MedMen: Downsizing

Unfortunately, MedMen’s founders are less skilled at running a company than they are at marketing a hip cannabis brand. The company has been burning money for years. With cannabis stocks on a months-long decline, capital markets are becoming less willing to give MedMen more rope and debt is mounting. The company is now taking drastic steps to downsize: Reducing employee count, curtailing expansion, walking away from accretive-but-costly acquisitions, and even selling cannabis assets.

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