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Cannabis Company MedMen Declares Bankruptcy With $411 Million In Debt

(CTN News) - MedMen, a multistate cannabis corporation, has filed for bankruptcy in Canada, leaving the industry with around $411 million in obligations.

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MedMen Files for Bankruptcy

MedMen Files for Bankruptcy
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MedMen declares bankruptcy in Canada, enters receivership in US

MedMen declares bankruptcy in Canada, enters receivership in US
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Cannabis Company MedMen Goes Bankrupt With $411 Million In Liabilities

Multistate cannabis operator MedMen leaves the industry by filing bankruptcy proceedings in Canada with about $411 million in liabilities.

Los angelesUnited statesAndrew modlinAdam biermanAmit pandeyB riley farber incLos angeles superior court onCanadian securities exchangeInsolvency actLos angeles superior courtChief financial officerBankruptcy proceedingsReceivership proceedingsGreen market reportMarket watchGotham green partners

MedMen Announces Entering Bankruptcy Proceedings and Resignation of CFO and Directors

BOCA RATON, Fla. (BUSINESS WIRE) Apr 26, 2024

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