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MedMen Enterprises Inc. (MMNFF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.1757-0.0034 (-1.90%)
At close: 3:59PM EST
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  • W
    Wood
    https://ceo.ca/api/sedi?insider=&symbol=MMEN&date=&transaction=&amount=&undefined[company_symbol]=MMEN

    More insider (not short) selling. There has been some solid buyer interest but so long as insiders keep selling large amounts, it will be difficult to meaningfully move up. As per the attached Sedi link, Dan Tierney is the latest insider who has unloaded close to 7 million shares in the last week or so. Let's see what Friday and today's Sedi filings look like when they are filed later this week. but our current biggest threat is the insider selling that has resulted from the debt load, not the debt load itself.
    SEDI filings for
    SEDI filings for
    ceo.ca
  • D
    Don
    I was here a few months ago telling everyone to buy in the 0.12 range. I disclosed that I was adding to my position at that time and that I would continue adding on every lower drop. Here I am fat in green. Companies that expand into a new national market at the rate did MedMen will always incur the expense of such a massive startup. All the negative around the "OMG, debt!" is to my benefit. Every successful company, especially the massive gainers, all had or still have debt. Debt is a tool for building business. Without the advantage of debt, there would be no Adam Bierman, former CEO of MedMen for your agressive land grab to accelerate MedMen's footprint. Without you, MedMen would be a tiny 2 store company, but instead, stores are everywhere and more opening on the way. The debt will get paid off. Mergers will happen. Partnerships will be formed. Build it and they will come. Oh wait, they are already coming. Profits are up. The sun is coming out. New administration will legalize on Federal level opening the gates to new horizons. Mr. Bierman, you were a wild and crazy guy, but you had the vision to drive forward boldly into the future. Now a more conservative management is at the helm, but without your boldness, all they would be driving is a fraction of the size. Now, this large plethora of stores is flourishing and new management is conservatively following your footsteps by adding more stores while reducing debt and building profits. Both teams were a necessary part of the process. Bierman for boldly building in the early days and now our new management for stabilizing yet continuing to build. It is all as it should be. MedMen is growing and succeeding. Thank you Bierman, thank you lenders of debt, and thank you Tom Lynch and to all the new team. I love your stores and your brand and am committed a long term investment. See you back at $5 and beyond. Oh, and by the way, please consider merging with HEXO and Molsen Coors for national drink distribution. Also, merge with Hooters.
  • M
    Matthew
    Basically as simple as this...The Old Managment at MedMen lost Alot of the deep pockets trust and just need more proof they're finally on the right track be be back on top!! Simple as that...I'll just continue to accumulate and this retirement plan will fall into place ;-) Sooner or Later $$$$$$ Good luck new and old true investors!! hold strong
    Bullish
  • B
    BC
    Why is there such huge resistance @ 0.18US (or 0.23CAD)?!? It can't break through this level.
    F'ken do something about this board members! Gawd.
  • T
    Tyrone
    Medmen had 10 dispensaries in the lucrative Florida market but closed 6 of those due to poor sales and insufficient product to sell (as reported by company), they have since shuttered/sold other assets to pay the ever increasing debt load. There is NO money for expansion, they are borrowing more money each month to pay day to day bills. Read the last press release, the company lays out clearly how dire the cash situation is including a warning from the board of directors and a Going Concern Warning.
  • B
    Brad
    within three months we will have rec. in ny which will be as big as illinois or close to cali.. guestimate add over 5 million per quarter from ny rec alone.
    Bullish
  • T
    Todd
    Hey naysayers, just imagine if you're one of the new executives at Medmen putting together the plan to steer the ship to financial success and you see some folks on this message board that constantly spam negativity to harass any potential investor in your company? We know you're aim is to scare anyone from taking a position in this company. We know also that folks investing in any company needs to do DD when making their decision and we're all capable of looking at all the factors without being reminded of every negative possibility 24x7. I know as an Exec I'd be awfully irritated. As a long term investor I can say it's offensive in many ways.
  • j
    jibbity
    Sometimes negative facts are just that, real things that are negatives, and should be heard. What I don't understand is the seemingly obsessive commenting bashing a stock. I think everyone hear is aware of the risks of MMNFF stock. It's a gamble that we're willing to take. Perhaps you should direct your energies into finding some investments you'd like to take a risk on instead of wasting your time here. Just an idea. Anyway, I wish you well and I hope you all become stock market millionaires and live out your dreams.
  • N
    Nizzle Supreme
    you know, for some form of "dilution" ... this sure didn't move down much ...
  • r
    rick
    I bought more .It's only getting better.Long term holder
  • B
    Bill
    @dylan I would not have acct with them either. Their stock definitely looks better then this medmen scam though. However I wont be buying any very happy with investments I have now
  • M
    Matthew
    Couldn't be more excited for this yr for MedMen, they're on the upside of the turnaround with the last earnings being first time EBITDA positive ever (jumped positive 19%) first time ever positive income, 36% increase in revenue and the list goes on!!! They got all the right people in charge getting all the financial in order and just plain out on the right track to be On Top once again!! Can't wait for the next earnings and proving to the deep pockets that its time to start dumping cash here ;-) I'm long regardless with 60k and accumulating so GLuck to all the real investors....MedMen Strong Baby, have a great day Fam
    Bullish
  • r
    rick
    eight stores

    The Company expects to have eight stores open in the state by the end of calendar 2021. Illinois: The Company's flagship store in Oak Park was the highest revenue store in the Company's national portfolio. The Company is evaluating sites for a second location in the state.
  • T
    Tyrone
    Down a few posts you'll find a good one from @Wood with a link to SEDI filings for MedMen. Keep in mind outstanding shares has increased from 191m to 515m in fifteen months, company has stated they are on the hook to lenders for a total of 1.33 BILLION shares and Authorized shares are UNLIMITED. Unfortunately do to the $6.1m monthly cash burn the company is forced back to the lenders each month.
  • M
    MarketBreaker
    A few millions to pump this micro cap stock . Soon this stock will outperform the cannabis sector.
    Bullish
  • E
    Even
    picked up 20k share today. I think this company is a gamble but better odds than vegas! with Dems in control whole sector is going to fly companies such as this will have the biggest return IF they get their*#$& together. good luck longs
  • D
    Dylan
    The notice Tyrone is referring to is from their awful quarter during COVID and the riots. Last Q was much better. Positive cash flow and EVITA. 72 million warrants were burnt indicating a second quarter of CFP. To me this share and debt restructuring looks to be a simplification for a potential sale of the business. They wouldn't loan another 10 million if they were done, not now with the Dems about to take it all. They would completely shut down Florida if they were going to call it quits and cut costs across the board before declaring BK, not funnel more cash into the business.
  • a
    antman
    Bill Wolf and Tyrone at it early lol...✊😮✊
  • S
    SAM 7
    cultivates, produces, distributes. More than 25 stores in different states. Our time will come.
    Bullish