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August 16 , 2021 MariMed MariMed Reports Strong Second Quarter 2021 Earnings Inc. Revenue Increased to $ 32.6 million , a 239 % Increase Year Over Year EBITDA Increased to $ 12.3 million , a 440 % Increase Year Over Year Raises Guidance for Revenue and EBITDA for Full Year 2021 , and Adds Adjusted EBITDA Inc. NORWOOD , Mass . , Aug. 16 , 2021 / CNW / - MariMed , Inc. ( OTCQX : MRMD ) ( " MariMed " or the " Company " ) , a leading multi - state cannabis operator focused on health and wellness and improving lives every day , today announced its financial and operating results for the quarter ended June 30 , 2021 . MariMed Q2 2021 Financial Highlights • Reported revenue of $ 32.6 million , an increase of 239 % versus the second quarter of 2020 , and an increase of 32 % versus the first quarter of 2021 . • Reported gross profit on revenue of $ 19.4 million , an increase of 215 % versus the second quarter of 2020 , and an increase of 47 % versus the first quarter of 2021 . • Reported EBITDA of $ 12.3 million , the 6th sequential quarter of positive EBITDA growth . Reported EBITDA increased 440 % versus the second quarter of 2020 , and an increase of 61 % versus the first quarter of 2021 . • Reported Adjusted EBITDA of $ 13.9 million , a 391 % increase in the second quarter of 2020 versus an increase of 73 % in the first quarter of 2021 . • Reported net income of $ 7.6 million in the second quarter of 2021 versus a net loss of $ 1.1 million in the second quarter of 2020 , and net income of $ 4.3 million versus the first quarter of 2021 . • Increased working capital as of the end of the second quarter of 2021 to $ 24.3 million , an increase of $ 26.5 million versus the end of the fourth quarter of 2020 , and an