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You are right. 50M is a drop.
The chart says it all...
Also, 50 million is nothing. Derek over at Terra got more, and he and his wife are still bleeding that stock.
For guys like this, enough is never enough.
Management does not need to bleed. They have a cool 50 million to spend.
I'll pick up some @ .05 :)
No argument there. I don't own any here but still have Terratech shares smh so I know the pain there.
But my comments were to the general cannabis regulated market and the mentality shift cannabis investors need to realize. There will be a market for high end cannabis products just like Starbucks and numerous other chains sells high end coffee or how Chipotle sells "high end" burritos as opposed to Taco Bell's low end ones. This market is more than who can produce the most or how cheap can it be sold for.
The fact is...
Ultimately, watch this pps go down continuously, due to:
1. Greedy management (ie: terratech)
2. Short sellers know #1
*even if the concept is good...its poorly structured to benefit only the 2 top guys.
I bet u one coke... this goes below a $1.
That's just your opinion(which you haven't really defended well).
The fact is there are diverse markets within the alcohol, tobacco and coffee industries. The illegal Cannabis market is already set up that way and the future regulated markets will be no different.
...Enjoy that box wine! haha
U have alot to say, but...
When the smoke clears: a beer is just a beer and a cigarette is just a cigarette.
People are more hip to marketing bullshit these days.
That might be true...
Only until management is done bleeding them dry.
Just like Terratech will be thee US grower/chain...and yet, they constantly bleed shareholders.
MEDMEN will be "the" U. S. dispensary.
No way...
I'm not swing trading this hyped garbage.
It's obvious management will bleed this dry and get rich.
No more swinging for me, the Canadian index is just slogging downward too much.
I hunkered down heavy on PHI.
I won't check now for a few months...putting my port back in the oven and set it to 325.
I love these folks.
Trade the ticker.
not the company.
it's moot for me at this point because I'm not willing to do trend trading over the phone.
may actually plug my nose and flip this one when they get some MM's in at OTC. till then I'm just watching.
did you buy any?
Yup...
I'm not even sure these guys are worth 1.75
Haha
Waiting for 1.75...
I think creating an upscale model is not smart. When people need a hit... they don't care if they buy it in a dirty, brown paper bag....
... with mystery stains on it.
Waiting here for the shake out and consolidation. If you didn't buy in the last 2 trading days, you are more than likely a bagholder.
You?
where did everyone go...busy chasing...?...waiting...?...folks thought it should do what they thought...mr. market had other ideas...
don't tell me you fell for that.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141416759
I'm prudently waiting for the appropriate entry point. Most of the smart folks say near $C2.00, roughly US$1.54 for MNNFF. I think it doesn't go that low.
Abbot Kinney opened to today on one of coolest blocks in the world. Hoorah
https://www.leafly.com/news/lifestyle/rep-ted-lieu-medmen-make-history-in-venice
Now the question remains ...
BUY SELL OR HOLD?
LOL...I also emailed Stephanie asking if they had any plans to correct the negative publicity surrounding the IPO and the excessive comp. packages.
Looks like someone was listening.
MEDMEN release ...
Canada Close to Becoming First G7 Country to Fully Legalize Cannabis
LOS ANGELES (June 9, 2018) - Canada is poised to become the first of the world's wealthiest nations to fully legalize marijuana. On Thursday, the Canadian Senate passed the Cannabis Act by an overwhelming majority. Prime Minister Justin Trudeau has long been a proponent for legalization.
The bill now goes back to the House of Commons for review before going into effect later this year, giving the provinces time to fine-tune regulatory rules. It is estimated that the legal adult-use Canadian market will spark a CA$4.3 billion industry in the first year, according to International financial advisory firm Deloitte. It is expected that figure will rise above CA$5 billion in annual sales soon after.
"Cannabis legalization is a global movement," said Adam Bierman, co-founder and chief executive of U.S. cannabis firm MedMen Enterprises, which announced earlier this year a cross-border joint venture with Toronto-based Cronos Group to open a series of MedMen stores across Canada. "We are excited to bring our trusted brand to Canadian consumers."
The Canadian vote comes on the heels of the World Health Organization changing its long held position that marijuana should be a banned substance after hearing testimonies from medical experts this past week in Geneva, Switzerland.
And in the U.S., there is also growing bipartisan support for progressive marijuana legislation. Senators Elizabeth Warren (D-Mass.) and Cory Gardner (R-Colo.) proposed a marijuana bill this week that would ensure states' rights to determine marijuana policy.
