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Overview
MedMen operates cannabis retail through a network of physical dispensaries and an online storefront for delivery or curbside pickup. It sells a wide range of products—including flower, vaporizers, edibles, topicals, pre-rolls, and CBD—to medical and recreational users. The model combines in-store shopping with e-commerce to provide convenient access and reach diverse customers. MedMen also offers educational content and in-store experiences to help customers learn about cannabis benefits and safe use, aiming to build trust and loyalty.
About MedMen
Industries
Consumer Software
Healthcare
Consumer Goods
Company Size
201-500
Company Stage
IPO
Headquarters
Culver City, California
Founded
2010
Simplify's Take
What believers are saying
- Arizona assets sold to Mint Cannabis for $14 million provides liquidity.
- Richard Ormond's 26-year restructuring expertise guides asset liquidation.
- Educational content builds customer loyalty in wellness and CBD segments.
What critics are saying
- Canadian bankruptcy filing on April 24, 2024, liquidates all assets immediately.
- New York subsidiary faces rent lawsuit triggering creditor asset seizures now.
- California receivership dissolves MM CAN USA, closing all remaining stores.
What makes MedMen unique
- MedMen pioneered institutional best practices in cannabis cultivation and retail since 2010.
- MedMen Capital strategically invests in U.S. and Canada cannabis markets.
- MedMen offers turnkey services for license holders in extraction and operations.
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Funding
Total Funding
$746.8M
Above
Industry Average
Funded Over
11 Rounds
Stock Price
Growth & Insights and Company News
6 month growth
↓ -18%1 year growth
↓ -18%2 year growth
↓ -18%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.
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.
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.
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.
A year earlier, MedMen announced its plans to acquire PharmaCann for $682 million in an all-stock transaction.
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About MedMen
Industries
Consumer Software
Healthcare
Consumer Goods
Company Size
201-500
Company Stage
IPO
Headquarters
Culver City, California
Founded
2010
There are no jobs for MedMen right now.
Find jobs on Simplify and start your career today