An $830 million deal to acquire Grassroots Cannabis closed Thursday, upending a trend of failed multimillion-dollar acquisitions of Chicago-based marijuana companies. Grassroots, which has a cultivation facility in Litchfield and is affiliated with eight dispensaries around the state, was acquired by Massachusetts-based Curaleaf Holdings. The deal, announced just over a year ago, is one of […]
MedMen
Lavish Parties, Greedy Pols and Panic Rooms: How the ‘Apple of Pot’ Collapsed
The warm California sun shone down on Adam Bierman as he stepped up to the ceremonial ribbon strung across the entrance of his latest triumph: a new store on Abbot Kinney Boulevard in Venice, the hottest retail strip west of the Mississippi. Bierman stood facing a pack of clamoring photographers. Behind him, inside the shop, […]
MedMen Plunges After Scrapping PharmaCann Merger; Marijuana Stocks Slide
California-based marijuana retailer MedMen (OTC:MMNFF) on Tuesday said it would terminate its merger with PharmaCann and appointed a new CFO, killing off a deal that would have made it one of the biggest cannabis companies in the U.S. MedMen stock plummeted, while Canadian marijuana stocks reclaimed gains. The announcement came a little less than a […]
7 Marijuana Companies That Could Win the American Market
As more and more states legalize marijuana, American companies are racing to establish multi-state cannabis empires. It is still illegal under federal law, so exchanges like the New York Stock Exchange and Nasdaq aren’t an option for these outfits. Seven of the multi-state chains have raised war chests and listed their stocks on the Canadian […]
MedMen Acquires Illinois Dispensary, Continues its U.S. Expansion
PRESS RELEASE Acquisition Grows Brand’s Presence to Country’s Three Largest Metropolitan Areas LOS ANGELES (October 3, 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 Seven Point, a licensed medical cannabis dispensary located in the historic Chicago suburb of Oak Park, […]
Former Los Angeles Mayor Antonio Villaraigosa Joins MedMen’s Board of Directors
PRESS RELEASE LOS ANGELES (August 29, 2018) –  MedMen Enterprises Inc. (“MedMen”or the “Company”) (CSE: MMEN) (OTCQB: MMNFF) (FSE: A2JM6N) is pleased to announce that former Los Angeles Mayor Antonio Villaraigosa has joined its Board of Directors. Villaraigosa brings with him two decades of public service. He served two terms as mayor of Los Angeles from 2005 to 2013, was the Speaker of the […]
MedMen, U.S. Cannabis Company, Begins Trading on the Canadian Securities Exchange May 29th Under Ticker Symbol “MMEN”
PRESS RELEASE Leading Cultivator, Producer and Retailer of State-Sanctioned Cannabis, Now Accessible to Public Equity Investors Los Angeles (May 29, 2018) – MedMen Enterprises Inc. will begin trading today on the Canadian Securities Exchange (“CSE”) under the ticker symbol “MMEN” at 11 a.m. EDT. With more than 800 employees and 18 licensed facilities in California, Nevada and […]
Cannabis Leader MedMen Continues to Recruit Top Executive Talent
PRESS RELEASE Los Angeles-based cannabis management and investment firm MedMen has added two top executives to its ranks. Kate Denton is MedMen’s new chief marketing officer, and James Parker has joined the Firm’s capital arm as its chief operating officer. Ms. Denton brings more than a decade of experience overseeing marketing and brands in the […]
California Cannabis Firm Predicts Pot Revenue Will Quadruple Post-Election
The marijuana industry could quadruple in size after the 2016 elections, according to a new study released Wednesday. The Los Angeles-based cannabis firm MedMen projects legal pot sales in the U.S. could increase by $20.5 billion per year after voters in nine states weigh ballot measures that would legalize recreational marijuana. “The potential of this […]
