MariMed (OTCMKTS:MRMD) Issues Quarterly Earnings Results

MariMed (OTCMKTS:MRMD) announced its earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01), Zacks reports. MariMed had a negative net margin of 10.97% and a negative return on equity of 2.75%.

MariMed Stock Up 1.9 %

OTCMKTS MRMD opened at $0.12 on Thursday. MariMed has a twelve month low of $0.11 and a twelve month high of $0.34. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.73 and a current ratio of 1.55. The stock has a market cap of $43.87 million, a PE ratio of -2.88 and a beta of 2.69. The firm has a 50-day simple moving average of $0.12 and a 200 day simple moving average of $0.15.

About MariMed

MariMed Inc engages in cultivation, production, and dispensing of medicinal and recreational cannabis in the United States and internationally. The company sells flowers and concentrates under the Nature’s Heritage brand; and soft and chewy baked goods and a hot chocolate mix under Bubby’s Baked brand; and drink mix under Vibations brand.