MARIMED INC
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
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Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(in thousands, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $7,282 | $14,645 |
| Accounts receivable, net | 8,742 | 7,199 |
| Inventory | 33,488 | 25,306 |
| Deferred rents receivable | 556 | 630 |
| Notes receivable, current portion | 52 | 52 |
| Investments, current portion | — | 88 |
| Other current assets | 3,389 | 3,512 |
| Total current assets | 53,509 | 51,432 |
| Property and equipment, net | 94,167 | 89,103 |
| Intangible assets, net | 18,639 | 17,012 |
| Goodwill | 15,812 | 11,993 |
| Investments, net of current portion | — | 221 |
| Notes receivable, net of current portion | 840 | 814 |
| Operating lease right-of-use assets | 8,730 | 9,716 |
| Finance lease right-of-use assets | 4,073 | 3,295 |
| Other assets | 11,219 | 12,537 |
| Total assets | $206,989 | $196,123 |
| Liabilities, mezzanine equity and stockholders’ equity | ||
| Current liabilities: | ||
| Mortgages and notes payable, current portion | $5,126 | $723 |
| Accounts payable | 13,189 | 9,001 |
| Accrued expenses and other | 4,435 | 3,549 |
| Income taxes payable | 21,922 | 14,434 |
| Operating lease liabilities, current portion | 1,988 | 1,945 |
| Finance lease liabilities, current portion | 2,018 | 1,210 |
| Total current liabilities | 48,678 | 30,862 |
| Mortgages and notes payable, net of current portion | 69,860 | 65,652 |
| Operating lease liabilities, net of current portion | 7,549 | 8,455 |
| Finance lease liabilities, net of current portion | 1,926 | 2,140 |
| Other liabilities | 100 | 100 |
| Total liabilities | 128,113 | 107,209 |
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Commitments and contingencies | ||
| Mezzanine equity: | ||
| Series B convertible preferred stock, $0.001 par value; 4,908,333 shares authorized, issued and outstanding at December 31, 2024 and 2023 | 14,725 | 14,725 |
| Series C convertible preferred stock, $0.001 par value; 12,432,432 shares authorized; 1,155,274 shares issued and outstanding at December 31, 2024 and 2023 | 4,275 | 4,275 |
| Total mezzanine equity | 19,000 | 19,000 |
| Stockholders’ equity: | ||
| Undesignated preferred stock, $0.001 par value; 32,659,235 shares authorized; zero shares issued and outstanding at December 31, 2024 and 2023 | — | — |
| Common stock, $0.001 par value; 700,000,000 shares authorized; 381,476,581 and 375,126,352 shares issued and outstanding at December 31, 2024 and 2023, respectively | 381 | 375 |
| Additional paid-in capital | 173,366 | 171,144 |
| Accumulated deficit | (112,119) | (99,955) |
| Noncontrolling interests | (1,752) | (1,650) |
| Total stockholders’ equity | 59,876 | 69,914 |
| Total liabilities, mezzanine equity, and stockholders’ equity | $206,989 | $196,123 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.