Cannabis,Marijuana MedMen Pulls Out of $73M Deal with Ascend Wellness by Sophia Vida January 13, 2022 Wall Street learned this week that MedMen has terminated the $73 million sale for control of its New York business to Ascend Wellness. The two companies had agreed in February of 2021 Ascend would invest $73 million in order to...
Trends & Articles This is Why Pete Davidson Got Rejected from a Marijuana Store in California by Sophia Vida December 24, 2021 Saturday Night Live funny man Pete Davidson has been making headlines in recent weeks for dating reality star Kim Kardashian. This week he also made headlines for being turned away by a marijuana dispensary in southern Californ...
Trends & Articles Marijuana Giant MedMen May Not Get its Pasadena Permit by Sophia Vida July 10, 2020 According to a city investigation, cannabis company MedMen may not get a highly-sought after recreational cannabis permit from the city of Pasadena in California. There are five cannabis companies vying for three or four legal ...
Spotlight Stock Struggling MedMen Disappoints with Latest Quarterly Report by Sophia Vida February 27, 2020 Marijuana retailer MedMen Enterprises Inc. reported second quarter financial results this week that did not impress Wall Street. The California-based company reported a widening net loss Wednesday and saw its stock halted near ...
Marijuana Stocks MedMen is Laying Off Even More People by Sophia Vida December 13, 2019 MedMen, a United States-based cannabis company with operations in Arizona, Illinois, California, Nevada, New York, and Florida, has announced yet another round of layoffs. The vertically integrated marijuana company announced...
Spotlight Stock MedMen Revenue Explodes But Still Misses Wall Street’s Expectations by Sophia Vida November 30, 2019 MedMen Enterprises Inc. reported its fiscal first quarter financial report and despite a big jump in revenues, the company still missed expectations. It was this past Tuesday that the American cannabis company reported that r...
Trends & Articles MedMen and PharmaCann Terminate Cannabis Merger by Sophia Vida October 09, 2019 It was a shocking day in the legal marijuana industry when MedMen and PharmaCann revealed that they have terminated their $682 million cannabis merger. It was also announced that MedMen's CFO had been ousted. Los Angeles-based ...
Trends & Articles MedMen’s CEO Had This to Say About South Park’s Parody by Sophia Vida October 09, 2019 MedMen CEO had much to say about a brutal parody from hit cartoon show South Park. MedMen’s CEO Adam Bierman, said, "I'm humbled by South Park’s parody. You know, we've always said in order to mainstream marijuana, in order...
Featured MedMen Closes on Initial $80 million Tranche of Funding by Sophia Vida May 24, 2019 MedMen, which has a marijuana dispensaries that provide a wide range of best and high quality cannabis products, has announced that it has received an $80 million trench of funding from New York private equity group Gotham Green P...
Trends & Articles UC San Diego Scientists are Mad at MedMen Billboards by Sophia Vida May 24, 2019 A column published in the Journal of the American Medical Association has John Ayers, Ph.D. of UC San Diego, pushing for government agencies to regulate the branding practices of cannabis retailers. Ayers referenced the nationa...