MariMed Inc.

MariMed Inc.verified

MRMD

Price:

$0.163

Market Cap:

$62.04M

MariMed Inc. engages in cultivation, production, and dispensing of medicinal and recreational cannabis in the United States and internationally. The company offers cannabis genetics produce flowers and concentrates under the Nature's Heritage brand; cannabis-infused products in the form of chewable tablets and powder drink mixes under the brand Kalm Fusion; natural fruit chews under the Betty's Eddies brand; brownies, cookies, and other social sweets under the Bubby's Baked brand; and cannabidiol formulations under the Florance brand. It also licenses its brands and product formulations, as well as leases cannabis facilities. MariMed Inc. was incorporated in 2011 and is based in Norwood, Mas...[Read more]

Industry

Drug Manufacturers - Specialty & Generic

IPO Date

2012-08-03

Stock Exchange

PNK

Ticker

MRMD

The Current Ratio as of November 2024 (TTM) for MariMed Inc. (MRMD) is 1.30

According to MariMed Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.30. This represents a change of -12.41% compared to the average of 1.49 of the last 4 quarters.

MariMed Inc. (MRMD) Historical Current Ratio (quarterly & annually)

How has MRMD Current Ratio performed in the past?

The mean historical Current Ratio of MariMed Inc. over the last ten years is 0.95. The current 1.30 Current Ratio has changed 13.64% with respect to the historical average. Over the past ten years (40 quarters), MRMD's Current Ratio was at its highest in in the March 2023 quarter at 2.42. The Current Ratio was at its lowest in in the June 2015 quarter at 0.12.

Quarterly (TTM)
Annual

Average

0.95

Median

0.81

Minimum

0.20

Maximum

1.67

MariMed Inc. (MRMD) Current Ratio by Quarter and Year

Discovering the peaks and valleys of MariMed Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.81%

Maximum Annual Current Ratio = 1.67

Minimum Annual Increase = -87.35%

Minimum Annual Current Ratio = 0.20

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.67-0.00%
20221.671.69%
20211.6480.89%
20200.91350.99%
20190.20-87.35%
20181.59381.43%
20170.33-14.08%
20160.38-2.94%
20150.40-45.04%
20140.721.81%

MariMed Inc. (MRMD) Average Current Ratio

How has MRMD Current Ratio performed in the past?

The current Current Ratio of MariMed Inc. (MRMD) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.66

5-year avg

1.22

10-year avg

0.95

MariMed Inc. (MRMD) Current Ratio vs. Peers

How is MRMD’s Current Ratio compared to its peers?

MariMed Inc.’s Current Ratio is greater than Verano Holdings Corp. (0.99), less than Cresco Labs Inc. (2.00), less than Ayr Wellness Inc. (1.75), greater than Green Thumb Industries Inc. (1.09), greater than Columbia Care Inc. (1.17), less than Trulieve Cannabis Corp. (5.10), greater than Goodness Growth Holdings, Inc. (0.80), greater than Grown Rogue International Inc. (0.80), greater than SLANG Worldwide Inc. (0.37), greater than Body and Mind Inc. (0.46), greater than Cansortium Inc. (0.26), greater than TILT Holdings Inc. (0.55), greater than Lowell Farms Inc. (1.14), less than Vext Science, Inc. (1.58),

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