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25:
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MedMen was co-founded in 2010 by Adam
Bierman and Andrew Modlin. In an interview with Green Entrepreneur, the pair said they saw a business opportunity in the emerging cannabis industry and a chance to "redefine society's relationship with cannabis". In 2018, MedMen West Hollywood was one of the
230:
company. At its peak, it had operations in
California, Nevada, Arizona, Florida, Illinois, New York, and Massachusetts. MedMen owns and operates 29 retail stores and 6 cultivation facilities and is currently licensed to expand its footprint to 65 retail locations. Its stock began trading on the
401:
On March 11, 2024, it was reported by several sources that Medmen had closed its operations everywhere except for in San Diego and near LA International
Airport. The closures came not too long after the company's stock value dropped to zero, which lead to the ousting of their CEO and executive
307:. The company also initiated a $ 682 million acquisition of PharmaCann, although the deal eventually fell through. The acquisition would have set a record for the largest U.S.-based cannabis company buyout. The board decided the money would be better spent in increasing market share naturally.
389:
The company also raised nearly $ 200 million (debt and equity) from
September 2018 through November 2018, but reported only $ 80 million in cash on hand at year-end. In March 2019, MedMen announced a $ 250 million convertible financing facility with Gotham Green Partners.
260:
first cannabis retail stores to open in
California after the state's recreational cannabis laws went into effect. MedMen opened its first branded retail outlets in New York and in Nevada in 2018, and opened its first medical marijuana dispensary in Florida in 2019.
1945:
351:
On
February 1, 2020, Adam Bierman resigned as CEO and surrendered all of his Class A super voting shares. Ryan Lissack, MedMen's chief operating officer and chief technology officer, was appointed to serve as the interim CEO.
1727:
1910:
483:" cannabis brand, which originated in a 2018 episode. Multiple publications have noted similarities between the South Park ad and MedMen's Spike Jonze-directed ad, both of which begin with scenes featuring America's
329:
Lisa Sergi Trager, and senior vice president of corporate communications Daniel Yi resigned. Parker's lawsuit's claims resulted in the New York
Medical Cannabis Industry Association removing MedMen from its roster.
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658:
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On April 26, 2024, MedMen announced that they have entered bankruptcy proceedings in Canada, and its CFO Amit Pandey resigned immediately after the announcement. MedMen USA filed for voluntary
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355:
On March 30, 2020, MedMen announced it had appointed Tom Lynch as
Interim Chief Executive Officer and Chief Restructuring Officer. He previously served as Interim Chief Executive Officer of
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MedMen West
Hollywood was one of two licensed dispensaries operating in time for the start of legal recreational use in the Greater Los Angeles area on January 2, 2018.
1940:
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As of fall 2019, MedMen operated 32 dispensaries serving both medical and recreational customers in
Arizona, California, Illinois, Nevada, New York, and Florida.
1414:
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437:, to open opportunities for collaboration on "product development and market penetration" with MedReleaf CEO Neil Closner joining MedMen's board of advisors.
335:
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321:; while MedMen's CEO and its board denied the claims, calling them baseless and asserting that they will prevail in court. On April 19, 2019, MedMen's
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https://investors.medmen.com/press-releases/press-release-details/2019/MedMen-Announces-Fifth-Florida-Store-Opening-in-Jacksonville-Beach/default.aspx
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under the ticker symbol MMEN in 2018. The CSE suspended trading of MedMen's stocks on January 8, 2024 pursuant to cease trade orders from the
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On March 19, 2018, MedMen announced its cross-border, joint-venture partnership with Canadian company, Cronos Group, called MedMen Canada.
35:
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MedMen has opened eight stores in Florida to serve its medical marijuana market and plans to have nine stores open by the end of 2019.
422:
records, the first state license for a cannabis business in the city of Los Angeles went to MedMen Beverly Hills on January 19, 2018.
1192:
339:
called for a "national evidence-based regulatory regime for marijuana marketing" citing MedMen's nationally broadcast health claims.
54:
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72:
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In February 2019, MedMen announced a relationship with Treehouse Real Estate Investment Trust (“Treehouse”), a cannabis-focused
1890:
1689:
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820:
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526:
236:
1265:
Ayers, John W.; Caputi, Theodore; Leas, Eric C. (2019-05-16). "The Need for Federal Regulation of Marijuana Marketing".
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1367:"MedMen co-founder and CEO departs • New York State Bar Association recommends cannabis legalization • & more..."
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940:
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50:
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In April 2018, the company opened MedMen Mustang, a 45,000 square-foot greenhouse and manufacturing facility near
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1080:"High-end marijuana retailer MedMen just spent $ 682 million on the largest US cannabis acquisition in history"
348:
reported MedMen's cash burn rate $ 70 million per quarter as the company cut expenses by 20% from 2018 levels.
