GREY:CVHIF - Post by User
Post by
brentski99on Mar 18, 2020 4:18am
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Post# 30820156
Medmen assets in California should be cheap.....
Medmen assets in California should be cheap.....Nice licensed state of the art stores with strong sales from what I hear. Looks like they will be done soon and the bailiffs will be moving in. That is what happens. Secured creditors auctioning off assets. Their problem is a lot more complicated and it is not a lack of sales pulling them down.
It is debt firstly, a troubled licensed MJ industry in general and now on top of it, the coronavirus and a stock market major correction or crash if you prefer to call it that.
Vcan is really, really in a very good spot compared to Medmen and many others we have envied and followed in the past year - wanting to be just like them as they seemed to be setting the cannabis world on fire. Now look at them. Then look at us!