MedMen Enterprises Inc (MMEN)

[mrfence]

$MMNFF~ HOD close @ $0.025 for da Hammer
https://schrts.co/MJrvyXmR

Have a GREAT weekend MF'ers!

[mrfence]

History
APR 11, 2019

Earlier Version — Introduced
This activity took place on a related bill, S. 1200 (116th).

MAR 23, 2021

Earlier Version — Introduced
This activity took place on a related bill, S. 910 (117th).

APR 26, 2023

Introduced
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

MAY 11, 2023

Considered by Senate Committee on Banking, Housing, and Urban Affairs
A committee held a hearing or business meeting about the bill.

If this bill has further action, the following steps may occur next:
—

Passed Committee
—

Passed Senate
—

Passed House
—

Signed by the President
https://www.govtrack.us/congress/bills/118/s1323

The American Bankers Association has issued a statement applauding the bill.

“This common sense, bipartisan bill, which has already cleared the House multiple times (when it was controlled by Democrats), would resolve the ongoing conflict between state and federal law, so that banks can serve state-authorized cannabis-related businesses,” banking association President and CEO Rob Nichols stated. https://www.northbaybusinessjournal.com/article/industrynews/california-cannabis-operators-again-await-outcome-of-safe-banking-act/

[mrfence]

$MMNFF~ LOADING ZONE.
So far, so good... https://www.reuters.com/world/us/marijuana-banking-bill-heads-senate-banking-committee-2023-05-11/

BRADY COBB - CEO, SUNBURN CANNABIS & DC LOBBYIST
"This time (it) feels different. With strong bipartisan support and committee leadership, coupled with the majority leader's recent pivot to a position of support, I expect the hearing to be favorable and for a mark up and floor vote to be scheduled in coming weeks."

[mrfence]

Examining Cannabis Banking Challenges of Small Businesses and Workers
https://www.banking.senate.gov/hearings/examining-cannabis-banking-challenges-of-small-businesses-and-workers

[mrfence]

Safe Bankings on the top of my list for this ticker. That's when institutional investors foray into the sector through the doors opeed to them and we know the banks could use these dispensarys' deposits right about now $MMNFF~

[RickNagra]

Oh yes to da moon. Time to slap the ASK I say. Oh yeah. Oh boy oh girl.

[mrfence]

$MMNFF~ PREPARE
https://www.marijuanamoment.net/wa-interstate-cannabis-sales-bill-signed-newsletter-may-5-2023/

https://www.govtrack.us/congress/bills/118/hr2598

[MallenNV]

We have a good position in this ticker. I have a good hunch about it.

[mrfence]

Good Morning MMNFF. Thanks for bouncing off my .0125 target with a full fill yesterday

[MallenNV]

When is a drop in price by definition state it can never go back up? We shorted SIGNET at $120 and bought it back at $10 and now its back up to $77.

You can't compare Signet or even MedMen to scams that start out with nothing but intent, dump 200,000,000 at $.40 then dilute too 50,000,000,000 at $.000001. MMNFF has a float of only 411,000,000 while GNCP has over 57 billion in the float.

You can't compare a low float operational company like MMNFF that just needed a reset compared to a pumped intent idea with no revenue or sales that was diluted to over 57 billion. that's 138 times more shares then MMNFF.

Well have to just wait this one out as MedMed cuts some assets in NY and Florida, regroup and recover.

[ironwill23]

You honestly see this has the potential to run to $.25 when it is currently under $.02??????

[MallenNV]

I put some short sale profits into this ticker and I feel they will restructure and as Vegas expands, so too will the markets for smokers.

Some new approvals for smoking lounges have been approved but the high license fees are knocking out independent investors so the existing stores like MedMen will be opening up the lounges next to, near or add to their existing locations.

When people come to Vegas, they ask the uber or taxi drivers where can they get marijuana. The drivers are paid a tip by the dispensaries when they bring in a new out of town customer to their location.

You cant smoke on the street, in the cab or even at the hotel.
If MedMen moves fast on this lounge approval and raises the tip to the drivers, they would then knock out most strip mall and smaller locations that are not large enough for an internal lounge of the strip mall has no vacancies.

I give this a $.25 share rating soon and then ill close my position unless I see more applications for more lounges I may hold longer. This is a good price to take a position in.

Unlike most scam MJ stocks MEDMED is up, running, in business and making sales. They just need a reset that's all.

[BefallenKnight]

MedMen is Gone
No way to stop this from going to zero and eventual bankruptcy. No freaking way.

Any suitor would absolutely demand bankruptcy if the were to commit capital to or acquire MedMen.

There is no possible way this company/stock can survive

[Alexxdj1]

Board is a little light, big opportunity being missed..

[Rookiemove]

$MMNFF .03 BREAK COMING!! LET'S DO THIS!

[GoSing]

Please tell us the name of the porn video you're beating off to.

[Rookiemove]

SLAP SLAP SLAP, and up we keep going!
$MMNFF

[GoSing]

And this is how industries mature. Only the strong will survive Buy the strong and make money.

[GoldRu$$H]

If I had to guess, MMNFF is readying for a fire sale before the white flag of surrender is hoisted. Current market trends in the industry will not be kind to many unprofitable MSO's and 2023 will see a great many close shop. Many of the failing MSO's will be broken into pieces and sold off for pennies on the dollar. There will be some good buying opportunities for the leanest and best run cannabis companies. Moving forward the industry will boil down to the best performers, those unprofitable will not be able to continue to borrow and cash burn.

[No BS1]

What’s happening?

