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.

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Medmen Enterprises Inc

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Comment by coleo20000on Mar 05, 2019 10:49am

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Post# 29443331

RE:Caption of the link posted below. Beware folks

with sales estimated at more than a billion dollars in 2020, this valuation is still rather low, medmen could well be worth $ 10 billion on the stock market

Bigchungus wrote:
When we started looking into the financials, we saw the true picture.

MedMen’s shares outstanding was actually well over 400 million at the time. Add in all the shares issued through transactions subsequent to June 30, and shares outstanding exceeds 600 million.

Also consider the promises to issue stock through warrants and options that will dilute earnings in the future, and you see that the fully diluted shares outstanding was heading north of 650 million shares.

At a share price of CA$7.78 per share, this far more accurate share count means the market is effectively valuing the company at CA$5.1 billion.