Some good news for U.S. cannabis Company
MedMen Enterprises (CSE: MMEN,Forum) to kick off the week. On Monday, the Company’s stock rebounded upwards of 26% reaching $4.80, nearly hitting its stock price from before it went public.
Stockhouse recently reported on
MedMen’s turbulent debut on the Canadian Securities Exchange, where CEO Adam Bierman advised investors to wait for the Company’s stock to level-out following a series of major announcements leading up to and over the weekend.
One of those was the opening of its new store in Los Angeles’ trendy Abbot Kinney neighbourhood, with U.S. Rep. Ted Lieu serving as keynote speaker and one of the ribbon-cutters. This was the first time a sitting congressman attending the opening of a U.S. marijuana store.
FULL DISCLOSURE: MedMen Enterprises is a paid client of Stockhouse Publishing.