MedMen stock has suffered off the back of MedMen Enterprises’s (CSE:MMEN) (OTCQX:MMNFF) recent fiscal third-quarter operating results released Wednesday, May 29.
The upmarket cannabis retailer showed increasing sales of 20% from the previous year, but that success was marred by operational losses exceeding $63.1 million. Now MedMen stock is selling for $2.98 CAD on the CSE, having fallen 7% since it announced those results.
MedMen Stock DecliningDespite the company losing money, there are beacons of hope coming in from analysts at major institutions. One such analyst is Seaport’s Brett Hundley who believes a ...
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