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Medmen Enterprises Inc MMNFQ

MedMen Enterprises Inc. is a retail cannabis company with an operational footprint in California, Nevada, Illinois, Massachusetts, and New York. The Company offers a robust selection of high-quality products, including MedMen-owned brands MedMen Red, Moss and LuxLyte, through its premium retail stores, proprietary delivery service, as well as curbside and instore pickup. MedMen Buds, a loyalty program, provides access to promotions, product drops and content. It produces and curates the consumer product assortment for retail operations in its local communities with services and engaging in-store experience, combined with reward, delivery, and e-commerce programs. It also offers buds rewards, where buds members earn points with every purchase, plus exclusive access to drops and deals. The Company also provides gift cards.


GREY:MMNFQ - Post by User

Bullboard Posts
Post by businessprofon Nov 19, 2018 11:41pm
207 Views
Post# 28997970

$11 Open - Medmen Largest Cannabis Retailer in the World

$11 Open - Medmen Largest Cannabis Retailer in the WorldAnyone can craft an attention grabbing subject line.  People can write whatever they want on Stockhouse such as "$3 Open" after "Unhalt".  Even a user like King-Whale who has been a member for just over 2 weeks is still gonna freak people out with a nonsensical post like that.  Except the second half of subject line is actually true - Medmen is the largest cannabis retailer in the world.  As for King-Whale, in just over 2 weeks, this guy has managed to rack up over 100 ignores.  Clearly, this is a user that generates new Stockhouse accounts until they are shut down, prior to which he incessantly bashes the stocks he’s shorting with no fundamental data or research behind 1 post he’s made.  I assume the guy is male, because a woman couldn’t be that lazy or moronic.  Just ignore the lies and focus on the facts.  Do your own DD and you'll realize that every massive retailer has turned to investors to faciltate growth, and that's all we're doing here.  I’m urging you all to step back and take a look at the fundamentals before you dump your shares in a panic tomorrow just because we’re gapping down…here a few key considerations:
  • Medmen did a bought deal just like this in September - same exact placement & warrant price. Subsequently, the SP ran to almost $10, but it did struggle for several trading sessions after the bought deal was announced.  We may do the same thing here as soon as the market (or this sector) turns around, which could be soon…
    • We have the farm bill coming up, the potential for a more cannabis friendly attorney general, a possible resolution with these china trade issues (someday), a possible Santa Rally…lots could happen here.
  • Both the Midas Letter and Seeking Alpha article acknowledge that the ‘big picture’ is still positive for the longs – the future of Medmen is far, far from bleak.  Yes, this dilutes the stock more just like it did in September, but we are still the largest Cannabis retailer in the world and retail is where all the margins explode.  We will make this money back in no time!
  • Big players are still willing to invest $75 mil into this company plus a potential over-allotment just after a deal was done in September at the same level, and we’re worried about our shares?  All of those investors are paying $5.50, and that’s with a massive volume discount.  We should be well above that price as soon as the shaky hands leave the party. 
  • Yes, Medmen has gone on a spending spree and consequently, are carrying some big debt right now, and this is the game!  You gotta spend money to make money, just like Walmart when they first started, and look where they are now…still the largest retailer in the world.
I don’t post much on Stockhouse.  I mainly just watch it for updates.  I also try to avoid posting because every time I do, I end up writing an essay.  But sometimes I just can’t contain myself.  This stock is never going to $3.  Jesus.  At least try a little harder there King-Whale.  If some of you can’t handle the fact that we’re likely gonna drop another 15 to 20 percent because that’s what the market makers want, just ignore the SP for a couple weeks, and I’m sure we’ll be back in the 7s in no time.  I can assure you that the dump will not last long.  Plus, right now, everything is way down except financial stocks and metals…that will change too, in time.  It always does.  Things bounce, and this sector is in a special situation.  We could see this stock explode on news, at the same time that the rest of the market is tanking.  Just hold tight!

I got into Medmen for 1 reason – no matter how much they dilute this stock, they are still the #1 retailer in the largest cannabis market on the planet, and retail is where all of the money will be made.  Oh Canada this, Oh Canada that…they are suppressing retail up here like you wouldn’t believe.  The American market is the place to be - already drawfs the Canadian market and we aren't even 25% legal.  We all know this amendment to the bought deal wasn't great news, hence it’s release late Friday night.  This is a common practice for bad news.  Let’s just suck it up, hold our shares, and move on.  It doesn't mean Medmen is in trouble.  It just means we gotta chill for a bit.  Just chill people!  With this company, we WILL come out on top!  If you sell tomorrow, you will regret it.
Bullboard Posts