Diversified Revenue MixA near-even split between wholesale and retail revenue reduces single-channel exposure and supports more stable top-line performance. Growing wholesale (11% YoY) leverages MariMed’s production capabilities and proprietary brands to scale distribution without proportional retail capex.
Multi-state Footprint & Brand PositionOperating across multiple states (IL, MA, DE and others) and holding leading share in Delaware provides regulatory diversification and local market leadership. This footprint supports durable market access, cross-state brand rollouts, and resilience to single-state regulatory volatility.
Improving Cash Generation And Cost ControlMaterial improvement in operating cash flow (from $0.3M to $2.7M) alongside lower operating expenses and a positive cash balance indicates better cash conversion and discipline. That strengthens the company’s ability to fund operations and invest without immediate external financing.