Cannabis Company MedMen Enters Bankruptcy due to $411M in Liabilities

Monday, 29 April 2024, 11:31

MedMen Enterprises Inc., a once high-flying cannabis company, filed for bankruptcy with approximately $411 million in liabilities. This event marks a significant downturn in the company's fortunes, highlighting the challenges faced by the cannabis industry. The filing signals a shift in the market dynamics, impacting investors and industry stakeholders alike.
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Cannabis Company MedMen Enters Bankruptcy due to $411M in Liabilities

MedMen Enters Bankruptcy

Former high-flying cannabis company MedMen Enterprises Inc. filed for bankruptcy protection late Friday with about C$561.5 million ($411 million) in liabilities.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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