Cannabis News Box

CEO of MedMen Adam Bierman resigns, relinquishes voting control

CEO of MedMen Adam Bierman resigns, relinquishes voting control

Bethan Rose Jenkins, Cannabis News Writer/Editorial

February 10, 2020

MedMen appears to be having a complete revamp of its board. In December, president and cofounder of the cannabis retail chain, Andrew Modlin, surrendered his super voting shares. Now, his business partner – co-founder and CEO Adam Bierman – will also give up his class A voting shares. Restructuring pro...

Cannabis firm MedMen finishes first $80 million funding round from Gotham Green

Cannabis firm MedMen finishes first $80 million funding round from Gotham Green

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 14, 2019

According to a press release published by MedMen Enterprises Inc. at the end of April, the cannabis company has finalized its initial $80 million funding round of a $250,000 cash injection from Gotham Green Partners. MedMen has “signed a binding term sheet for a senior secured convertible credi...

Andrew Modlin