MMEN Profile
- Sector: Health Technology
- Industry: Pharmaceuticals: Other
MedMen Enterprises, Inc. engages in the cultivation, production, and retailing of cannabis supply chain. It operates growing and manufacturing facilities which use agronomic technology and sustainable techniques. The company was founded by Adam Bierman and Andrew Modlin in 2010 and is headquartered in Culver City, CA.
Recent News
MedMen Announces Additional US$10 Million Senior Secured Convertible Note Financing Under Gotham Green Facility
LOS ANGELES–(BUSINESS WIRE)–MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF), a leading cannabis retailer with operations across the U.S., today announced the closing of US$10,000,000 in additional gross proceeds under its senior secured convertible facility (the “Facility“) led by funds affiliated with Gotham Green Partners (“GGP“) together with certain additional amendments to the facility […]
MedMen Relaunches MedMen Red
January 04, 2021 06:30 AM Eastern Standard Time LOS ANGELES–(BUSINESS WIRE)–MedMen is pleased to announce the relaunch of its signature house brand, MedMen Red in all California and Nevada locations. The line, first introduced in November 2019, is the intersection of premium quality and value, providing our customers with exceptional cannabis products at very compelling […]
MedMen Reports First Quarter Fiscal Year 2021 Financial Results
First quarter revenue of $35.6 million, up 31% from the previous quarter Gross margin improved from 40% to 47% sequentially and retail gross margin improved from 49% to 54% sequentially Reduced total SG&A expenses by 21% sequentially and corporate SG&A by 29% sequentially Secured financing commitments of over $20 million during the quarter Named Tracy […]
