MedMen

MedMen

Retailer of cannabis products and delivery

About MedMen

Simplify's Rating
Why MedMen is rated
D+
Rated D+ on Competitive Edge
Rated D- on Growth Potential
Rated C on Rating Differentiation

Industries

Consumer Goods

Company Size

501-1,000

Company Stage

IPO

Total Funding

$67.1M

Headquarters

Culver City, California

Founded

2010

Overview

MedMen Enterprises operates in the cannabis industry, providing a variety of high-quality cannabis products through both physical dispensaries and online delivery services. Their product range includes cannabis flower, vaporizers, edibles, topicals, pre-rolls, and CBD products, catering to both medical and recreational users. Customers can shop in-store or order online for delivery or curbside pickup, enhancing convenience and accessibility. MedMen distinguishes itself from competitors by focusing on customer education, offering information on the benefits of cannabis and wellness tips through their website and in-store experiences. The company's goal is to create a well-rounded experience for cannabis consumers, fostering loyalty and positioning itself as a trusted source in the market.

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Simplify's Take

What believers are saying

  • Increased interest in cannabis wellness products can boost MedMen's product offerings.
  • Cannabis tourism trend offers partnership opportunities for curated cannabis experiences.
  • Cannabis consumption lounges provide a chance to diversify MedMen's retail model.

What critics are saying

  • MedMen's bankruptcy filing may lead to operational disruptions and investor confidence loss.
  • Leadership instability due to executive resignations could affect strategic alignment.
  • Closure of multiple retail locations indicates a contraction in market presence.

What makes MedMen unique

  • MedMen combines physical dispensaries with an online platform for diverse customer preferences.
  • The company offers a broad spectrum of cannabis products, attracting various market segments.
  • MedMen invests in customer education, enhancing loyalty and trust in the cannabis industry.

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Funding

Total Funding

$67.1M

Above

Industry Average

Funded Over

7 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Company News

MJBizDaily
Sep 17th, 2024
Marijuana retailer MedMen sued in New York for unpaid rent

A New York-based subsidiary of bankrupted marijuana multistate operator MedMen Enterprises is facing a lawsuit for failing to pay rent in the latest allegation against the troubled company.

High Times
May 1st, 2024
MedMen Files for Bankruptcy

On April 26, multi-state cannabis operator MedMen announced that it has filed for bankruptcy with the Canadian Bankruptcy and Insolvency Act, as of April 24.

CFODive
Apr 29th, 2024
Cannabis firm MedMen files for bankruptcy

MedMen also announced that its CFO, Amit Pandey, had resigned effective Feb. 13 and that each of its directors had resigned effective immediately prior to the commencement of its bankruptcy.

Los Angeles Times
Mar 26th, 2024
MedMen's fall shows the difficulties of the legal weed business

In the summer of 2018, MedMen opened a boutique cannabis dispensary on Abbot Kinney Boulevard in Venice - "the coolest block in America," as the company hyped in a news release at the time.

Medical Marijuana, Inc.
Mar 12th, 2024
MedMen Reportedly Closes All But Two California Locations

A year earlier, MedMen announced its plans to acquire PharmaCann for $682 million in an all-stock transaction.

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