Medmen Enterprises Inc MMNFQ

RE:RE:RE:RE:BE CAREFUL

[bloozguy]

@dseegs....against my better judgement, I'm going to try to reason with you on one point. I am not bashing MMEN, since I own CRON I have an interest in them doing well (JV) But the point many here are trying to make if you would take your rose coloured glasses off for one second is that the offering is overpriced plain and simple. There can be no rebuttal here, the market is driving it down because....they are unknown in Canada....they have execs that seem to be very greedy....(notice I did not say corrupt) as you say they have been around for 8 years BUT HAVE YET TO MAKE A PROFIT, in fact they have LESS revenues per quarter than Sunniva who also have a market cap that is a fraction of Medmen. While your company is spending more money on radio spots (which will not get much traction here) SNN is building gMP certified Cathedral City...which do you think will get more exposure? Yes they have nice stores but their prices will be at the high end because of their lavish overhead. You really think millennial rec users are going to pay top dollar for weed particularly when the supply issues start to commoditize the product? Open your eyes and at least take everyone's comments as food for thought instead of blindly defending a clearly bloated offering. If they were as good as you say they would have figured out how to make money in 8years. Glitz and glamour is a great way to attract $$ but the market is wise to that now and want results for this kind of market capitalization. I've always viewed rec as a secondary market...high overhead and shrinking margins....and the only value add is a nicer looking stores which won't even be allowed in Ontario or Quebec, the biggest provinces in the country. Compare to CRON or SNN who will share in red but also have solid medicinal businesses with revenues that are equal or greater than what MMEN has achieved after 8 years in what they have determined to be the 3 biggest markets in North America.