|Bid||2.6700 x 0|
|Ask||2.7800 x 0|
|Day's Range||2.6600 - 2.8600|
|52 Week Range||2.5100 - 9.8800|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
MedMen Enterprises Inc. (“MedMen” or the “Company”) (MMEN.CN) (MMNFF) today announced its expansion into Florida with the opening of a retail location in West Palm Beach at 539 Clematis Street. MedMen expects retail locations in Key West and Orlando to follow. Florida is the third most populous state with a robust medical cannabis program serving over 200,000 qualified patients. Of the 15 new locations MedMen plans to open across the U.S. in 2019, 12 will be in Florida, where the Company is licensed for up to 35 retail locations.
(“MedMen” or the “Company”) (MMEN.CN) (MMNFF) (FSE:A2JM6N) is pleased to partner with Equality California, the largest statewide LGBTQ civil rights organization. During the month of June at all California stores, MedMen will donate 15% of proceeds from limited-edition Pride products to advance LGBTQ equality.
MedMen Enterprises Inc. (“MedMen” or the “Company”) (MMEN.CN) (MMNFF) (FSE:A2JM6N) today announced that the City of Pasadena has awarded the Company one of six commercial retail and delivery licenses (subject to obtaining properly zoned real estate and a Conditional Use Permit), further enhancing its industry-leading footprint. “As we continue to grow our footprint in the U.S., California remains our home base and the most strategic market in our industry today,” said Adam Bierman, MedMen co-founder and chief executive officer. “The City ran a very competitive process and we are honored to be among those chosen to operate in Pasadena.
(“MedMen” or the “Company”) (MMEN.CN) (MMNFF) announced that it has signed a definitive agreement to acquire a 100% stake in MattnJeremy, Inc. LLC d/b/a One Love Beach Club (“One Love”). The acquisition further enhances MedMen’s industry-leading California footprint, adding a premier location strategically located between its Santa Ana and LAX locations. “We’re excited to welcome Long Beach to the MedMen family and continue our growth in the most important cannabis market in the world,” said Adam Bierman, MedMen CEO.
(“MedMen” or the “Company”) (MMEN.CN) (MMNFF) announced today that Brent Cox, Omar Mangalji, and the Inception Companies, through their affiliate, MMMG-MC, voluntarily dismissed their frivolous lawsuit against MedMen and its related companies, as well as its co-founders Adam Bierman and Andrew Modlin yesterday, in what can only be described as a personal admission that their case was improper. The request for dismissal also follows the Los Angeles Superior Court’s order in January 2019 that stated such claims were not likely to succeed on the merits. After earning millions of dollars as early investors in MMMG LLC, Cox and Mangalji sought to take further advantage of their position as insiders by filing suit against MedMen, Bierman, and Modlin alleging wrongdoing in connection with a common business decision to lock-up certain shares of MedMen held by MMMG.
MedMen Enterprises Inc. (“MedMen” or the “Company”) (MMEN.CN) (MMNFF) today announced that Zeeshan Hyder, MedMen chief corporate development officer, will participate in a panel titled “Connecting with U.S. Consumers: Retail and Online Delivery Panel” at the Piper Jaffray 39th Annual Consumer Marketplace Conference on Thursday, June 6th at 11:00 AM Eastern at the Pierre Hotel in New York. The Piper Jaffray 39th Annual Consumer Marketplace Conference brings together key industry executives and investors to provide multiple perspectives, investigate critical trends and identify the leaders in the markets that are driving our economy. Investors interested in arranging a one-to-one meeting at the conference should contact their Piper Jaffray representative.
LOS ANGELES-- -- Increased revenue sequentially by 22% to $36.6 million across the Company’s operations in California, Nevada, New York, Arizona and Illinois Including revenue from pending acquisitions and pre-closing revenue from recently closed acquisitions, pro forma quarterly revenue was approximately $57 million based on third quarter results Decreased corporate SG&A by 9% quarter-over-quarter ...
