MedMen Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

MedMen’s fall shows the difficulties of the legal weed business

March 26, 2024
AggregatedNews
Retail
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In the summer of 2018, MedMen opened a boutique cannabis dispensary on Abbot Kinney Boulevard in Venice — “the coolest block in America,” as the company hyped in a press release at the time. With natural light pouring through floor-to-ceiling windows…

Ascend Wellness Holdings: A Vertical MSO with an East Coast State of Mind

March 2, 2022
Tom Hymes
Company Stories, Multiple State Brands, Multiple State Operators, Spotlight
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Ascend Wellness Holdings Inc. (AWH) (CSE: AAWH.U, OTCQX: AAWH) is a vertically integrated MSO with retail operations in five states – Illinois, Michigan, Massachusetts, New Jersey, and Ohio – and eyes firmly set on New York. Founded in 2018 by…

Chicago-based Grassroots Cannabis sold in $830 million deal

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…

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…

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…

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…

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…

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…

MedMen, U.S. Cannabis Company, Begins Trading on the Canadian Securities Exchange May 29th Under Ticker Symbol “MMEN”

May 29, 2018
Press Release
Banking, Finance & Real Estate, Press Releases
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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…

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.…

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…