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M&A Frenzy And Deflation Post-Election: Which Companies Are Ready To Win Big In Florida's Cannabis Market
Saturday, October 26, 2024 - 2:15pm | 958With Florida's recreational cannabis vote looming, Pablo Zuanic of Zuanic & Associates anticipates a high-stakes shakeup in the state's cannabis market. His latest analysis reveals a volatile mix of market deflation, rapid retail expansion and an active M&A landscape as key companies...
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Epic Cannabis Fails You Should Know About: MedMen, Eaze And Others Go Down In California Meltdowns
Thursday, October 10, 2024 - 6:20pm | 692As California's cannabis market expanded after legalization, several leading companies seemed poised for dominance. However, due to mismanagement, regulatory pressures and market saturation, many of these giants have collapsed. Here's a closer look at the industry's most notable failures. Get...
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'I Dealt With Gangsters, Shakedowns, Loan Sharks And Government Corruption,' Says Entrepreneur Who Built The First Cannabis Unicorn
Thursday, September 26, 2024 - 1:24pm | 687Get ready to dive into the world of cannabis entrepreneurship as Bungalow Media + Entertainment along with writer and producer Zach Goldbaum undertake a three-part series about Adam Bierman, the mastermind behind MedMen Enterprises Inc, the first American cannabis unicorn. The series is based on...
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MedMen's Epic Bankruptcy: The Bigger They Come ($1.7B), The Harder They Fall
Monday, April 29, 2024 - 4:44pm | 497Was anyone surprised that MedMen declared bankruptcy in Canada last week? The hundreds of laid-off workers, thousands of investors, stiffed landlords and suppliers, no doubt, had a few clues. The California cannabis chain, with its ostentatious red awning on the outside and looking like the...
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Hope For Those Going Up in Smoke: Cannabis Industry Eyes Bankruptcy Reform Amid Legal Limbo
Monday, April 29, 2024 - 1:11pm | 725Distressed U.S. cannabis operators, historically barred from bankruptcy relief due to federal legal constraints, may soon find a glimmer of hope. As attitudes shift and federal marijuana rescheduling looms, the landscape for financial restructuring in the cannabis industry could change...
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Once Called The 'Apple Store Of Weed' And Valued At $1.7B, This Cannabis Company Has Declared Bankruptcy
Sunday, April 28, 2024 - 8:34am | 316MedMen Enterprises Inc. has thrown in the towel, citing financial conditions and an inability to pay its debts, said Amit Pandey, the cannabis company's former chief financial officer late Friday. Once hailed as the first cannabis unicorn and the “Apple store of weed,” MedMen spiraled...
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Just When You Thought It Was Safe...MedMen And Ascend Wellness Are Back On The Mat Again In New York
Tuesday, February 22, 2022 - 7:47pm | 529Just in case you thought it was safe to stop thinking about the conflict between MedMen (CSE: MMEN) (OTCQX: MMNFF) and Ascend Wellness Holdings (OTCQX: AAWH), a new twist pulls you right back in. The often vitriolic court battle between two cannabis companies over a licensing...
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NY Cannabis Lawsuit Update: Ascend Wellness Files New Claim, Says MedMen Has "Seller's Remorse"
Tuesday, February 15, 2022 - 4:13pm | 454In the latest move in the legal battle between the two cannabis companies, Ascend Wellness (CSE:AAWH) (OTCQX:AAWH) filed an amended complaint against MedMen (CSE: MMEN) (OTCQX: MMNFF) for backing out of their acquisition contract and a motion to dismiss MedMen’s...
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Fmr. MedMen CEO Adam Bierman Breaks The Silence: 'We Were Doing Things For The First Time, Inevitably Pissing People Off'
Thursday, January 27, 2022 - 1:18pm | 3585Adam Bierman and Andrew Modlin founded MedMen (OTC: MMNFF) in 2010. Since then the company, which started with a single store in California, skyrocketed off the technical graphs, becoming the first mainstream cannabis company in the world to hit every screen in America. The kickstart of...
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Earnings: MedMen Q1 Revenue Increases 13% to $39.8M
Tuesday, November 9, 2021 - 7:27pm | 510MedMen Enterprises Inc. CSE: MMEN) (OTCQX: MMNFF), a premier cannabis retailer with operations across the U.S., announced its financial results on Tuesday evening for the first fiscal quarter of 2022 that ended September 25, 2021. First Quarter Financial Highlights: Net revenue across...
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Ousted MedMen Executives File Suit Against Their Own Company
Tuesday, October 5, 2021 - 4:49pm | 391A company run by the ousted co-founders of cannabis giant MedMen (OTC: MMNFF), Adam Bierman and Andrew Modlin, are suing Coastal Holding Co., a company that holds several cannabis licenses in multiple California cities, over planning to sell the company for $56.2 million, reported Law360. The...
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Tilray Adjourns Special Meeting Of Stockholders Until Sept. 10
Thursday, August 19, 2021 - 3:19pm | 428Cannabis giant Tilray, Inc. (NASDAQ: TLRY)(TSX:TLRY) convened and then adjourned its special shareholders' meeting on Thursday, postponing it until Sept. 10, 2021. Stockholders had intended to vote on two shareholder proposals: (1) a proposal to increase the authorized number of shares of...
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Tilray Acquires Majority Position In Amended MedMen Convertible Notes, Accelerating Path Into US Cannabis Market If Federal Legalization Occurs
Tuesday, August 17, 2021 - 5:22pm | 439Tilray, Inc. (NASDAQ: TLRY), and MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF), announced on Tuesday Tilray has acquired the majority of MedMen’s outstanding senior secured convertible notes that were originally held by certain funds affiliated with Gotham Green Partners, LLC (...
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MedMen Revives 'Red' Brand In Nevada And California
Monday, January 4, 2021 - 9:59am | 252Cannabis retailer MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) is relaunching MedMen Red across stores in Nevada and California. MedMen Red was initially released back in November 2019. Touted as "quality cannabis at an affordable price," each product is slated to hit...
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Cannabis Movers & Shakers: MedMen, Rolling Stone Culture Council, Sierra Constellation, Cansortium, Terra Tech, Flora Growth
Tuesday, December 22, 2020 - 3:08pm | 1106Here is a summary of the latest company shakeups within the cannabis industry. MedMen Appoints Reece Fulgham As Interim CFO Cannabis retailer MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) appointed Reece Fulgham as its Interim CFO. Fulgham replaces Zeeshan Hyder, who opted to step down from...