Cannabis News Box

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MedMen’s CFO trial launches with ferocious claims of illegal activity

Bethan Rose Jenkins, Cannabis News Writer/Editorial October 27, 2021

On Friday, October 22, MedMen’s highly publicized CFO trial kicked off. The legal battle, which took place in Los Angeles, involved an extremely heated initial day of testimony.  Taking the stand...

https://thecbdvalley.com/wp-content/uploads/2019/03/medmen-696x481.jpg

MedMen raises $16 million to broaden business operations across the State of Florida

Bethan Rose Jenkins, Cannabis News Writer/Editorial March 31, 2021

MedMen Enterprises, which has garnered attention in recent times for being a financially restrained company, has revealed that it will expand operations across Florida. Impressively, the cannabis company...

https://www.newswire.ca/news-releases/aurora-cannabis-announces-ceo-retirement-and-succession-board-of-directors-expansion-and-business-transformation-plan-869307955.html

Aurora Cannabis is undergoing a drastic restructuring phase

The cannabis company has reviewed "all business operations and concluded that certain assets and goodwill values as at Dec. 31, 2019 exceed current fair-market valuations."
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...

http://www.crainsnewyork.com/article/20170201/HEALTH_CARE/170209989/queens-cannabis-company-bloomfield-industries-to-move-upstate-after-being-acquired-following-a-period-of-poor-management-and-complaints-from-customers

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...

Cannabis legalization campaign in Florida rakes in $1 million in contributions

Cannabis legalization campaign in Florida rakes in $1 million in contributions

Within a five-month period – from now until February – a total of 766,200 verified voter signatures are needed, so as to ensure the initiative qualifies for the 2020 ballot
Bethan Rose Jenkins, Cannabis News Writer/Editorial September 25, 2019

One month since a petition was filed encouraging Florida's lawmakers to include a constitutional amendment on the 2020 ballot for adult-use cannabis legalization, contributions have hit the $1 million...

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

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

The goal of Los Angeles' Cannabis Social Equity Program is "to promote equitable ownership and employment opportunities in the cannabis industry in order to decrease disparities in life outcomes for marginalized communities, and to address the disproportionate impacts of the War on Drugs in those communities.”
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...

https://thecbdvalley.com/wp-content/uploads/2019/03/medmen-696x481.jpg

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

MedMen will use the investment from Gotham Green Partners to “operationalize the balance of [its] footprint"
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...

http://www.crainsnewyork.com/article/20170201/HEALTH_CARE/170209989/queens-cannabis-company-bloomfield-industries-to-move-upstate-after-being-acquired-following-a-period-of-poor-management-and-complaints-from-customers

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

Many of MedMen’s California stores are said to rake in more than $20 million in annual revenue
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,”...

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