Even President Trump has said he would support cannabis legislation put forth by Senator Gardner. While speaking to reporters in front of the White House this week, the president said, "I really do. I support Senator Gardner. I know exactly what he's doing, we're looking at it. But I probably will end up supporting that."
ABOUT NEWS YOU CAN USE
Periodically, we send select news items about the cannabis industry and offer our insights. If you have any questions regarding MedMen and its operations please do not hesitate to contact us at info@medmen.com.
ABOUT MEDMEN
MedMen Enterprises is the preeminent cannabis company in the U.S. and the emerging industry's most recognized brand, with assets and operations nationwide. Based in Los Angeles, MedMen brings expertise and capital to the cannabis industry and is one of the nation's largest financial supporters of progressive marijuana laws.
Visit http://www.medmen.com.
"I understand. I read somewhere it takes a month or two.
Thanks again!"
JohnCM
From: Stephanie Van Hassel [mailto:stephanie@medmen.com]
Sent: Friday, June 8, 2018 11:07 PM
To: JohnCM
Subject: Re: MedMen Will Commence Trading May 29th Under Ticker Symbol "MMEN"
Hi John,
The new ticker is not DTC eligible at this moment in time.
Kind regards,
Stéphanie
Sent from my iPhone
On Jun 8, 2018, at 20:52, John wrote:
I have your new sponsored OTC ticker. Do you happen to know if it is DTC eligible yet?
Thank you ... Good move! Reacting and staying flexible. Good sign.
MedMen Revises Executive Compensation Plans
June 08, 2018 05:02 PM Eastern Daylight Time
LOS ANGELES--(BUSINESS WIRE)--MedMen Enterprises Inc. (CSE: MMEN) (“MedMen”), the country’s leading cultivator, producer and retailer of state-sanctioned cannabis, announced today that the grant units for its co-founders under its long-term incentive plan (the “LTIP”) will now vest upon achievement of certain share price goals.
Co-founder and CEO Adam Bierman and Co-founder and President Andrew Modlin will receive their LTIP units of MM Enterprises USA LLC according to the following schedule. One third of the total units will vest when the price of MedMen’s Subordinated Voting Shares reaches CA$ 10 in the open market, another third will vest when the share price reaches CA$ 15 and the final third when the share price reaches CA$ 20. The price will be determined as a 5-day VWAP in any exchange where MedMen shares are traded.
This modification to the grants under the LTIP was made to provide greater economic alignment with MedMen’s shareholders.
About MedMen
MedMen Enterprises is the preeminent cannabis company in the United States with multiple assets and operations in California, Nevada and New York, which combined account for nearly half of North America’s addressable legal market. MedMen owns and operates licensed cannabis facilities in cultivation, manufacturing and retail, and is one of the most well recognized cannabis brands in the world today. Headquartered in Los Angeles, MedMen employs 800 workers across the United States. It was founded in 2010 by Adam Bierman and Andrew Modlin, two visionary entrepreneurs who saw not just a tremendous business opportunity in the growing legalization of marijuana, but a chance to re-define our society’s relationship with cannabis. MedMen supports sensible, clear and just drug laws. The Company is the single largest financial supporter of progressive marijuana laws at the local, state and federal levels, giving directly to pro-legalization groups, industry organizations and political candidates. For more information, visit http://www.medmen.com or follow us on Facebook, Twitter or Instagram.
Source: MedMen Enterprises
Contacts
Media Contact:
Daniel Yi
Senior Vice President of Corporate Communications, MedMen Enterprises
daniel@medmen.com
or
Investor Relations Contact:
You have me to thank ...
MedMen Revises Executive Compensation Plans
June 08, 2018 05:02 PM Eastern Daylight Time
LOS ANGELES--(BUSINESS WIRE)--MedMen Enterprises Inc. (CSE: MMEN) (“MedMen”), the country’s leading cultivator, producer and retailer of state-sanctioned cannabis, announced today that the grant units for its co-founders under its long-term incentive plan (the “LTIP”) will now vest upon achievement of certain share price goals.
Co-founder and CEO Adam Bierman and Co-founder and President Andrew Modlin will receive their LTIP units of MM Enterprises USA LLC according to the following schedule. One third of the total units will vest when the price of MedMen’s Subordinated Voting Shares reaches CA$ 10 in the open market, another third will vest when the share price reaches CA$ 15 and the final third when the share price reaches CA$ 20. The price will be determined as a 5-day VWAP in any exchange where MedMen shares are traded.
This modification to the grants under the LTIP was made to provide greater economic alignment with MedMen’s shareholders.
