MedMen (CSE:MMEN)

  • Symbol:CSE:MMEN
  • Ticker 2:OTC: MMNFF
  • Sector:Healthcare
  • Industry:Pharmaceutical
  • CEO:Adam Bierman
  • Founded:2010
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MedMen (CSE:MMEN) Stock Price

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MedMen (CSE:MMEN) Company Overview

MedMen, (CSE: MMEN) was founded in 2010 and has since become one of the undisputed leaders in the legal cannabis industry. Based in the U.S., MedMen has operations in Arizona, Illinois, California, Nevada, New York, and Florida. MedMen owns and operates 19 licensed cannabis facilities in cultivation, manufacturing, and retail.

The founders of the company, CEO Adam Bierman and President Andrew Modlin, have stated that MedMen's purpose is to "redefine society's relationship with cannabis."

In order to achieve this, the company has created the sleekest retail stores in the cannabis industry, adorned with iPads and glass pods for marijuana, which have a magnifying glass attached and open to release the fragrances from the plant.

The company also opened a 45,000 square foot greenhouse and manufacturing facility near Reno, Nevada with expectations of producing 10,000 pounds of high-quality cannabis annually and announced their new Californian delivery service in August this year.

Though one of the biggest moves for MedMen was on December 24th last year, in which the company made a massive $682 million purchase of PharmaCann, allowing MedMen to expand into the states of Pennsylvania, Maryland, Massachusetts, Ohio, Virginia, and Michigan, in addition to gaining dispensaries in New York and Illinois – making MedMen one of the biggest players in the game.

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