MedMen stock is under heavy selling pressure in Thursday’s session as MedMen Enterprises (CSE:MMEN) (OTCQX:MMNFF) released its third-quarter revenue, which didn’t meet analysts’ forecast. In particular, MedMen’s quarterly loss was higher than estimates.
Cannabis retailer MedMen Enterprises was one of the hottest stocks in the segment in the early part of this year when it announced a significant jump in revenue back in February. At that time, revenue came in at $29.4 million, which reflected a significant 864.5% jump and, naturally, MedMen stock went up as a result.
Revenue Jumps 156% Y-O-Y But Misses Estimate ...Read The Full Article On PotStockNews.com
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