About MedMen
MedMen Enterprises is the preeminent cannabis company in the United States with multiple assets and operations in California, Nevada and New York, which combined account for nearly half of North America’s addressable legal market. MedMen owns and operates licensed cannabis facilities in cultivation, manufacturing and retail, and is one of the most well recognized cannabis brands in the world today. Headquartered in Los Angeles, MedMen employs 800 workers across the United States. It was founded in 2010 by Adam Bierman and Andrew Modlin, two visionary entrepreneurs who saw not just a tremendous business opportunity in the growing legalization of marijuana, but a chance to re-define our society’s relationship with cannabis. MedMen supports sensible, clear and just drug laws. The Company is the single largest financial supporter of progressive marijuana laws at the local, state and federal levels, giving directly to pro-legalization groups, industry organizations and political candidates. For more information, visit http://www.medmen.com or follow us on Facebook, Twitter or Instagram.
Source: MedMen Enterprises
Contacts
Media Contact:
Daniel Yi
Senior Vice President of Corporate Communications, MedMen Enterprises
daniel@medmen.com
or
Investor Relations Contact:
Looks like they are fixing some of the shit. Parry mustsa influenced corporate decisions, LOL
https://www.businesswire.com/news/home/20180608005768/en/
Livestream: Chris Parry rants to MidasLetter’s James West about MedMen, as company pulls plug on bonuses
Yeah, Chris Parry on Equity Guru did a few articles on this. I have the articles up in my browser but haven't read thru them yet. I have no position in this yet, gotta read thru more stuff and then will make my decision but definitely heard about this smh.
"Hello MEDMEN,
I was super excited about Medmen trading publicly in CA and eventually with a U.S. foreign issue OTC ticker. I opened a couple discussion boards on Investors HUB and was truly excited about investing in stock in this company.
I live in the U.S.
And then came the press about the use of the public company initial proceeds and the percentage of the company that individual investors would hold when investing in company shares.
The numbers here are rough and approximate.
Of the $100,000,000 in proceeds, approx half of that went directly into the pockets of the principals.
Roughly 7 percent of the company is owned by investors of company stock.
These numbers are ghastly and I declined to invest in Medmen.
How is the company going to repair its tarnished image with the investment community?"
JohnCM
Company sponsored.
MMNFF
marked another 52 week low today. US$2.65
will it get to $1 before they get a real company sponsored OTC ticker up?
Going to try and get there this weekend, find out myself.
will be interesting to see how fast that disappears from the receipts.
Not a smart move for sure. Didn't realize Wolfie was an expert at securities law....
Are we sure this meets the definitions?
oh wow. this doesn't look good.
upper management has a bit of learning to do.
to be fair, this sort of oops-i-didn't-ask-the-lawyer-first dunce cap move isn't that unusual for first time public company managers.
seen it before.
I’m sure there’s a perfectly logical reason to tell people to buy your stock on a receipt @ShopMedMen maybe CEO @_AdamBierman_ or analyst relations @VahanAjamian can explain this to the market after they explain .7% ownership by shareholders or executives pay etc etc et. $Mmen.c https://t.co/8kht7F3SGa
— Jason Spatafora (@WolfOfWeedST) June 7, 2018
Jason Spatafora
Verified Twitter account
@WolfOfWeedST
Follow Follow @WolfOfWeedST
More Jason Spatafora Retweeted Jason Spatafora
I’m sure there’s a perfectly logical reason to tell people to buy your stock on a receipt @ShopMedMen maybe CEO @_AdamBierman_ or analyst relations @VahanAjamian can explain this to the market after they explain .7% ownership by shareholders or executives pay etc etc et. $Mmen.cJason Spatafora added,
Jason Spatafora@WolfOfWeedST
Well congratulations to bonehead move by #MedMen doing the most illegal move I have ever seen in #PotStocks $mmen.c solicitation to buy the stock! 1 week trading & you broke securities law ?? ?? ?? “Buy Now Sell High” @ChrisParry …
5:49 PM - 6 Jun 2018
10 Retweets 28 Likes Code SCannabiLordOriginal Air Freshener Nag Champa Cannabis LeafHellal FouadCash Mary JaneJordan Cahais.medicalmarijuana-extractGucci ManJohnny Tran
7 replies 10 retweets 28 likes
Reply 7 Retweet 10 Like 28
Michael Miller@Porters6thForce
7h7 hours ago
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Replying to @WolfOfWeedST @ShopMedMen and 2 others
Literally a 0% chance the decision to put that on their receipts wasn't made at the executive level. At this rate, whatever cash that isn't already going to executive compensation is going straight to legal. $MMEN.c
0 replies 0 retweets 5 likes
Reply Retweet Like 5
The Deep Dive@TheDeepDive_ca
7h7 hours ago
More
Replying to @WolfOfWeedST @ShopMedMen and 2 others
Wonder how long until @IIROCinfo or @CSE_News takes action ?? they don’t exactly have a fast track record on this stuff
0 replies 0 retweets 3 likes
Reply Retweet Like 3
Montana8169@Montana8169
8h8 hours ago
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Replying to @WolfOfWeedST @ShopMedMen and 2 others
0 replies 0 retweets 2 likes
Reply Retweet Like 2
StockChick@Stock_chick_
8h8 hours ago
More
Replying to @WolfOfWeedST @ShopMedMen and 2 others
?????wow horrible way to do business... are they friends with namaste?
