6,000 sq. ft. storefront will be the first and only dispensary in City of Metropolis
NORWOOD, Mass., April 29, 2021 /CNW/ – MariMed, Inc. (OTCQX: MRMD) (the “Company” or “MariMed”), a leading multi-state cannabis operator focused on health and wellness, has announced it will open its fourth adult-use Illinois dispensary in the City of Metropolis under its Illinois “Thrive” retail brand. This new store will open on May 5th with a ribbon-cutting celebration featuring Metropolis Mayor Billy McDaniel.
Located at 1551 East 5th Street, Thrive Metropolis, which is situated close to the Illinois/Kentucky border, is expected to be one of MariMed’s most successful dispensaries. It will benefit from being the first dispensary located in (and the only one the city intends to license) the hometown of legendary DC Comics superhero Superman. Metropolis is a mecca for legions of fans who flock to the city annually to visit the Super Museum and sites made famous by Clark Kent, Jimmy Olsen and their friends. The city also generates significant tourism traffic to Harrah’s riverboat casino and the popular Fort Massacre campgrounds.
“We are thrilled to bring the first adult-use cannabis dispensary to Metropolis and are incredibly grateful for their unwavering support throughout the development process,” said Bob Fireman, CEO of MariMed. “Illinois has been a very strong market for MariMed and our other three dispensaries in the state. We anticipate Thrive Metropolis will be another strong performer, helping us seize. the robust southern Illinois cannabis market opportunity. The opening of this dispensary is the latest advancement in our strategic plan to grow our footprint in markets that offer unique opportunities to generate significant revenues.”
“The City of Metropolis warmly welcomes MariMed and Thrive Metropolis to our community and we look forward to a long, healthy and prosperous relationship,” said Mayor Billy McDaniel. “MariMed has been successfully