MedMen Enterprises Inc. Price, Forecast, Insider, Ratings, Fundamentals & Signals

Boca raton, fla.--(business wire)--medmen enterprises inc. (“medmen” or the “company”), a cannabis company with subsidiaries operating across the united states, today announced that it made an assignment into bankruptcy pursuant to canada's bankruptcy and insolvency act (the “bankruptcy proceedings”) on april 24, 2024 and b. riley farber inc. was appointed as the company's bankruptcy trustee (in such capacity, the “bankruptcy trustee”). the company's chief financial officer, amit pandey, resign.

Boca raton, fla.--(business wire)--medmen enterprises inc. (“medmen” or the “company”) (cse: mmen) (otcqx: mmnff), a premier cannabis company, today announced that ellen deutsch harrison has stepped down as the chief executive officer and a board member effective january 19, 2024 and the board has appointed richard ormond as chief restructuring officer. furthermore, michael serruya, executive chairman of the board, who has served on the board since august 2021, has stepped down from the board e.

Boca raton, fla.--(business wire)--medmen enterprises inc. (“medmen” or the “company”) (cse: mmen) (otcqx: mmnff), a premier cannabis company with operations across the united states, today announced that the company has completed the previously announced sale of its non-core business operations in arizona to an affiliate of mint cannabis (“mint cannabis”). the pending sale of the company's assets in nevada to mint cannabis awaits regulatory approval for completion. “we are pleased to announce.

Boca raton, fla.--(business wire)--medmen enterprises inc. (“medmen” or the “company”) (cse: mmen) (otcqx: mmnff), a premier cannabis company with operations across the united states, is providing this bi-weekly default status report in accordance with national policy 12-203 – management cease trade orders ("np 12-203"). on november 2, 2023, the company announced that it had been granted a management cease trade order against the company's ceo and cfo (“mcto”) by its principal regulator, the br.

Boca raton, fla.--(business wire)--medmen enterprises inc. (“medmen” or the “company”) (cse: mmen) (otcqx: mmnff), a premier cannabis company with operations across the united states, today announced that it has entered into definitive agreements to sell its non-core business operations in arizona and certain assets in nevada to an affiliate of mint cannabis (“mint cannabis”), a private multi-state cannabis operator headquartered in arizona. the transactions consist of the sale of medmen's whol.

Cannabis company MedMen Enterprises Inc (CSE:MMEN, OTCQX:MMNFF) announced late on Friday that it entered bankruptcy proceedings in Canada with about C$561.5 million in liabilities. Additionally, it said its wholly-owned California-based subsidiary MM CAN USA has been placed into receivership in the Los Angeles Superior Court, Santa Monica Division, meaning the company has effectively been ordered to liquidate its California assets.

Former high-flying cannabis company MedMen Enterprises Inc. filed for bankruptcy protection late Friday with about C$561.5 million ($411 million) in liabilities.

Recent developments underscore the turbulent scenario investors are grappling with in the cannabis sphere, shedding light on the cannabis stocks to sell. While the U.S Drug Enforcement Administration mulls over changing marijuana's Schedule 1 status and the Health and Human Services leans towards relaxing federal restrictions, a sliver of hope emerges.

MedMen Enterprises Inc.'s stock has drawn a cease-trade order as the once high-flying cannabis company has dropped from a $3 billion valuation in 2018 to near zero.

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MedMen in 2018 became the first marijuana company to achieve a $1 billion valuation, but the company is now short on cash and is nearing collapse.