Terrace Global

Terrace Global is a multinational operator led by experienced cannabis entrepreneurs, focusing on the development and acquisition of international cannabis assets. Terrace Global's focus is on existing domestic demand in federal legal jurisdictions, low-cost inputs, and approved exports. The current asset platform of Terrace Global includes: (1) an indirect 33.75% equity interest in two existing recreational cannabis businesses in Uruguay; (2) 100% of Oransur Company in Uruguay, a Uruguayan company producing high-CBD cannabis; (3) 100% of Terranova Producer, a Portuguese company holding a pre-license issued by Farméd to cultivate, import, and export medical cannabis in Portugal; and (4) 100% of Pharmabinoide S.L., a Spanish pharmaceutical company engaged in the production and commercialization of cannabis in Spain. MARIMED (OTCQX: MRMD) is a U.S.-based multinational cannabis operator dedicated to improving people’s health and wellness through the use of cannabinoids and cannabis products, owning approximately 6% of the global Terrace.