MedMen

Cannabis company MedMen taps new partner in bid to go public

Multistate marijuana company MedMen is switching up its business partner in its effort to take the firm public in Canada. The California-based firm signed a letter of intent with Vancouver, British Columbia-based Ladera Ventures that will allow a reverse takeover of the firm. The deal charts a path for MedMen to go public in Canada […]

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US-focused marijuana company agrees to purchase Canadian grower

A Toronto-based marijuana company focused on U.S. recreational and medical cannabis markets plans to spend about 23 million Canadian dollars ($18.3 million) in cash, stock and warrants to acquire a small licensed producer in Ontario. MPX Bioceutical agreed to acquire Peterborough-based Canveda for CA$3 million in cash, CA$15 million in stock plus the issuance of 6 […]

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Cannabis firm MedMen outlines plans to go public in Canada

It’s no secret that Los Angeles-based MedMen has plans to go public in Canada. But this week, the multistate marijuana company fully outlined how it expects to achieve that goal: a reverse takeover. MedMen has signed a letter of intent with Toronto-based OutdoorPartner Media Corp. to combine the two firms’ business operations under the MedMen […]

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Week in Review: MedMen-Cronos alliance, California MJ business licensing & Arkansas’ MMJ woes

MedMen strikes up a cannabis partnership with Canada’s Cronos Group, California’s Humboldt County considers reopening its licensing process, and a judge tells Arkansas to stop issuing medical marijuana licenses. Here’s a closer look at some notable developments in the marijuana industry over the past week. Brave new world? Multistate cannabis giant MedMen’s collaboration with a […]

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US marijuana retail chain MedMen to partner with Canadian producer Cronos

Two major cannabis companies – Los Angeles-based MedMen and Ontario-based Cronos Group – have announced a joint venture to bring MedMen’s retail expertise to Canada. According to a news release, the collaboration will result in the formation of MedMen Canada. MedMen currently has operations in California, Nevada and New York; Cronos has concerns throughout Canada […]

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A $1 billion cannabis company? Recent deals shed light on marijuana valuations

Can the U.S. cannabis industry claim its first plant-touching “unicorn” – a company valued at $1 billion? Captor Capital, a Toronto-based investment firm, certainly thinks so. In January, Captor announced it entered into a nonbinding letter of intent to purchase 3% of the California-based cannabis management and investment firm MedMen Enterprises for $30 million. The […]

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20 people to watch in 2018

The cannabis industry is poised for huge growth in 2018 thanks in part to the expected launch of several massive new marijuana markets such as California and Canada, which will generate billions of dollars in sales and create tens of thousands of business opportunities.

The changing business climate will lead to new challenges, struggles and, potentially, failures for companies and the individuals behind them.

As we hurtle into 2018, the editorial staff at Marijuana Business Magazine – which is published by Marijuana Business Daily – singled out 20 executives in the cannabis space who bear watching in the year ahead.

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US cannabis firm MedMen to go public in Canada to ‘add jet fuel’ to growth plan

Count California-based MedMen as the latest U.S. marijuana company looking to Canada to raise money. The management and investment firm, which operates dispensaries and production facilities in California, New York and Nevada, plans to go public in Canada later this year, CNBC reported. The company will list its shares on the Canadian Securities Exchange (CSE). The move into Canada […]

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MedMen seeks $250 million raise for marijuana private equity fund

Marijuana management firm MedMen is aiming to raise $250 million to invest in cannabis businesses in the California, Nevada and New York markets. The fund, called MedMen Opportunity Fund II, is going to specifcially target plant-touching companies, including retailers and growers, Bloomberg reported. The fund will also look particularly at tourist destinations, including Los Angeles, […]

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MedMen acquires troubled New York medical cannabis licensee

MedMen, a California-based marijuana management and consulting firm, has acquired Bloomfield Industries, a financially troubled New York cannabis business license holder that in recent months has been unable to pay vendors and has been casting for new investors. A New York Health Department spokeswoman emphasized to Politico that Bloomfield would not be transferring its license to MedMen, […]

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MedMen gives MPP $1 million for advocacy efforts

The cannabis management consultancy MedMen has contributed $1 million to the Marijuana Policy Project to support efforts to end cannabis prohibition. The check presentation occurred at the Los Angeles company’s party in conjunction with this week Marijuana Business Conference & Expo in Las Vegas.  “Last week our industry scored a big victory,” MedMen CEO Adam Bierman said […]

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