Last month, MedMen Enterprises (CSE:MMEN) (OTCQX:MMNFF) disclosed that it secured an investment from Gotham Green Partners worth $250 million. Today, the Los Angeles-area cannabis company announced that it’s closed that investment. On the news, MedMen stock appears to be fluctuating between the green and red zone.
MedMen Stock Fluctuating after Closing $200M InvestmentBack in March, MedMen Enterprises called the investment the largest “to date by a single investor in a publicly traded cannabis company with U.S. operations.” The company also said the partnership with Gotham, a global cannabis investor, “represents another key milestone for MedMen.” ...
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