Thank you, Steve, good and morning everyone.
we produce report another the strongest a slowdown positive results industry. the Despite financial will delighted to financial only reporting nationwide consecutive to we is of the and our report it. sales, than but met year, cannabis Jon during that of not but XXXX at revenue We and MariMed and quarter of provide more headline earnings. which in year the increased guidance, a We second we is doubling full our beat are some year in MariMed. details, continued
We quality day, grind the MSO, top flashiest we are biggest, flower however, out products. cannabis it not producing every on and the focused
team Our an environment throughout improving that of experienced while disciplines through team units, executing mission built our supports have and plan. people management excellence values. validated financial our all and culture the lives maintain our our we In amazing growth strategic business an actions operational strict products, of and of
the past all progress make four to growth we of strategic months, continued our have across Over XX pillars plan. significant
First to completed licensed way Massachusetts include cannabis pillar for is agreement say developed pleased our recently businesses clients. to and announced is and cannabis license I'm on Maryland been to an states have Illinois consolidate managed we the the we and as Therapeutics profits to cannabis help Kind USA, revenue the able in state. we build that the will State reporting. transfer, in and then high we be Cannabis business financial our Commission purchase growth the approves vertical managed and When its
and pillar operate. for our This increased expand technology second which wholesale assets in retail we've our that and to business flower in is our new a revenue. led to In Our Massachusetts at facility productivity products. added infused increased manufacturing states we
growth of generate retail the to Expanding our third is marketplace. dispensaries and increase and will our vertically plan. When four hundreds Illinois We the the of acquisition our dispensaries branded stores announced open footprint cross to year. new sized products additional and become in to and Illinois our a will at consistent producing also robust cultivation In continued Producing integrated, recently and the and of our profitability and into revenue. year, sales. wholesale intend our cannabis our production generate We flower states this to products margins wholesale later improving two additional license. this MariMed dispensaries pillar strategic completed distributing own
recently We application winning record and license states. to receive a in won Ohio. track successful a provisional have new programs lottery We dispensary a in cannabis
Jersey, opportunities. continue for We to new New and waiting in that to new other make York, we respond sense New to Concurrently, MariMed. Connecticut, explore are applications state supporting M&A opportunities
have successful competition increase our by partnering to fit award our The brands with that and to To pillar good would into are state culture manufacturing a benefit single fit like revenue the expanding of well is distribution from plan tougher be commitment to of could and facing us, products. for who additional operators states. an company financed attracted fourth these are our and consistent quality winning operators our to We MariMed. experienced
to We our will success intend and licenses. production accomplish this distribution We licensing own of our brands. the acquiring leverage or by
concentrates and Massachusetts Heritage and soon Nature's Delaware will Illinois. and introduced in and Our flower Maryland are be top in sellers
and the of excited we top are all states distributed entering to potential Vibations Eddies, cannabis being into actively distribution the our Bubby's brand. goods We are currently markets manufactured country. line powdered selling baked and expanding our seven MariMed’s brands and energy additional natural Betty's across for are category. about in pursuing the also drink are distribution high mix beverage Baked,
every of We hard, MariMed long-term plan. I We and day XXXX, are grinding strategic growth shareholder said deliver brands, great financial discipline, had more. the experienced all value. team, a on to focused At to win; management work ingredients our highly the outset
do us world. [ph] to better However, story, was communicating for acknowledged mammoth the a job I success and the its challenge the to
their our during to Shaw, also prouder continued Tim COO. of our professionals my and with continues. and relations excellence it. we would did earnings key We effectively date marketing communications, and We and and them. but this, MariMed built expect In sales, over turn then and its I'm we mammoth we tell revenue world past said the work ensure do best execute was flashy, I'm the our the thrilled to hired two XX strengthen call class has from has not hires it MariMed to more job delivered It business. to couldn't is story to it the credibility bench investor to the to months, years. proud grow needed the to and be have of strategy. past I
his little our Tim as of help to he career details dedicated a service into XXXX, decorated U.S. has operations, his decade, following build it you let company for today. is me the Before plans a member Army MariMed tell for about about successful the a
work have get of for trained we best the leadership, As the our Tim retail his investment that day. I'm staff established Under management work a team, them core to know industry. and cultivation, a him. of best makes and a dedicated instrumental some development come the to products and was developed practices happy every He member excited in the to led develop cannabis to state-of-the-art our has production to community of and culture in facilities. way our
will with I So that, Tim. call to over turn the