MedMen

MedMen Opens in Sarasota, Florida

MedMen Sarasota (Photo: Business Wire)More LOS ANGELES–(BUSINESS WIRE)– Increases Total National Retail Footprint to 34 Operating Stores MedMen Enterprises Inc. (MMEN.CN) (MMNFF) (“MedMen” or the “Company”), a leading cannabis retailer with operations across the U.S., announces the opening of its latest Florida location in the city of Sarasota. This is the eighth of 12 locations …

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Looking For A Job In The Cannabis Or Hemp Space? Leafwire Jobs Is Here

Cannabis business network Leafwire this week launched Leafwire Jobs, featuring 100% cannabis and hemp industry jobs. The job board launched with 1,500 jobs from many of the largest cannabis companies in the world, including Canopy Growth Corp (NYSE: CGC), Tilray Inc (NASDAQ: TLRY), Acreage Holdings Inc (OTC: ACRGF), Harvest Health & Recreation Inc (OTC: HRVSF), and …

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CBD is ‘the caffeine of the 21st century’: Recess CEO

The key to selling a CBD product is to not sell the CBD, according to Benjamin Witte. Witte is founder and CEO of Recess, a CBD and adaptogens-infused sparkling water brand based in New York. The one-year-old company has raised about $6 million in seed funding from as-yet undisclosed investors. Its pastel-hued 12-ounce cans are available …

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MedMen to Announce First Quarter Fiscal 2020 Financial Results on November 26, 2019

LOS ANGELES–(BUSINESS WIRE)– MedMen Enterprises Inc. (“MedMen” or the “Company”) (MMEN.CN) (MMNFF) plans to release its financial results for the first quarter fiscal 2020 ended September 28, 2019 after market close on Tuesday, November 26, 2019. Following the release of these financial results, at 5:00 PM Eastern that same day, MedMen Enterprises will host a …

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MedMen Falls 15% As Net Loss More Than Doubles

MedMen’s net loss was $277 million for 2019; $79.1 million, or 75 cents per share, was attributable to the company’s shareholders, MedMen said. “Fiscal 2019 was a transformative year for MedMen, with over 2 million completed retail transactions to date and revenues increasing 227% year-over-year,” Adam Bierman, MedMen’s co-founder and CEO, said in a statement. MedMen …

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MedMen Announces Additional Amendments to Gotham Green Facility – Designated News Release

MedMen Enterprises Inc. (MMEN.CN) (MMNFF) (“MedMen” or the “Company”) is pleased to announce certain amendments to its US$250,000,000 senior secured convertible credit facility (the “Facility”) arranged by Gotham Green Partners. As a result of the amendments to the Facility, the aggregate amount that remains available to be borrowed has not changed. Tranche 3 now consists …

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Cannabis retailer MedMen losses narrow to $24 million, as revenue rises

MedMen Enterprises Inc. late Monday reported fiscal fourth-quarter net losses of $24.2 million, or 15 cents a share, versus losses of $32.9 million, or 81 cents a share in the year-ago quarter. Revenue for the cannabis retailer rose to $42 million from $20.6 million in the same quarter last year. U.S.-traded shares of MedMen closed …

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MedMen Reports Fourth Quarter and Fiscal Year 2019 Financial Results – Designated News Release

LOS ANGELES– — Record full year revenue of $130 million, up 227% year over year Fourth quarter revenue of $42 million, up 104% year over year Surpassed $110 million in annualized run-rate retail revenue across California, the largest cannabis market in the world Company is licensed for 70 retail stores and currently operates 32 retail …

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