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Pair of medical marijuana dispensaries approved for metro Orlando
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MedMen Q4 Revenue Increases 55% to $42 Million
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MedMen targets expansion to metro Orlando medical marijuana growing facility
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Article content
Third quarter revenue of $32.0 million, up 3.8% from the previous quarter adjusting for removal of MedMen NY Inc. from continuing operations
Total Retail Revenue increase of 8.2% quarter-over-quarter, inclusive of New York and Arizona stores
Total Retail Adjusted EBITDA increased to $8.5 million from $6.0 million quarter-over-quarter, for a 22.5% margin, and Total Retail Adjusted EBITDA from continuing operations increased to $7.4 million from $5.5 million quarter-over-quarter for a 23.3% margin
LOS ANGELES MedMen Enterprises Inc. (
“MedMen” or the
“Company”) (CSE: MMEN) (OTCQX: MMNFF), a cannabis retailer with operations across the United States, today released its consolidated financial results for its third quarter fiscal 2021 ending March 27, 2021. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated.
MedMen Appoints Reece Fulgham As Interim CFO
Cannabis retailer
Fulgham replaces Zeeshan Hyder, who opted to step down from the position.
The Los Angeles-based company confirmed Friday that Fulgham will supervise its finance and accounting operations starting Dec 21.
Fulgham is a former CPA who brings over three decades of accounting, turnaround management, and restructuring experience. During his career, he served as an auditor, board member, interim operating manager, and advisor to several companies, including Hollywood Video, Epic Resorts, American Golf, and Imperial Sugar, to name a few.
Currently, he serves as a managing director at SierraConstellation Partners.
Tom Lynch, the company’s chairman, and Interim CEO thanked Hyder for his contributions, adding that “his steady hand and deep industry knowledge were vital during our turnaround.”