Friday, September 12, 2025
Weed Deep Dive
  • Politics
  • Lifestyle
  • Business
  • Medical
  • Shop
No Result
View All Result
Weed Deep Dive
  • Politics
  • Lifestyle
  • Business
  • Medical
  • Shop
No Result
View All Result
Weed Deep Dive
No Result
View All Result

MedMen is in big financial trouble

Graham Cooper by Graham Cooper
February 8, 2023
in Business, Featured
136
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
Views: 141

Okay this is the last story about financial woes in this Cannabis Winter.

MedMen was once on top of the world. It was valued at $1.7 billion and was nicknamed the Apple Store of weed. Since then, the company has plunged is about to collapse.

According to a recent regulatory filing, MedMen only has $15.6 million cash in hand with $137.4 million in debt. It’s looking unlikely it’ll be able to make it out of this situation without bankruptcy in the cards.

“The conditions described above raise substantial doubt with respect to the company’s ability to meet its obligations for at least one year,” MedMen says in the filing.

We had just reported on a story in which Tilray had quietly abandoned its mission to make $4 billion in annual income, and there are many other marijuana companies in similar positions.

When MedMen went public on the Canada Stock Exchange, they were trading up at around $8. Now, they’re stock trades for 4 cents.

Read the original story at Fortune.

Previous Post

Oklahoma Judge Rules Marijuana Users Have Constitutional Right To Own Firearms

Next Post

Cannabis Company Canopy Growth Expected To Lay Off 60% Of Workforce

Graham Cooper

Graham Cooper

Related Posts

California and New York Cannabis Brands Fight For the First MJBowl National Champion Award

California and New York Cannabis Brands Fight For the First MJBowl National Champion Award

by Keegan MacDonald
September 11, 2025
0

The cannabis industry will crown its first national champions this December at the debut of MJBowl, a bi-coastal competition uniting...

The New Prime Minister of Thailand Got Marijuana Decriminalized in 2022, Could Full Legalization be Coming Soon?

The New Prime Minister of Thailand Got Marijuana Decriminalized in 2022, Could Full Legalization be Coming Soon?

by Keegan MacDonald
September 11, 2025
0

Anutin Charnvirakul, a veteran Thai politician long associated with cannabis reform, was officially appointed prime minister Sunday following a royal...

Kellyanne Conway is a big proponent of rescheduling marijuana

Kellyanne Conway is a big proponent of rescheduling marijuana

by Graham Cooper
September 9, 2025
0

Kellyanne Conway has had a rollercoaster ride within the orbit of Donald Trump. When he initially came to power in...

CBD Has Huge Potential in Dermatology, Here’s Some of the Benefits

CBD Has Huge Potential in Dermatology, Here’s Some of the Benefits

by Keegan MacDonald
September 9, 2025
0

A growing body of scientific evidence is pointing to cannabidiol (CBD) as a promising tool in dermatology and cosmetic science,...

Next Post
Cannabis Company Canopy Growth Expected To Lay Off 60% Of Workforce

Cannabis Company Canopy Growth Expected To Lay Off 60% Of Workforce

Latest

California and New York Cannabis Brands Fight For the First MJBowl National Champion Award

California and New York Cannabis Brands Fight For the First MJBowl National Champion Award

September 11, 2025
The New Prime Minister of Thailand Got Marijuana Decriminalized in 2022, Could Full Legalization be Coming Soon?

The New Prime Minister of Thailand Got Marijuana Decriminalized in 2022, Could Full Legalization be Coming Soon?

September 11, 2025
Kellyanne Conway is a big proponent of rescheduling marijuana

Kellyanne Conway is a big proponent of rescheduling marijuana

September 9, 2025
ADVERTISEMENT
Sign up for the WDD Newsletter

Categories

  • Business
  • Featured
  • Lifestyle
  • Medical
  • Politics
  • Uncategorized

Recent Posts

  • California and New York Cannabis Brands Fight For the First MJBowl National Champion Award
  • The New Prime Minister of Thailand Got Marijuana Decriminalized in 2022, Could Full Legalization be Coming Soon?

Browse by Tag

cannabis covid marijuana ban ncaa

AFFILIATES

© Weed Deep DIve. All rights reserved.

No Result
View All Result
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop

© Weed Deep DIve. All rights reserved.