Originally Posted by Medfinder
Pot firms face a cash crunch and no access to U.S. bankruptcy protection
MedMen recently slashed its corporate staff by more than 40%. Above, marijuana products for sale at a MedMen store in 2018. Story from need la times..
DEC. 17, 2019
Well ya, for the pump n dump scammers. MedMen isn’t exactly the little guy. It’s a multi million dollar operation that’s running on investor cash through stock dilution practices. Im not sure they’ve ever been profitable as a company. The two dudes that started it are living like playboys flying in private jets, writing million dollar bonuses for themselves, and hemorrhaging cash that came from eager investors.