MedMen Enterprises Inc. (MMEN.CN) (MMNFF) (FSE:A2JM6N) (“MedMen” or the “Company”) is pleased to announce that, further to its press release dated April 23, 2019, MedMen has been advanced an additional US$80,000,000 in gross proceeds pursuant to the US$250,000,000 secured convertible credit facility (the “Facility”) with Gotham Green Partners, an investor in the global cannabis industry. MedMen has issued to the lenders additional convertible senior secured notes (“Notes”), co-issued by the Company and MM CAN USA, Inc., a subsidiary of the Company (“MM CAN”), with a conversion price per Subordinate Voting Share of the Company equal to US$3.29 per share.
(“MedMen” or the “Company”) (MMEN.CN) (MMNFF) (FSE:A2JM6N) is pleased to announce the opening of its Sorrento Valley store in San Diego, California. This is the second MedMen location in the San Diego area and the Company’s 11th operational MedMen location in California.
MedMen Enterprises (CSE: MMEN) (OTCQX: MMNFF) (FSE: A2JM6N) has entered into definitive agreements for a US$250 million secured convertible credit facility with Gotham Green Partners, an investor in the global cannabis industry. DELTA 9 CANNABIS (TSXV: NINE) (OTCQX: VRNDF) reported financial and operating results for the year ending December 31, 2018. Operating revenues was $7.57M for […]The post Cannabis Stock News Daily Roundup April 23 appeared first on Market Exclusive.
LOS ANGELES , April 23, 2019 /CNW/ - MedMen Enterprises Inc. (MMEN.CN) (MMNFF) (FSE:A2JM6N) ("MedMen" or the "Company"), is pleased to announce that, further to its press release dated March 22, 2019 , it has entered into definitive agreements in respect of a US$250,000,000 secured convertible credit facility (the "Facility") with Gotham Green Partners, an investor in the global cannabis industry. "We are excited to close our investment into MedMen. The company has firmly established itself as the leading cannabis retailer in the United States with an unparalleled physical and brand footprint across the country," said Jason Adler , managing member of Gotham Green Partners.
MedMen Enterprises Inc. (“MedMen” or the “Company”) (MMEN.CN) (MMNFF) (FSE:A2JM6N) is pleased to announce that during its fiscal quarter ended March 30, 2019 the Company named Ryan Lissack Chief Technology Officer. In addition, the Company has accepted the resignations of Ben Cook, Chief Operating Officer, and Lisa Sergi, General Counsel and a member of the MedMen Board of Directors. “We appreciate the contributions of all current and former MedMen team members as we work to build the world’s leading cannabis company, and I have the utmost confidence in the management team.
MedMen Enterprises Inc. plans to release its financial results for the third quarter fiscal 2019 which ended on March 30th, 2019 after market close on May 29th, 2019.
MedMen Enterprises Inc. announced today unaudited systemwide revenue for its fiscal 2019 third quarter ended March 30, 2019.
("MedMen" or the "Company") (MMEN.CN) (MMNFF) (FSE:A2JM6N) is pleased to announce that it has entered into an equity distribution agreement (the "Equity Distribution Agreement") with Canaccord Genuity Corp. pursuant to which the Company may, from time to time, sell Class B subordinate voting shares (the "Subordinate Voting Shares") in the capital of the Company for aggregate gross proceeds of up to CDN$60,000,000 . The At-the-Market equity financing program (the "ATM program") is designed to enable the Company to issue Subordinate Voting Shares from treasury at lower cost than traditional offerings, without discount and at prevailing trading prices.
MedMen Enterprises Inc. announced today closing its acquisition of licensed cannabis retailer Sugarleaf Trading Co., located in the Northern California city of Seaside.
