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(CTN News) - MedMen, a multistate cannabis corporation, has filed for bankruptcy in Canada, leaving the industry with around $411 million in obligations.
Multistate cannabis operator MedMen leaves the industry by filing bankruptcy proceedings in Canada with about $411 million in liabilities.
MedMen Enterprises Inc. (OTCMKTS:MMNFF – Get Rating) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 481,900 shares, a decline of 21.8% from the March 15th total of 616,300 shares. Based on an average trading volume of 3,858,400 shares, the days-to-cover ratio is […]
Ownership behind the Cleveland-founded craft brewery known for beer, pizza and coffee will be licensing the Saucy brand to a Michigan marijuana products manufacturer in an endeavor operating independently of the brewery enterprise. Plus, an update on the brewery's crowdfunding and expansion efforts.
A California state court jury found Monday that MedMen did not constructively discharge or breach the contract of the cannabis giant's former chief financial officer, awarding no money to the executive after he sought a payout of over $24 million.