0 replies 0 retweets 1 like
Reply Retweet Like 1
AjY@allanyaremchuk
8h8 hours ago
More
Replying to @WolfOfWeedST @ShopMedMen and 2 others
Def not "wicked smaht"
0 replies 0 retweets 1 like
Reply Retweet Like 1
BKing@BKingCapital
8h8 hours ago
More
Replying to @WolfOfWeedST @ShopMedMen and 2 others
Bet that's not on those receipts for much longer. Unbelievable
0 replies 0 retweets 1 like
Reply Retweet Like 1
ptk@Pricelessthekid
7h7 hours ago
More
Replying to @WolfOfWeedST @ShopMedMen and 2 others
That’s why they are in West Hollywood, 5th Ave NY, Las Vegas and soon to be 25 outlets across Florida
yeah, they probably won't get distracted with opening stores in other markets anyway.
there's tons of stores here (WA) with a huge glut and more over production to come with insane cheap prices already.
and, you can't smell or sample in the stores. all sealed, bar coded, tax coded, and dated.
Their high priced scene probably wouldn't get much legs here.
coffee shop model along with online is perfect for this produce...great social scene...everyone can see and smell and eventually sample...whats the trouble...ianthus and medmen got it covered...
Not sure what their business model is.
what was revs for last yr and this yr to date...?...anyone know any fins...?
that porche was the image.
weed junkies ordering online don't want image, they want quality and price!
Banking the investor's future on yesterday's antiquated retail model seems just as reckless as a ridiculously over stuffed CEO compensation package.
It's about image. Numskull.
That is why Amazon has a high profile store and MEDMEN is in Beverly Hills and Fifth Avenue.
6,500,000 shares
Half paid in CASH. Better than ALL stock.
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MedMen’s headquarters is located at:
10115 Jefferson Boulevard
Culver City, CA 90232
1-855-292-8399
MedMen became a publicly traded company through a reverse takeover, or RTO, on May 29th, 2018.
Our stock trades on the Canadian Securities Exchange or CSE and the stock symbol is MMEN.
Our stock can be purchased by contacting a registered stock broker or through an online stock brokerage service for self-directed investors.
No, but MedMen stock can be purchased through a brokerage firm, including online brokerage services.
No. We do not expect to pay any dividends on our common stock in the foreseeable future.
The cusip for MMEN is 58507M107.
Odyssey Trust Company
United Kingdom Building
835 – 409 Granville Street
Vancouver, BC V6C 1T2
Phone: 1 (778) 819-1184
Email: info@odysseytrust.com
Website: www.odysseytrust.com
Shareholders with inquiries about their holdings, such as share count, address corrections or changes in registered share ownership, should contact our stock transfer agent.
Odyssey Trust Company
United Kingdom Building
835 – 409 Granville Street
Vancouver, BC V6C 1T2
Phone: 1 (778) 819-1184
Email: info@odysseytrust.com
Website: www.odysseytrust.com
Our fiscal year ends June 30th.
MedMen's independent registered public accounting firm is MNP LLC.
You can contact MedMen Investor Relations with questions related to our stock:
Investors@medmen.com
(855) 292-8399
Our public securities filings are available on www.sedar.com.
Please submit your e-mail address on the “Email Alerts” page of this website.
No, MedMen is not accepting applications for franchisees at this time.
We started MedMen with a simple vision; cannabis as a consumer product. It is a simple idea with profound consequences for how marijuana is cultivated, produced and marketed. Quality standards matter, best practices matter, brand reputation matters. Today, MedMen is the most dominant cannabis enterprise in the emerging legal marijuana industry.
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