Goodness Growth, today announced that it has entered into consulting, licensing and wholesale agreements with two additional dispensaries in Maryland that are owned and controlled by HA-MD LLC and currently operate under the Ethos brand name. The agreements will result in the two Ethos dispensaries in Hampden and Rockville being, upon regulatory approval, rebranded to Green Goods and include an option to acquire the two dispensaries if and when allowed by applicable law and regulations.
“We are pleased to lean into our team’s capabilities and to expand our reach in the Maryland market, while also adding two more retail dispensaries under the Green Goods brand. In recent quarters we have improved the quality and depth of our product offerings in Maryland, and these agreements provide an opportunity for us to expand our revenue, cash flow and market presence. We are also pleased with the future potential to acquire these stores when the law and regulations allow, which gives us the potential to reach the retail license limit of four stores in Maryland’s adult-use market," said Interim Chief Executive Officer Josh Rosen.