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Cannabis Company MedMen Goes Bankrupt With $411 Million In Liabilities

Multistate cannabis operator MedMen leaves the industry by filing bankruptcy proceedings in Canada with about $411 million in liabilities. ....

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MedMen Accused of Stiffing Landlord for $2M in Back Rent

Lucy Nicholson/ReutersIt didn’t seem like things could get much worse for MedMen, the onetime cannabis industry “unicorn” that rode a $3 billion valuation in 2018 all the way down to a present-day stock price of $0.But the beleaguered company—which has seemingly collapsed in slow-motion—now owes nearly $2 million in back rent to billionaire New York real estate mogul Jack Cayre, who finally ran out of patience on Thursday, according to a default notice obtained by The Daily Beast.“Please be advi ....

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Is Tilray Brands Stock a Buy in the New Bull Market?

It has a successful diversification play in hand and big catalysts looming, but there's plenty of risk. ....

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California pot company executives out as stock plummets to zero

A California-based chain of cannabis dispensaries is in a period of upheaval after its stock became essentially worthless, prompting the ouster of its CEO and executive chairman. Culver City-based MedMen, which has locations in California, Illinois, New York, Nevada and Massachusetts, was once valued at $3 billion. But that was 2018; now, that valuation is […] ....

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MedMen CFO Bowman resigns

Cannabis retailer MedMen Enterprises Inc. on Friday announced the resignation of Chief Financial Officer Ana Bowman, effective June 29. Bowman had served as. ....

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