456:
touting the "normalization" of cannabis usage in American culture and linking the practice to founding father
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785:
706:
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https://investors.medmen.com/home/default.aspx?_ga=2.164530623.1428893993.1571871737-2060554665.1551660007
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1343:"MedMen's Failure Is Everything Wrong With Legal Cannabis (And Is Only The First Company To Implode)"
536:
383:
367:
318:
288:
In June 2018, MedMen announced its acquisition of a nursery and retail license to build 25 stores in
786:"EXCLUSIVE: MEDMEN, THE "APPLE STORE OF CANNABIS," LAUNCHES ITS FIRST WELLNESS-FOCUSED PRODUCT LINE"
571:"L.A. pot retailer MedMen has 12 shops, a $ 1.6-billion valuation and, coming soon, Canadian stock"
300:
1298:
557:"MedMen Reports Fourth Quarter and Fiscal Year 2019 Financial Results - Designated News Release"
1493:
1390:"MedMen Closes Senior Secured Convertible Financing and Provides Additional Corporate Updates"
1290:
1282:
1215:
867:"MedMen bets big on New York legalization by opening a luxury marijuana store on Fifth Avenue"
461:
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listing, MedMen raised approximately $ 110 million through a private placement at an implied
46:
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In May 2018, MedMen began construction on a second 45,000-square-foot cannabis factory in
651:"lA-based Medmen lists on the Canadian Securities Exchange with $ 1.6 Billion Valuation"
1848:"South Park mocks cannabis company MedMen with satirical response to Spike Jonze video"
1884:
1623:"Recreational marijuana sales are now allowed in LA , after shops get first licenses"
1302:
480:
433:
In 2015, MedMen partnered with MedReleaf, a Canadian marijuana producer now known as
224:
174:
812:
282:
264:
1720:"MedMen Leaps Into Canadian Cannabis Market For Joint Venture With Cronos Group"
449:
1690:"MedMen and MedReleaf Partner to Expand Medical Marijuana Services – MedReleaf"
317:
In 2019, MedMen former CFO, James Parker, filed a lawsuit claiming that he was
1776:
494:
472:
170:
159:
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1799:"South Park Seems To Take A Jab At Marijuana Company MedMen In Satirical Ad"
370:
liquidation and immediately discontinued all future operations permanently.
1294:
1278:
995:"MedMen opens state-of-the-art marijuana cultivation facility outside Reno"
498:
608:"MedMen inks $ 53 million acquisition of Florida cultivator, dispensaries"
1750:"Spike Jonze and Jesse Williams made a totally normal weed ad for MedMen"
1567:
732:
304:
227:
113:
1593:"High times for local smokers in WeHo – Park Labrea News/ Beverly Press"
1568:"Medmen Closes its Doors: Assessing the Impact on the Cannabis Industry"
92:
733:"MEDMEN ENTERPRISES INC (MMNFF) Stock Price, Quote, History & News"
476:
296:
289:
247:
in the United States under the ticker symbol MMNFF. MedMen is based in
243:, and the stocks were delisted on May 16, 2024. MedMen was also traded
1471:"MedMen's financial troubles are a warning for the marijuana industry"
1050:"MedMen CEO on US cannabis retail, 'blockbuster' PharmaCann takeover"
103:
267:
with expectations of producing 10,000 pounds of cannabis annually.
1946:
Medicinal use of cannabis organizations based in the United States
1134:"MedMen Reports Second Quarter Fiscal Year 2019 Financial Results"
1441:"MedMen - The First Billion Dollar Marijuana Startup? - Nanalyze"
1191:
Schlesinger, Thomas Franck, Scott Zamost, Jennifer (2019-04-19).
314:
that had raised $ 133 million to acquire properties from MedMen.
1162:"Fast-growing pot seller MedMen faces lawsuit by former insider"
941:"MedMen opens its first medical marijuana dispensary in Florida"
757:"MedMen's $ 1.65 Billion Listing Shows Cannabis Is Moving North"
311:
1648:"An Inside Look at MedMen, Lauded as the 'Apple Store of Weed'"
1193:"Top executives at MedMen quit amid claims of financial duress"
966:"MedMen Cannabis Production Facility in Nevada Nearly Complete"
707:"Bulletin 2024-0515 - Delist - MedMen Enterprises Inc. (MMEN)"
448:
In February 2019, the company released a video ad directed by
18:
1911:
Companies formerly listed on the Canadian Securities Exchange
1514:"Marijuana Dispensary Locations - MedMen Cannabis Dispensary"
1513:
1109:"MedMen And PharmaCann Cancel $ 682 Million Marijuana Buyout"
1024:"MedMen And PharmaCann Cancel $ 682 Million Marijuana Buyout"
295:
In the second half of 2018, MedMen acquired dispensaries in
916:"MedMen marijuana dispensary quickly expands in Las Vegas"
1317:"MedMen CFO Slashes Costs | Los Angeles Business Journal"
892:"Medical marijuana dispensary MedMen coming to Manhattan"
681:"Bulletin2024-0106 - Suspensions - SIXW, MMEN, BJB, LIDA"
1824:"Is South Park Planning to Join the Marijuana Industry?"
