MedMen

Marijuana firm MedMen closes initial $80 million in funding from Gotham Green

MedMen, a multistate cannabis company based in California, said it closed on an initial $80 million tranche of funding from New York private equity group Gotham Green Partners (GGP). The money is the first part of a $250 million convertible credit facility with GGP that MedMen secured in March. More details on the funding can […]

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Former MedMen CFO adds new allegations to lawsuit against cannabis company

James Parker, former chief financial officer for marijuana company MedMen, has come forward with new allegations of wrongdoing against his former employer by adding two more causes of action to the breach of contract lawsuit he filed in January. The California-based, vertically integrated cannabis company called the lawsuit “baseless” and the allegations “meritless.” Parker, for […]

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Three executives resign from marijuana firm MedMen

California-based cannabis retailer MedMen is undergoing another round of executive turnover at the top levels of the company, and the most recent losses include the chief operating officer, general counsel and company spokesman. Chief Operating Officer Ben Cook and general counsel Lisa Sergi resigned, MedMen announced in a news release. Sergi also served as a member […]

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Cannabis financier Gotham Green Partners to invest up to $250 million in MedMen

MedMen, a California-based multistate marijuana operator, said it will receive an investment of up to $250 million from private equity fund Gotham Green Partners (GGP). The investment – a convertible credit facility – is believed to be the largest to date by a single investor in a publicly traded cannabis company with U.S. operations. The money […]

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MedMen taking Miami Beach to court over cannabis dispensary regulations

Multistate marijuana operator MedMen is suing Miami Beach, Florida, claiming a local regulation – which requires medical cannabis dispensaries be at least 1,200 feet from each other – violates state law. According to the Miami Herald, MedMen is charging the city’s zoning ordinance would limit the number of dispensaries in Miami Beach to seven – which […]

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NY marijuana trade group expels MedMen; company says it hasn’t been notified

The New York Medical Cannabis Industry Association (NYMCIA) has expelled California-based MedMen from its ranks, an organization spokesman confirmed to Marijuana Business Daily, but the company said it has yet to be notified of such a move. “(MedMen) didn’t resign, but then we threw them out,” said the spokesman, who requested anonymity. “They are no […]

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Cannabis firm MedMen distances itself from stock promoter after OTC scrutiny

California-based marijuana retailer MedMen disclosed that a content production firm it paid wound up promoting the company’s stock through at least one online article, a move that drew scrutiny from U.S. over-the-counter trading officials. According to a news release, MedMen hired Winning Media in January to help bolster its image through online ads. Then, on […]

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MedMen asked to resign from New York medical marijuana trade group

California-based cannabis retailer MedMen may be forced out of a medical marijuana trade group in New York, where it holds one of 10 MMJ business permits. According to the Daily News, the New York Medical Cannabis Industry Association (NYMCIA) asked the company to resign from the association because of allegations made by former MedMen CFO […]

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