networks, Burst Media, MatrixOne. discovered. and Value Waterhouse. He holds a level in accounting from Boston Faculty and is expert in monetary reporting and evaluation, mergers and acquisitions, ERP purposes, investor relations, and extra.

Bob Fireman, Chief Government Officer, mentioned, “Jon has been a driving pressure behind MariMed’s success over the previous decade, together with by positioning us financially to attain our bold development targets. Serving to to steer MariMed into the subsequent section of our promising future.” can now tackle a better position to make use of its ten years of hashish administration and operations expertise for

“I’m excited to tackle this expanded position at MariMed, which is basically doable as a result of we welcome such a proficient govt to tackle our CFO position,” mentioned Jon Levine. “Susan’s expertise in managing and analyzing advanced monetary and accounting knowledge and negotiating and integrating dozens of acquisitions throughout high-growth industries might be invaluable as we enter the subsequent section of MariMed’s development technique.”

About MariMed
MariMed Inc., a multi-state hashish operator, is dedicated to enhancing lives on daily basis via its high-quality merchandise, actions and values. The corporate develops, owns and manages state-licensed hashish vegetation from seed to sale, that are fashions of excellence in horticultural rules, hashish cultivation, hashish grafted merchandise, and dispensary operations. MariMed has an skilled administration staff that ensures regular development and success for the Firm and its managed enterprise items. Proprietary formulations created by the corporate’s technicians are embedded in its best-selling and award-winning merchandise and types. Betty’s Eddies, Nature’s Heritage, Bubby’s Baked, Okay Fusion, Kalm Fusionand Vibrations: Excessive + Power. For extra info, go to www.marimedinc.com.

Investor Relations Contact:
Steve West
Vice President, Investor Relations
E mail: ir@marimedinc.com

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