General World News

Cannabis retailer MedMen just posted downbeat earnings, and the new CEO said selling factories and shuttering stores might help turn things around

MedMen

  • California cannabis company MedMen posted downbeat financials for the final three months of 2019 on Wednesday afternoon. Revenue was $44.1 million, falling short of every analyst estimate collected by Bloomberg.
  • The company’s financial losses also increased.
  • The company has faced a tough year, like many others in the cannabis industry. MedMen’s CEO stepped down on February 1, and MedMen laid off about 40% of its corporate workforce in November and December.
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California-based cannabis company MedMen released its earnings report Wednesday afternoon, showing disappointing results as a new top exec takes the helm.

MedMen reported revenue of read more >>>

Source:: BusinessInsider.Com