● Brand, web, packaging development services and solutions,
● iRollie intellectual property
● Smoking accessories and e-commerce marketplace
NEWTON, Mass., July 24, 2018 (GLOBE NEWSWIRE) — MariMed Inc., today announced it’s acquired iRollie LLC, as well as its intellectual property (IP), clients, and its host of merchandise and services. MariMed employed iRollie’s cofounders Luke Shepter and Joe Khoury to expand the iRollie business still on bringing their experience and services in-house to support MariMed brands and shoppers. MariMed acquired iRollie and its executives in exchange for $600,000 in MariMed stock.
“MariMed known variety of synergies between our two companies that we tend to felt best to bring in-house to strengthen internal capabilities. we tend to still set new standards within the trade with innovative all-natural cannabis merchandise requiring premium stigmatization, packaging, and selling still as strategic sourcing,” expressed Tim Shaw, MariMed COO. “iRollie allows an in-house ability to develop, improve and effectively market new and existing brands, still as add an aggressive revenue stream of proprietary product offerings to MariMed’s financials.”
The iRollie team designed, prototyped, and produced custom products and packaging for cannabis companies in Massachusetts, Nevada, Colorado, Maine, with distribution facilities in Nevada and Pennsylvania. The co-founders bring formidable talent to MariMed with Khoury’s strong background in cannabis early strategic growth, digital marketing, supply chain management and Shepter’s expertise in redeveloping processing operations for recreational marijuana-infused products, with a strong focus on reducing production costs and increasing scalability.
“We are excited to apply our experience scaling cannabis brands in both recreational and medical markets to create best in class brands,” stated Shepter. “We believe these brands will capture the hearts and minds of B2B customers and consumers alike, and that our synthesis of cutting edge design of physical assets and digital technology will enhance customer retention and maximize ROI,” Khoury concluded.
The article was first seen on Global News Wire