("MedMen" or the "Company") (MMEN.CN) (MMNFF) (FSE:A2JM6N) is pleased to announce that it has filed a final short form base shelf prospectus (the "Shelf Prospectus") with the securities regulatory authorities in each of the provinces and territories of Canada . The Shelf Prospectus will, subject to securities regulatory requirements, enable the Company to make offerings of up to CAD$500 million of any combination of Class B subordinate voting shares, preferred shares, debt securities, subscription receipts, warrants and units (all of the foregoing, collectively, the "Securities") during the 25-month period that the Shelf Prospectus, including any amendments thereto, remains valid.
Leafbuyer Technologies Inc (OTC:LBUY), CV Sciences Inc (CVSI), MedMen Enterprises Inc (MMNFF) (MMEN.CN), and Terra Tech Corp (TRTC) represent 4 marijuana stocks leading the pack on Monday. More than ever, consumers depend on online resources to research the products they are interested in buying and, prior to Leafbuyer's platform, no reliable source existed for information on cannabis and related products. Leafbuyer Technologies Inc (OTC:LBUY) earlier this month announced that the total number of Greenlight platform users has reached nearly 80,000.
State legislators and lawmakers have seen the opportunities presented by supporting cannabis economies in their home states, and have advocated for legislation in favor of marijuana legalization. The past year has seen a major boom in terms of individuals who support the regulated cannabis industry, resulting in an exponential increase in persons looking to invest in the sector. Next Green Wave Holdings Inc (NXGWF) (NGW), MedMen Enterprises Inc (MMNFF), Namaste Technologies Inc (NXTTF), and HEXO Corp (NYSE American: HEXO) are 4 pot stocks worth keeping on your radar as we close out this week.
MedMen Enterprises Inc. (MMEN.CN) (MMNFF) (FSE:A2JM6N) (“MedMen” or the “Company”), is pleased to announce that it has signed a binding term sheet for a senior secured convertible credit facility of up to US$250,000,000 (the “Facility”) from funds managed by Gotham Green Partners (“GGP” or the “Investor”), an investor in the global cannabis industry. “This strategic partnership with Gotham Green Partners represents another key milestone for MedMen and stems from our long-standing relationship with The Cronos Group and GGP’s brand portfolio,” said Adam Bierman, CEO of MedMen.
MedMen Enterprises Inc. (“MedMen” or the “Company”) (MMEN.CN) (MMNFF) (FSE:A2JM6N) today announced that it has completed the sale of two properties to Treehouse Real Estate Investment Trust, Inc. (“Treehouse”) with gross proceeds of approximately $33.5 million and net proceeds of approximately $30.6 million after repayment of debt. “This is our second transaction with Treehouse and we’ve now freed up nearly $49 million to invest directly into our growth initiatives,” said Adam Bierman, MedMen’s chief executive officer and co-founder. The properties are comprised of a retail storefront in Las Vegas, Nevada and a cultivation, manufacturing and production facility in Desert Hot Springs, California.
MedMen Enterprises Inc. , today announced that Adam Bierman, MedMen chief executive officer and co-founder, will present at the 31st Annual ROTH Conference on March 19, 2019, at 11:00AM PST at The Ritz Carlton in Laguna Niguel, California.
MedMen Enterprises Inc. (“MedMen” or the “Company”) (MMEN.CN) (MMNFF) (FSE:A2JM6N) today announces that Adam Bierman, CEO and Co-Founder, will participate in a featured session at South by Southwest® (“SXSW®”), the annual film, culture, music and technology event in Austin, Texas on Thursday, March 14 at 12:30 PM Central Time at the Hilton Austin. The session, titled “Cannabis: The New Normal with Adam Bierman,” will discuss what cannabis culture looks like today as mainstream perceptions evolve. The format will feature a fireside chat led by Abby Schreiber, Executive Editor of Paper Magazine and Managing Editor of EMBER, a journal of cannabis and culture produced in collaboration between MedMen and Paper’s parent company, ENTTech Media Group.
MedMen Enterprises Inc. is pleased to announce that it has closed its previously announced acquisition of Kannaboost Technology Inc.