MedMen stock is suffering today following news coverage of the company’s financial troubles, dropping to $4.09 CAD by 1:25 pm EST, down $0.21 (-4.88%) on the Canadian Securities Exchange.
Despite MedMen Enterprises (CSE:MMEN) (OTCQX:MMNFF) being one of the best-known cannabis retailers in the US and receiving a hefty $250 million investment from cannabis industry lender Gotham Green Partners last week, MedMen stock risks running out of money within a matter of months if it can’t raise more funds.
MedMen Stock Running on FumesMedMen Enterprises released financial statements last month that revealed its need ...
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