MedMen’s Epic Bankruptcy: The Bigger They Come ($1.7B), The Harder They Fall
Was anyone surprised that MedMen declared bankruptcy in Canada last week? The hundreds of laid-off workers, thousands of investors, stiffed landlords and suppliers, no doubt, had a few clues.
The California cannabis chain, with its ostentatious red awning on the outside and looking like the corporate clone of a French perfume shop on the inside, which likely earned it the “Apple Store of weed” appellation, made the bankruptcy announcement this past Friday.
Here Are A Few Hints
Once celebrated as a cannabis industry titan valued as high as $1.7 billion as a public company, MedMen was near financial collapse over a year ago according to a December 2022 regulatory filing with …