MedMen stock is down over 5% today despite MedMen Enterprises (CSE:MMEN) (OTCQX:MMNFF) announcing the opening of its fifth store in Florida.
MedMen Stock Nears Two-Year LowMedMen Enterprises announced the opening of a new retail location in Jacksonville, Florida, bringing its number of brick-and-mortar storefronts in the Sunshine State to five and 30 nationwide. MedMen is licensed to operate up to 35 stores in Florida and plans to open an additional seven by the end of the year. Despite the continued expansion, MedMen shares are currently trading at $1.50, close to a two-year low.
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