Investor, advocates sue Florida medical marijuana regulator June 17, 2022 AggregatedNews Florida 0 Comments The Sunshine State has a marijuana transparency problem. A cannabis investor and medical marijuana patient advocates are suing the state after regulators allegedly failed to provide public records and approved a cannabis investment firm’s request to own more licenses than… Read More→
Tilray eyes U.S. cannabis market with MedMen move, stock gains in late trading August 17, 2021 AggregatedNews Banking, Finance & Real Estate 0 Comments Canadian pot company buying convertible notes of downtrodden U.S. brand as Tilray seeks approval to issue more shares for deal Canadian cannabis company Tilray Inc. has its eyes on the U.S. Tilray TLRY, announced Tuesday afternoon that it has agreed… Read More→
Medical marijuana dispensary MedMen loses license in Virginia. Now Staunton could lose out entirely. June 20, 2020 AggregatedNews Virginia 0 Comments 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bill to legalize medical marijuana, the Virginia Board of Pharmacy voted to deny MedMen's request for an extension and rescinded their conditional license to operate a medical marijuana dispensary… Read More→
Is 2020 the Year of Cannabis Stock Bankruptcies? March 8, 2020 AggregatedNews Banking, Finance & Real Estate 0 Comments 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… Read More→
The Pot Stock Bubble Has Burst. Here’s Why November 17, 2019 AggregatedNews Banking, Finance & Real Estate 0 Comments 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.… Read More→
MedMen Announces Layoffs and Overall Plan to Achieve Positive EBITDA November 16, 2019 Press Release Banking, Finance & Real Estate 0 Comments 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… Read More→
MedMen Announces US$250 Million Investment From Gotham Green Partners March 23, 2019 Press Release Banking, Finance & Real Estate 0 Comments 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”)… Read More→
MedMen Completes Previously Announced Acquisition of Illinois Dispensary February 9, 2019 Press Release Press Releases, Retail 0 Comments 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… Read More→
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 Press Release Press Releases 0 Comments 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… Read More→
MedMen Appoints Veteran Retail Finance Executive as Chief Financial Office December 6, 2018 Press Release Industry People, Press Releases 0 Comments 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,… Read More→
MedMen Reports First Quarter Fiscal Year 2019 Financial Results November 30, 2018 Press Release Banking, Finance & Real Estate, Press Releases 0 Comments 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… Read More→
MedMen Hires Veteran HR Executive October 17, 2018 Press Release HR and Staffing, Industry People, Press Releases 0 Comments 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… Read More→
MedMen Doubles Market Reach with Acquisition of PharmaCann October 11, 2018 Press Release News & Insights, On the Move, Press Releases 0 Comments 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… Read More→
MedMen Acquires First Dispensary in San Francisco Bay Area October 10, 2018 Press Release Press Releases, Retail 0 Comments 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… Read More→
MedMen Hires Global Supply Chain Veteran as Its New Chief Operating Officer October 9, 2018 Press Release Industry People, Press Releases 0 Comments 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… Read More→