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Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<ul><li>MariMed report 3Q revenue of $38.8 million, which was slightly ahead of our estimate of $38.5 million.</li><li>This represents a 6.3% increase Q/Q and a 14.4% improvement Y/Y.</li><li>The revenue increase was driven primarily by Maryland. MariMed has a dispensary in Annapolis that converted to adult-use on July 1 and sales grew 88% Q/Q. </li></ul>

MariMed report 3Q revenue of $38.8 million, which was slightly ahead of our estimate of $38.5 million.This represents a 6.3% increase Q/Q and a 14.4% improvement Y/Y.The revenue increase was driven primarily by Maryland. MariMed has a dispensary in Annapolis that converted to adult-use on July 1 and sales grew 88% Q/Q. 

MariMed, Inc. - 3Q23 Revenue Exceeds Estimates; Adjusted EBITDA In Line