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You are here: Home / Archives for MedMen Enterprises Inc.

MedMen Enterprises Inc.

Medical marijuana dispensary MedMen loses license in Virginia. Now Staunton could lose out entirely.

June 20, 2020 by AggregatedNews Leave a Comment

STAUNTON – Less than a month after Governor Northam signed the bill to legalize medical marijuana, the Virginia Board of Pharmacy voted to deny MedMen’s request for an extension and rescinded their conditional license to operate a medical marijuana dispensary in Staunton. The Board of Pharmacy voted to move forward for a Request For Applications […]

Filed Under: Virginia Tagged With: MedMen Enterprises Inc., PharmaCann Virginia, Rescind Conditional License, Virginia Board of Pharmacy

Is 2020 the Year of Cannabis Stock Bankruptcies?

March 8, 2020 by AggregatedNews Leave a Comment

Could some of the most popular pot stocks go belly-up? The table appeared set in 2019 for cannabis stocks to deliver significant sales growth and push toward recurring profitability. It was supposed to be the year when pot stocks proved to doubters that the cannabis industry wasn’t a fad, and that the pricey valuations bestowed […]

Filed Under: Banking, Finance & Real Estate Tagged With: Cannabis bankruptcy, MedMen Enterprises Inc.

The Pot Stock Bubble Has Burst. Here’s Why

November 17, 2019 by AggregatedNews Leave a Comment

Wall Street’s exuberance over legal weed has quickly curdled into sober reality. In a matter of months, white-hot cannabis companies have flamed out in spectacular fashion. Many have lost two-thirds or more of their value. Widespread legalization has been thwarted. Bank financing has dried up. Deep-pocketed institutional investors remain on the sidelines and old-fashioned black-market […]

Filed Under: Banking, Finance & Real Estate Tagged With: Canopy Growth Corporation, MedMen Enterprises Inc., Pot Stock Bubble Bursts

MedMen Announces Layoffs and Overall Plan to Achieve Positive EBITDA

November 16, 2019 by Press Release Leave a Comment

PRESS RELEASE LOS ANGELES–(BUSINESS WIRE)–MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) (“MedMen” or the “Company”), a leading cannabis retailer with operations across the U.S., today announced a strategic plan (the “Plan”) to achieve its target of positive EBITDA by the end of calendar year 2020. The 90-day plan will focus on five key objectives: 1) […]

Filed Under: Banking, Finance & Real Estate Tagged With: Adam Bierman, MedMen Enterprises Inc.

MedMen Announces US$250 Million Investment From Gotham Green Partners

March 23, 2019 by Press Release Leave a Comment

PRESS RELEASE LOS ANGELES–(BUSINESS WIRE)–MedMen Enterprises Inc. (CSE:MMEN) (OTCQX:MMNFF) (FSE: A2JM6N) (“MedMen” or the “Company”), is pleased to announce that it has signed a binding term sheet for a senior secured convertible credit facility of up to US$250,000,000 (the “Facility”) from funds managed by Gotham Green Partners (“GGP” or the “Investor”), an investor in the […]

Filed Under: Banking, Finance & Real Estate Tagged With: Adam Bierman, Gotham Green Partners, Jason Adler, MedMen Enterprises Inc.

MedMen Completes Previously Announced Acquisition of Illinois Dispensary

February 9, 2019 by Press Release Leave a Comment

PRESS RELEASE February 08, 2019 07:00 AM Eastern Standard Time LOS ANGELES–(BUSINESS WIRE)–MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF) (FSE: A2JM6N) is pleased to announce that it has closed its previously announced acquisition (the “Acquisition”) of Seven Point, a licensed medical cannabis dispensary located in the historic Chicago suburb of Oak […]

Filed Under: Press Releases, Retailers Tagged With: MedMen Enterprises Inc., Seven Point

One of MedMen’s Largest Outside Shareholders and Former Board Member, an Affiliate of The Inception Companies, Sues MedMen and Alleges Breach of Fiduciary Duty

January 9, 2019 by Press Release Leave a Comment

PRESS RELEASE January 08, 2019 08:30 PM Eastern Standard Time LOS ANGELES–(BUSINESS WIRE)–This morning in the Superior Court of Los Angeles, California, The Inception Companies founders Brent Cox and Omar Mangalji (through an affiliated entity – MMMG-MC, Inc. – that holds a significant stake in MedMen’s management company MMMG, LLC) filed a complaint against Adam […]

Filed Under: Press Releases Tagged With: Adam Bierman, Andrew Modlin, Brent Cox, MedMen Enterprises Inc., Omar Mangalji, The Inception Companies

MedMen Appoints Veteran Retail Finance Executive as Chief Financial Office

December 6, 2018 by Press Release Leave a Comment

LOS ANGELES (December 6, 2018) – MedMen Enterprises Inc. (“MedMen”or the “Company”) (CSE: MMEN) (OTCQB: MMNFF) (FSE: A2JM6N) announced today the hiring of Michael W. Kramer, a veteran finance executive with a proven track record at retailers such as Apple Inc., Abercrombie & Fitch and Forever 21, as Chief Financial Officer. “Michael’s extensive financial and operational experience in retail and tech, and […]

Filed Under: Industry People, Press Releases Tagged With: Adam Bierman, MedMen Enterprises Inc., Michael W. Kramer

MedMen Reports First Quarter Fiscal Year 2019 Financial Results

November 30, 2018 by Press Release Leave a Comment

PRESS RELEASE November 29, 2018 04:02 PM Eastern Standard Time LOS ANGELES–(BUSINESS WIRE)–MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF) (FSE: A2JM6N), today released its consolidated financial results for the first quarter of fiscal 2019. All financial information for the three-month period ended September 30, 2018 is reported in U.S. dollars, unless otherwise […]

Filed Under: Banking, Finance & Real Estate, Press Releases Tagged With: Adam Bierman, Ben Cook, Clarence Foster, David Dancer, Jim Miller, Lowell Herb Co., MedMen Enterprises Inc., Mike Lane, The Hacienda Company

MedMen Hires Veteran HR Executive

October 17, 2018 by Press Release Leave a Comment

PRESS RELEASE Clarence Foster brings more than 20 years of experience leading human resources at Nissan, Yamaha, L’Oreal, McDonald’s and ExxonMobil LOS ANGELES–(BUSINESS WIRE)–MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQB: MMNFF) (FSE: A2JM6N) today announced the hiring of Clarence Foster as its new senior vice president of human resources. Foster brings to […]

Filed Under: HR and Staffing, Industry People, Press Releases Tagged With: Adam Bierman, Clarence Parker, MedMen Enterprises Inc., Society of Human Resource Management

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