MARIMED INC

For the period ended Dec 31, 2023. Filed Mar 7, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 7, 2024

MRMDStored price and day change unavailable

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Stockholders’ Equity

(in thousands, except share amounts)

Common stock · Common stock subscribed but not issued · Additional paid-in capital · Accumulated deficit · Non-controlling interests · Total stockholders' equity
Shares · Par Value · Shares · Amount
Balances at January 1, 2022	334,030,348	$334		—		$—		$134,920		$(97,392)		$(1,563)		$36,299
Release of shares under stock grants	402,203	—		—		—		—		—		—		—
Exercise of stock options	55,000	—		—		—		10		—		—		10
Cashless exercise of stock options	200,000	—		—		—		—		—		—		—
Cashless exercise of warrants	317,298	—		—		—		—		—		—		—
Forfeiture of restricted shares	(32,609)	—		—		—		—		—		—		—
Conversion of promissory notes to common stock	1,142,858	1		—		—		399		—		—		400
Common stock issued to settle obligations	375,000	—		—		—		275		—		—		275
Common stock issued under licensing agreement	218,345	—		—		—		121		—		—		121
Common stock issued to purchase property and equipment	422,535	1		—		—		299		—		—		300
Common stock issued as purchase consideration - Green Growth Group Inc.	2,343,750	3		—		—		1,497		—		—		1,500
Common stock issued as purchase consideration - Greenhouse Naturals LLC	2,000,000	2		—		—		710		—		—		712
Purchase of minority interests in certain of the Company's subsidiaries	—	—		—		—		(2,165)		—		165		(2,000)
Distributions to noncontrolling interests	—	—		—		—		—		—		(259)		(259)
Stock-based compensation	—	—		70,000		39		6,299		—		—		6,338
Net income	—	—		—		—		—		13,468		146		13,614
Balances at December 31, 2022	341,474,728	$341		70,000		$39		$142,365		$(83,924)		$(1,511)		$57,310
Common stock subscribed but not issued	—	—		5,025		2		—		—		—		2
Issuance of subscribed shares	75,025	—		(75,025)		(41)		41		—		—		—
Release of shares under stock grants	599,999	1		—		—		(1)		—		—		—
Exercise of stock options	487,752	—		—		—		109		—		—		109
Warrants issued in connection with debt	—	—		—		—		5,454		—		—		5,454
Conversion of preferred stock to common stock	25,304,710	25		—		—		18,700		—		—		18,725
Common stock issued to settle obligations	400,000	—		—		—		160		—		—		160
Common stock issued under licensing agreement	13,007	—		—		—		5		—		—		5
Common stock issued to purchase property and equipment	740,741	1		—		—		299		—		—		300
Common stock issued as purchase consideration - Ermont Inc.	6,580,390	7		—		—		2,987		—		—		2,994
Purchase of minority interest in a subsidiary of the Company	450,000	1		—		—		4		—		(5)		—
Common stock returned to the Company in connection with a cancelled transaction	(1,000,000)	(1)		—		—		1		—		—		—
Distributions to noncontrolling interests	—	—		—		—		—		—		(158)		(158)
Stock-based compensation	—	—		—		—		1,020		—		—		1,020
Net income	—	—		—		—		—		(16,031)		24		(16,007)
Balances at December 31, 2023	375,126,352		$375		—		$—		$171,144		$(99,955)		$(1,650)		$69,914

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.