MariMed, Inc. has appointed Jon Levine as president, effective immediately.
Levine co-founded MariMed with CEO Bob Fireman over a decade ago. The two executives, with Chief Operating Officer Tim Shaw, built the foundation of the business. Levine’s sound financial discipline as chief financial officer enabled MariMed to deliver strong financial results. He advanced to the position of chief administration officer, with responsibility for the company’s sales, marketing, operations, financial reporting, and communications functions.
“I am thrilled to announce Jon’s appointment as president of the company, a role that includes his continued oversight of the day-to-day management of the company,” Fireman said. “Jon will also assist me with our capital market activities and public appearances, enabling me to focus more on evolving our proven strategic and growth plans as the cannabis industry landscape continues to change. The consolidation in the cannabis industry and other factors have opened new opportunities for MariMed to expand and grow at an accelerated pace. With a deep and experienced management team, great brands, and a strong balance sheet, we are poised to seize these opportunities.”
“I am so proud of the company that Bob and I have built, and the great team that has helped us achieve our success to date,” Levine added. “I look forward to our next chapter of the journey as president of MariMed.”
MariMed also announced plans to bring its portfolio of edibles to the Missouri market. The company will develop and manage a state-of-the-art production kitchen. MariMed anticipates completion of the facility in the first quarter of 2023, with wholesale sales to commence thereafter.
MariMed intends to manufacture and distribute a selection of its brands and products throughout Missouri, including its Betty’s Eddies fruit chews, its Bubby’s Baked soft and chewy baked edibles, and its Vibations: High + Energy powder drink mixes.
“I am delighted to announce our management contract in the state of Missouri that will facilitate the distribution of our products in this emerging cannabis market,” Fireman said. “Expanding our operations to increase distribution of our award-winning brands aligns with our strategic growth plan and delivers on another shareholder commitment. We, as well as the polls, expect voters to approve adult-use sales on the ballot initiative this fall, which we believe will catapult Missouri to become a leading cannabis market in the U.S.”