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HugeMoneyon Sep 06, 2019 11:32am
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MMEN - OLD and NEW Update News out.
MMEN - OLD and NEW Update News out. | Key Highlights
08.19.2019 MedMen Launches Delivery Service Across California MedMen remains at the forefront of the cannabis market. Expanding upon its omni-channel experience, the company launched statewide same-day delivery of over 400 best-in-class products in California. The launch of MedMen Delivery follows the introduction of MedMen Buds, the Company's new loyalty program, which encompasses over 40,000 members. Seven days a week, 365 days a year, MedMen Delivery is there for CA consumers. Read More > | | 08.13.2019 MedMen Announces Preliminary Fourth Quarter 2019 Systemwide Revenue Results and Provides Additional Corporate Updates Ahead of the Company's Q4-19 earnings call this October, MedMen pre-announced pro forma systemwide revenue, which includes pending acquisitions that have not yet closed, of US$62.3 million. The Company also announced it is now on track to reduce SG&A expenses by ~30 percent, surpassing its initial target reduction of 20 percent. Q4-19 was one of strong execution and represented MedMen's third consecutive double-digit sequential revenue increase since going public. Read More > | | 07.11.2019 The Sunshine State continues to reap the benefits of MedMen's innovative line of cannabis products. This July, MedMen launched its smokable flower in pre-roll singles and multipacks at the Company's West Palm Beach location. Florida, the third most populous state, serves over 200,000 qualified medical cannabis patients. Of the 15 new locations MedMen plans to open across the U.S. in 2019, 12 will be in Florida. | | 07.10.2019 MedMen continues to lead the cannabis industry in securing equity financing. The Company has secured an additional US$30 million in equity commitment from Gotham Green Partners and Wicklow Capital, bringing its total financing commitment to US$280 million. This increased commitment will be used to operationalize the balance of MedMen's retail licenses, strengthen the Company's balance sheet, and continue the Company's retail expansion in Florida. Read More > | | 07.03.2019 Leading the cannabis industry's social impact efforts, MedMen announced a partnership with Epilepsy Florida, the principal agency overseeing epilepsy programs and services sponsored by the State of Florida. Currently the organization serves over 400,000 Floridians who suffer from the condition and is the premier source of information on epilepsy and seizures in the state. 10 percent of proceeds from sales at MedMen's West Palm Beach location will benefit the organization during the month of July. Read More > | |
| Regulatory Updates
Illinois has become the latest state to legalize recreational marijuana. The bill, signed by Governor J.B. Pritzker, expunges records for nearly 800,000 people with criminal records for purchasing or possessing 30 grams of marijuana or less. Read More > Arizona Group Files Recreational Cannabis Legalization Ballot Measure
Legalization advocates have filed paperwork with the Arizona Secretary of State to put the question before voters in 2020. Read More > Why Marijuana Could Be Legal in Florida as Soon as 2020 It was a rocky road to receiving approval for medical marijuana usage in Florida, but a new push towards full recreational legalization could put an initiative on the 2020 ballot. In fact, it's looking like there's plenty of support among Floridians. Read More > | | Upcoming Events
09.19.2019 Eight Capital & Cassels Brock Cannabis Conference - Toronto, Canada
10.03.2019 Canaccord Cannabis Symposium - Toronto, Canada
10.03.2019 AGP Consumer Cannabis Conference - New York, New York
10.28.2019 MedMen Fourth Quarter Fiscal 2019 Earnings Call | |