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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
Comment by Gaboraon Nov 27, 2019 5:46pm
75 Views
Post# 30399913

RE:RE:RE:plenty of buyers at .57, .56 and .55

RE:RE:RE:plenty of buyers at .57, .56 and .55
I disagree, not sure what the exact share count is at this moment; but, for argument sake say it's 150 million.

Table below is from canadianinsider.com.  Indicating for November 2019 that there are 379 thousand share shorted.

Do the math....      379,000 / 150,000,000 = about .0025 %

So .0025 % of current outstanding are being shorted. 

MMEN-C traded 8 million Canada   MNNFF-Q 4.7 million USA

Yes, who ever shorted the stock can buy it back at a cheaper price and make money. 

The shorts, by no means put any downward pressure to the stock.  1/4% shorted stock going to do nothing to share price.

Short Report

Date Number of Shares Shorted Net Change
Nov 15, 2019 378,652 -517,911
Oct 31, 2019 896,563 429,509
Oct 15, 2019 467,054 368,218


Shorting a stock is risky, shorting a stock under a dollard is even more risky.  What are you going to gain....  a few bucks.

Keep by the phone.  Last thing you want is a margin call.

Also, when shorting, if it decides to move upwards skies the limit.  You can loose a lot money.

Will see tomorrow.  

GLE
Bullboard Posts