Cannabis News Box

Aurora Cannabis is undergoing a drastic restructuring phase

Aurora Cannabis is undergoing a drastic restructuring phase

Bethan Rose Jenkins, Cannabis News Writer/Editorial

February 13, 2020

In January, shares of pot stock Aurora Cannabis Inc. sunk by 12.5 percent. This wasn't the only thing that shook the Canadian cannabis company this year. On Thursday, February 6, a statement from Aurora announced that Chief Executive Terry Booth will be retiring from his role amid "sweeping changes"...

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...

Los Angeles’ cannabis equity program has failed to meet its target

Los Angeles’ cannabis equity program has failed to meet its target

Bethan Rose Jenkins, Cannabis News Writer/Editorial

August 13, 2019

When California legalized recreational cannabis under the terms of Proposition 64 back in 2016, nobody would have anticipated that it would take so long for former cannabis convicts and financially restrained individuals to receive cannabis social equity licenses.  Acknowledged as the largest cannabis industr...

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...

CEO of MedMen describes Oregon and Colorado’s cannabis markets as “horrible”

CEO of MedMen describes Oregon and Colorado’s cannabis markets as “horrible”

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 3, 2018

Adam Bierman is the CEO and co-founder of MedMen Enterprises – a cannabis company with operations spanning across California, Florida, Nevada and New York. Nicknamed the "Apple Stores of weed,” MedMen runs 18 licensed cannabis facilities in the retail, manufacturing and cultivation industries. ...

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