Category Archives: MedMen

Former MedMen Employees Bring Class Action Lawsuit Against Cannabis Giant

Cannabis retailer MedMen is facing a class action lawsuit from former employees who say the company has committed multiple violations of labor laws. The suit was filed on November 16 in California Superior Court in Los Angeles against two MedMen subsidiaries, Manlin I and DT Fund II Group, according to a report from Marijuana Business Daily. The […]

Marijuana firm MedMen scales back financing, appoints interim CFO

MedMen Enterprises is slashing its latest funding round as the firm’s stock tumbles and the California cannabis company hunts for a new chief financial officer. The multistate cannabis firm revealed Friday that CFO James Parker resigned. The company appointed Jim Miller, vice president of accounting, as interim CFO while the firm searches for a replacement […]

MedMen Files Trademark Application For the Word ‘Cannabis’

Cannabis retailer and cultivator MedMen has filed a trademark application for the word “cannabis,” it was revealed recently. The application to trademark the word for use in connection with “T-shirts; Short-sleeved or long-sleeved t-shirts” was filed with the U.S. Patent and Trademark Office (USPTO) on October 3. Photographs included with the application depict graphic T-shirts […]

MedMen pens $33 million deal to expand its reach in Arizona cannabis market

Los Angeles-based MedMen inked a $33 million deal to acquire an Arizona-based vertically integrated marijuana firm. The cash and stock deal will give MedMen a controlling interest in cannabis cultivator, producer and retailer Kannaboost Technology and CSI Solutions – referred to collectively as Level Up. Here are the basics behind the deal: MedMen expands its […]

MedMen inks blockbuster $682 million stock deal to acquire medical cannabis firm PharmaCann

MedMen Enterprises has agreed to acquire multistate medical marijuana company PharmaCann in an all-stock deal valued at $682 million, inking what is believed to be the largest acquisition to date in the U.S. cannabis industry. The deal will double the number of states where Los Angeles-based MedMen has licenses to operate – expanding the firm’s […]

MedMen inks dispensary deal to enter Illinois medical cannabis market

Los Angeles-based MedMen announced its second acquisition of the week to expand its national footprint – this time into the Illinois medical marijuana market. The multistate marijuana business agreed to acquire Seven Point, a licensed medical cannabis dispensary in the Chicago suburb of Oak Park. Terms of the deal weren’t disclosed, but it comes on the heels […]

MedMen inks CA$75M equity financing deal to expand US cannabis operations

Los Angeles-based MedMen Enterprises says it expects to raise up to 75 million Canadian dollars ($57 million) in a bought-deal equity financing plan, with the proceeds to be used to expand its U.S. retail footprint. Here’s a rundown of the deal: Toronto-based Eight Capital and Cormark Securities – as co-lead underwriters and joint bookrunners – […]

Former Los Angeles mayor Antonio Villaraigosa joins cannabis company MedMen

(Via Flickr.com/neontommy) Former Los Angeles Mayor Antonio Villaraigosa is trading in politics for greener pastures. Villaraigosa was named to the board of directors for the publicly traded cannabis company MedMen, reports KTLA News. “Few people understand Los Angeles and our home state better than Mayor Villaraigosa,” said MedMen Co-founder and CEO Adam Bierman in a […]

Big hits: Cannabis companies on pace to raise record $8 billion in 2018

Marijuana companies across the globe are on pace to raise a record $8 billion by the end of 2018 as more companies go public and scale to meet growing demand, an analysis of recently released market data shows. Through the end of June, cannabis companies raised a record $4.3 billion – more than triple the […]