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LQSIF - The Retail JV Of Cronos And MedMen Is Likely Doomed
Alcanna Inc
Does anyone still remember when MedMen (otcqb:MMNFF) and Cronos (CRON) announced their retail joint venture back in March 2018? More than a year has passed and nothing has been announced. In fact, we think it is likely that nothing will be announced. The joint venture is looking more and more like a flop and both companies have not updated investors since. We think the failure of the joint venture hurts MedMen more than Cronos due to the former's recent struggles in the stock market.