According to multiple reports late last week, MedMen has shuttered all but two of its stores in California. “Only MedMen stores in San Diego and near Los Angeles International Airport remain open,” MJBizDaily reported on Friday. Green Market Report, citing a former staffer at the company, reported that “[although] no one connected with MedMen’s corporate headquarters could be … [Read more...] about MedMen Reportedly Closes All But Two California Locations
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Marijuana MSO MedMen delays filing 2023 financials
What’s the right revenue per square foot? What’s a realistic business outlook for cultivators? Get realistic market forecasts, state-by-state insights and benchmarks. Get the 2023 Factbook. Marijuana multistate operator MedMen Enterprises says it will be late to file its annual financial report for its 2023 fiscal year ended July 1. The Los Angeles-based company said in a late … [Read more...] about Marijuana MSO MedMen delays filing 2023 financials
Cannabis Pioneer MedMen Names Fifth CEO In 3 Years As Company Teeters On Brink Of Collapse
Cannabis firm MedMen announced Wednesday its fifth CEO since 2020 with the appointment of Ellen Deutsch, who will be tasked with turning around the once-industry-leading company that now stands on the verge of a financial collapse fueled by high debt. Key Facts Deutsch’s appointment is effective immediately, with former CEO and board chairman Michael Serruya saying Deutsch … [Read more...] about Cannabis Pioneer MedMen Names Fifth CEO In 3 Years As Company Teeters On Brink Of Collapse
Cannabis MSO MedMen warns about cash situation, ability to stay afloat
California-based cannabis multistate operator MedMen Enterprises is warning investors that it might not have enough money to “meet its obligations” for the next year and that there are questions about its ability to stay in business. MedMen’s latest quarterly filing with securities regulators noted that the company has only $15.6 million in reserves and a working capital … [Read more...] about Cannabis MSO MedMen warns about cash situation, ability to stay afloat
