NEWTON, Mass., Nov. 16, 2017 (GLOBE NEWSWIRE) — MariMed Inc., (OTCQB:MRMD) today announced it has acquired the rights to the intellectual property (IP), formulations, recipes, proprietary equipment, and know how of Betty’s Eddies from Icky Enterprises LLC. Betty’s Eddies is a line of fruit chews handcrafted and naturally sweetened with the finest all natural ingredients and non-GMO organic fruits and vegetables. MariMed has had great customer response to Betty’s Eddies in select markets and felt it best to acquire the rights at this time in exchange for cash, royalties and MariMed stock. The acquisition enables MariMed to further expand its innovative, industry-leading Kalm Fusion™ precision dosed medical cannabis-infused product line.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3a7c2162-cca8-4f60-9f09-a75df0393dc8
“MariMed is pushing the cannabis industry to higher standards with products requiring precision