Tilray Brands Inc TLRY

Medmen is 'super old news' quinlash?

[Keeler]

then why did Simple Simon state in lastw eek;s fianncials that they stille xpect 'big things' to come from their investment in Medmen?

Tilray invested' in Medmen in 2021 - if you want to call buying $225 million worth of the debt owed.
There is no other description - it was a bad decision, everyone in the cannabis world knew the trouble Medmen was in - financial, debt, scandals, investigations

Tilray has written off some of the 'investment' and may write the entire thing off, but Medmen is still very much a current issue with Tilray.

Mdeemn is not 'halted' - they have been de-listed and not allowed to trade - their last share price was zero - and they havent filed financials since January of 2022, due to 'irregularities' that their auditors were trying to correct. Not sure if they still have auditors who will work for them and correct the irregularities.

Medmen did not have the cash to pay for the recreational licences they were elgible to apply for in New York state and they've sold off and/or closed most of their stores. Employees and suppliers are owed 10s of thousands of dollars.

One would think a researcher of your calibre would know this, but I'm happy as always to provide with facts and reality.

Post by quinlashon Apr 14, 2024 11:10am

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Post# 35988175

Medmen is super old news

I believe the investment in Medmen by Tilray is apx 3 years old.  Any losses incurred by Tilray as a result would have long been accounted for. 

Medmen is currently halted and appears to be going through heavy restructuring.  Not much in terms of info available in terms as to if and when it will resume trading but I do wish the best to their team and all those holding shares of Medmen.

If you want exact dates as to when Tilray got involved with Medmen then you can visit the Tilray Homepage and review their Press Release section