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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 closed a $58.7 million secured credit facility with a US chartered bank on November 17, 2023.</li><li>The refinancing will result in a $4.7 million reduction to principal and interest expense in the first 12 months and $3.5 million annually for the next four years.</li><li>MariMed estimates its new weighted average cost of debt is now about 8%, down from more than 11% previously.</li></ul>

MariMed closed a $58.7 million secured credit facility with a US chartered bank on November 17, 2023.The refinancing will result in a $4.7 million reduction to principal and interest expense in the first 12 months and $3.5 million annually for the next four years.MariMed estimates its new weighted average cost of debt is now about 8%, down from more than 11% previously.

MariMed, Inc. - Closes $58.7 Million Debt Refinancing