Marimed closes acquisition of Thrive Dispensary in Casey, Illinois

MariMed announced the closing of its acquisition of Allgreens Dispensary on April 9, 2024. The approval of the license transfer by the Illinois Department of Financial & Professional Regulation, and subsequent closing of the acquisition, allows MariMed to fully consolidate the financial results of the Company’s Thrive-branded dispensary in Casey, Illinois, which had previously been operated under a Managed Services Agreement. Thrive Casey is the only dispensary in Clark County, Illinois, 30 miles west of Terre Haute, Indiana. The Company continues to look for additional retail locations in Illinois, where adult-use cannabis sales exceeded $1.6 billion last year.