1415:"MedMen Announces It Is Entering Bankruptcy Proceedings"
359:
and before that chairman and chief executive officer of
277:
MedMen went public on the Canadian Stock Exchange via a
42:
1931:
Companies that filed for Chapter 7 bankruptcy in 2024
1875:
460:. The ad also criticizes anti-cannabis sentiment and
209:
53:, and by adding encyclopedic content written from a
1543:"Medmen closes all but 2 SoCal stores, report says"
204:
194:
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155:
137:
127:
119:
109:
99:
1926:Companies that have filed for bankruptcy in Canada
1469:cnbc.com, Alex Berenson, special to (2019-03-28).
842:"MedMen One of First Marijuana Shops Open in WeHo"
487:growing hemp, particularly George Washington.
8:
1498:: CS1 maint: multiple names: authors list (
1220:: CS1 maint: multiple names: authors list (
85:
336:Journal of the American Medical Association
1237:"Rise of Big Weed: MedMen's Growing Pains"
274:. It was scheduled to open in early 2019.
91:
84:
1921:American companies disestablished in 2024
73:Learn how and when to remove this message
813:"How MedMen Became the Starbucks of Pot"
1941:Retail companies disestablished in 2024
1896:Cannabis companies of the United States
548:
1916:American companies established in 2010
1491:
1213:
241:British Columbia Securities Commission
34:contains content that is written like
1756:from the original on 26 February 2019
1172:from the original on 25 February 2019
1155:
1153:
792:from the original on 27 November 2018
581:from the original on 10 November 2018
532:Medical cannabis in the United States
7:
1936:Retail companies established in 2010
661:from the original on 19 October 2018
602:
600:
598:
596:
281:(RTO). The company listed under the
1646:Rittenhouse, Lindsay (2018-10-01).
251:and has more than 1,000 employees.
14:
1775:South Park Studios (2019-07-19),
1160:Peltz, James (24 February 2019).
788:. Well and Good. 5 October 2018.
559:(Press release). 28 October 2019.
467:On July 19, 2019, the television
1341:Roberts, Chris (June 19, 2020).
511:
497:
186:
185:
23:
1822:Mitchell, Thomas (2019-07-25).
1748:Beer, Jeff (25 February 2019).
1730:from the original on 2019-04-14
1700:from the original on 2018-08-08
1603:from the original on 2018-08-07
1597:Park Labrea News/ Beverly Press
1524:from the original on 2019-04-16
1481:from the original on 2019-04-23
1451:from the original on 2018-08-07
1247:from the original on 2019-04-23
1235:Rodrick, Stephen (2019-04-16).
1203:from the original on 2019-04-23
1090:from the original on 2019-03-30
1060:from the original on 2019-04-23
1005:from the original on 2018-08-07
976:from the original on 2018-08-07
823:from the original on 2018-08-07
767:from the original on 2018-08-25
618:from the original on 2018-08-08
811:Small, Jonathan (2018-07-09).
475:released a satirical video on
272:Desert Hot Springs, California
1:
1621:Staggs, Brooke (2018-01-20).
527:Cannabis in the United States
285:symbol MMEN on May 29, 2018.
237:Ontario Securities Commission
1901:Cannabis companies of Canada
1048:Gurdus, Lizzy (2018-10-15).
865:Aiello, Chloe (2018-04-19).
711:Canadian Securities Exchange
685:Canadian Securities Exchange
394:Retail stores and facilities
345:Los Angeles Business Journal
233:Canadian Securities Exchange
1797:Jaeger, Kyle (2019-07-22).
890:Brodsky, Sam (2018-04-04).
1962:
479:to promote its fictional "
420:Bureau of Cannabis Control
90:
16:American cannabis company
945:Marijuana Business Daily
920:Las Vegas Review-Journal
612:Marijuana Business Daily
361:Frederick's of Hollywood
1876:MedMen official website
846:NBC Southern California
639:(subscription required)
380:Canadian Stock Exchange
333:Irally.n May 2019, the
323:Chief Operating Officer
249:Culver City, California
1891:Cannabis in California
1279:10.1001/jama.2019.4432
444:Marketing and branding
143:; 4 months ago
1676:registration required
1321:labusinessjournal.com
319:wrongfully discharged
55:neutral point of view
1138:investors.medmen.com
713:. September 11, 2024
537:Legality of cannabis
384:enterprise valuation
368:Chapter 7 bankruptcy
386:of $ 1.65 billion.
301:Northern California
225:United States-based
196:Number of employees
190:$ 130 Million(2019)
141:April 26, 2024
87:
47:promotional content
1694:shop.medreleaf.com
342:In June 2019, the
221:MedMen Enterprises
49:and inappropriate
1273:(22): 2163–2164.
1166:Los Angeles Times
970:Greenhouse Grower
817:GreenEntrepreneur
737:finance.yahoo.com
687:. January 8, 2024
462:American drug war
458:George Washington
418:According to the
406:Business strategy
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1421:. April 26, 2024
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519:Companies portal
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485:Founding Fathers
452:and narrated by
279:reverse takeover
245:over-the-counter
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1396:. 30 March 2020
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577:. 25 May 2018.
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505:Cannabis portal
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469:animated comedy
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1599:. 2018-01-03.
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