- Ticker 2:OTC: MMNFF
- CEO:Adam Bierman
MedMen (CSE:MMEN) Stock Price
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.
- Address:10115 Jefferson Boulevard, Culver City, CA 90232, USA
MedMen (CSE:MMEN) Financials
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He has a diverse background in public relations and marketing, and completed his education at University of Southern California and Brandeis University. Bierman began his career as a sports agent, before eventually landing a position as the director of marketing for an international gaming corporation.
He is also credited with several innovations in cannabis cultivation and manufacturing, and oversees MedMen’s operational aspects.
He completed a Bachelor of Science degree at Kansas State University in 1987 and is also a Certified Public Accountant. Kramer has three decades of retail experience—excelling in both operational and financial roles—working as as CFO for high-profile retailers, such as Apple Retail Inc., Forever 21, and Abercrombie & Fitch.
Executive Chairman of the Board
He has more than 20 years of experience in both financial markets and entrepreneurial finance, having served as a managing director, portfolio manager and trader for a variety of institutional, high performance investment firms.