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 […]
MedMen Enterprises Inc.
MedMen Announces Layoffs and Overall Plan to Achieve Positive EBITDA
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) […]
MedMen Announces US$250 Million Investment From Gotham Green Partners
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 […]
MedMen Completes Previously Announced Acquisition of Illinois Dispensary
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 […]
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
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 […]
MedMen Appoints Veteran Retail Finance Executive as Chief Financial Office
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 […]
MedMen Reports First Quarter Fiscal Year 2019 Financial Results
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 […]
MedMen Hires Veteran HR Executive
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 […]
MedMen Doubles Market Reach with Acquisition of PharmaCann
PRESS RELEASE MedMen to acquire PharmaCann in all-stock transaction valued at US$682 million, the largest acquisition transaction in U.S. cannabis history. The acquisition doubles the number of states where MedMen has licenses to 12. The combined addressable market in these 12 states accounts for over 50 percent of the total estimated 2030 U.S. addressable market […]
MedMen Acquires First Dispensary in San Francisco Bay Area
PRESS RELEASE Company Expands Footprint in its Home State into Northern California LOS ANGELES (October 10, 2018) – MedMen Enterprises Inc. (“MedMen”or the “Company”) (CSE: MMEN) (OTCQB: MMNFF) (FSE: A2JM6N) today announced that it has signed a definitive agreement (the “Agreement”) to acquire a licensed dispensary from Berkeley Patients Group (“BPG”) in Emeryville, California. As a result of the transaction, MedMen will […]
MedMen Hires Global Supply Chain Veteran as Its New Chief Operating Officer
PRESS RELEASE LOS ANGELES (October 9, 2018) – MedMen Enterprises Inc. (“MedMen”or the “Company”) (CSE: MMEN) (OTCQB: MMNFF) (FSE: A2JM6N) today announced the hiring of Ben Cook as its new chief operating officer. Cook is an accomplished global supply chain executive with 15 years of experience executing and managing logistics for retail and consumer brands including Sam’s Club, Target and Apple. “As […]
MedMen Completes Strategic Investment in Lowell Herb Co.
PRESS RELEASE Lowell Smokes sold in 250 top dispensaries across California LOS ANGELES–(BUSINESS WIRE)–MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQB: MMNFF) and The Hacienda Company announced today that MedMen has completed a strategic investment in The Hacienda Company, which owns Lowell Herb Co. (“Lowell”), a California-based cannabis brand known for its pack […]
MedMen’s New Board Member Brings Decades of Experience from Pfizer, Richemont
PRESS RELEASE LOS ANGELES (July 23, 2018) – MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQB: MMNFF) is pleased to announce the appointment of Stacey Hallerman to its Board of Directors. Hallerman is a business leader and C-suite executive who has been instrumental in growing companies for more than two decades, both at Richemont North America, Inc. […]
MedMen Announces Acquisition of Florida Marijuana License and Cultivation Facility
PRESS RELEASE MedMen to Own One of Thirteen Licenses in Florida, right to open 25 dispensaries Los Angeles – June 6, 2018 – MedMen Enterprises Inc. (CSE: MMEN) (“MedMen”), the country’s leading cultivator, producer and retailer of state-sanctioned cannabis, today announced that it has signed a definitive agreement (the “Agreement”) to acquire dispensary and cultivation assets […]
