| Source: MariMed Inc.
- Closes $13.0 million mortgage-backed refinancing at 6.5%
- Retires $7.3 million of short-term higher rate debt
- Revenues and cash flow from consolidated cannabis operations continue to increase
NORWOOD, Mass., July 23, 2020 (GLOBE NEWSWIRE) — MariMed Inc. (OTCQX: MRMD) (the Company or MariMed), a leading multi-state cannabis and hemp operator focused on health and wellness, today announced that it has completed actions to restructure its debt, which will reduce interest costs while maximizing financial flexibility.
The Company closed a $13.0 million mortgage-back refinancing secured by its Massachusetts real estate, replacing a $4.8 million mortgage secured by one of the properties. This…
Read the full article at: https://www.globenewswire.com/news-release/2020/07/23/2066660/0/en/MariMed-Announces-Debt-Restructuring-Actions-and-Improved-Revenues-and-Cash-Flow.html