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