Source: https://ir.marimedinc.com/sec-filings/quarterly-reports/content/0001493152-19-016973/formnt10-q.htm?TB_iframe=true&height=auto&width=auto&preload=false
Timestamp: 2020-05-28 23:42:37
Document Index: 59571518

Matched Legal Cases: ['§232', '§232', '§232', '§232', '§232', '§232']

[ ] Form 10-D [ ] Form N-CEN [ ] Form N-CSR
(b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
State below in reasonable detail the reasons why Form 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR or the transition report or portion thereof, could not be filed within the prescribed time period.
MariMed Inc. (“we”, “our” or “us”) has been unable to file the Quarterly Report on Form 10-Q for the quarter ended September 30, 2019 (the “Report”) by November 12, 2019 without unreasonable effort or expense due a fire at a GenCanna Global Inc. facility that has prevented GenCanna Global Inc. from timely providing us with certain financial information necessary to finalize the financial statements to be included in our Report. We believe that the Report will be available for filing on or before November 18, 2019.
Jon R. Levine (617) 795-5140
(3) Is it anticipated that any significant change in results of operation for the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? [X] Yes [ ] No
The following are the anticipated changes in results of operations for the three and nine month periods ended September 30, 2019 and 2018, respectively:
Total revenues for the three and nine month periods ended September 30, 2019 are expected to be approximately, $11.2 million and $40.4 million, respectively, compared to approximately, $3.4 million and $8.4 million, respectively, for the same periods in 2018.
Cost of revenues for the three and nine month periods ended September 30, 2019 are expected to be approximately, $6.5 million and $24.5 million, respectively, compared to approximately, $1.5 million and $3.3 million, respectively, for the same periods in 2018.
Operating expenses for the three and nine month periods ended September 30, 2019 are expected to be approximately, $3.7 million and $9.8 million, respectively, compared to approximately, $2.4 million and $5.5 million, respectively, for the same periods in 2018.
As a result of the foregoing, operating income for the three and nine month periods ended September 30, 2019 is expected to be approximately, $1.0 million and $6.2 million, respectively, compared to operating losses of approximately, $549,000 and $417,000, respectively, for the same periods in 2018.
Date: November 13, 2019 By: /s/ Jon R. Levine
Name: Jon R. Levine
5. Electronic Filers: This form shall not be used by electronic filers unable to timely file a report solely due to electronic difficulties. Filers unable to submit reports within the time period prescribed due to difficulties in electronic filing should comply with either Rule 201 or Rule 202 of Regulation S-T (§232.201 or §232.202 of this chapter) or apply for an adjustment in filing date pursuant to Rule 13(b) of Regulation S-T (§232.13(b) of this chapter).
6.Interactive data submissions. This form shall not be used by electronic filers with respect to the submission or posting of an Interactive Data File (§232.11 of this chapter). Electronic filers unable to submit or post an Interactive Data File within the time period prescribed should comply with either Rule 201 or 202 of Regulation S-T (§232.201 and §232.202 of this chapter).