[mrfence]

The company website under the investors tab has all the sec filings and earnings calls.
https://investors.medmen.com/home/default.aspx

They've recently released Q1 2023 as their fiscal year begins in the middle of the calendar year

[Splendid88]

Where does one go find out revenue for the past 3 quarters for medmen? And I would also likw to see earnings. Thanks

[RigorousGains]

I believe it was you. Wake me up when we have 100 million volume. And my condolences to your losses.

[GoSing]

Me. You're welcome.

[mrfence]

Who bought 17 million shares today on no news?

[RigorousGains]

Somebody get the lights on the way out.

https://www.otcmarkets.com/filing/html?id=16132515&guid=TAR-kaNWUVwRkih

[mrfence]

Good sector news with Newsome signing lots of California pro cannabis legislation Sunday... https://www.marijuanamoment.net/california-governor-signs-10-marijuana-bills-including-interstate-commerce-employment-protections-and-record-sealing/

[Rookiemove]

Crazy stock, 6 green days with price action going down, and 2 red days action going up.....feels like a load up..

[RigorousGains]

Your correct about them being once a upon a time at billion valuation which lasted what 1-2 days? On the meme stock/crypto/short squeeze rally of 2021. If that comes around than maybe we hit one billion valuation once again however we did decrease our operations by a lot and the future propescts here have diminished. Aren’t we trying to sell New York soon? That leaves us with cali n some small markets here and there. Florida no more. Holding a small bag here till I see a major rally shift in the whole sector which doesn’t seem like will happen this year based on Biden stating this morning he won’t do anything about mj by midterms.

https://www.marijuanamoment.net/biden-doesnt-plan-any-marijuana-moves-ahead-of-midterms-white-house-suggests/

[mrfence]

The valuation of MedMen's been well over a billion before and would be in the billions upon passage of Safe Banking and the SS chartered bylaws allow for unlimited Authorized Shares so there's no necessity for a Reserve Split. I don't see that happening until it makes sense to aggressively expand the Companies footprint after past deficits are left behind or passage of Safe Banking Act is finalized. Until then the company still has profitable revenues store by store and dilution's been tamed with the sale of Florida Stores which dissolved a huge chunk of debt. By the time the time is right to up list the Companies it's valuation will be in the billions and the stock in dollar land even from a penny should we ever be lucky enough to accumulate at that price. At that the right time I see a mild Reverse Split of 10 to 1 for up list purposes setting the price between $10 and $30 which would be a good investment as a rapidly expanding company in a disruptive sector listed on a major exchange. This is no sub penny stock with it's current revenue and enterprise value despite it's debt.

[RigorousGains]

There isn’t. Just my experience of 7 years in the industry has taught me once these pot stocks reach sub penny or close. They will use the uplisting excuse when it does and claim they are just preparing so when USA is ready to allow the uplisting because at 5 cents with 1.2 billion shares we will never see 1.0 with that float. So I’ll be waiting with a tiny position incase I’m wrong.

[mrfence]

There's no reason to up list now. Why when do you think they might?

[RigorousGains]

I shrunk my position here. Will load more once I can confirm major markets intentions. Possible -67% incoming more with possible reverse split n claims of up listing for midterm imo

[mrfence]

MedMen Completes Sale of Florida Assets
08/22/2022
Company considering strategic alternatives for New York’s adult-use market.

LOS ANGELES--(BUSINESS WIRE)-- MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF), a premier cannabis retailer with operations across the United States, today announced the close of a $67 million deal with Florida-based private company Green Sentry Holdings LLC (“Green Sentry”) for the Company’s Florida-based operations, including its license, dispensaries, inventory, and cultivation operations. The deal is comprised of $63 million in cash and approximately $4 million in liabilities to be assumed by Green Sentry. The deal also includes the license of MedMen’s trademarks in the state.

“We are pleased to announce the successful completion of this deal, particularly given the challenging economic environment we are operating in,” said Ed Record, MedMen’s CEO. “The sale of MedMen’s Florida assets marks an important step in the company’s restructuring efforts designed to provide greater financial flexibility and a stronger, leaner operating structure – and ultimately put us on a path to being EBITDA positive.”

Continued Record, “We also are making great strides in improving our relationships with our partners and vendors, as well as increasing our support of social equity initiatives – both are priorities as we reestablish MedMen’s company culture and brand.”

MedMen also announced it’s currently exploring strategic alternatives for New York, where the Company operates a cultivation facility and four dispensaries under the state’s existing medical program. MedMen's operational footprint is primed to benefit from the pending rollout of recreational sales in New York.

Added Record, “We are focused on maximizing our existing footprint, including our operations in New York. New York’s adult-use market will be game-changing for the entire industry, and we are considering all options to ensure strong shareholder return. This includes the potential sale of assets and/or licensing of the MedMen trademark.”

https://investors.medmen.com/press-releases/press-release-details/2022/MedMen-Completes-Sale-of-Florida-Assets/default.aspx

Terms of the agreement with Green Sentry are available in an 8-K filed on Aug. 22, 2022.
https://sec.report/CIK/0001776932
Published 8/26/22.
https://sec.report/Document/0001829126-22-016227/

[mrfence]

LOL! Ascend Wellness Ends MedMen New York Takeover Bid
TG Branfalt TG Branfalt
6 days ago


Ascend Wellness Holdings Inc. is calling off the deal to take over MedMen New York due to concerns about MedMen’s allegedly ‘deteriorating’ assets.

During an earnings call on Monday, Ascend Wellness Holdings Inc. said they were no longer moving forward with their planned takeover of MedMen New York. During the call, Ascend founder and CEO Abner Kurtin said the company was calling off the $88 million deal over concerns about MedMen’s assets, which he described as “deteriorated materially” since December 31.

“We have been engaged in negotiations with MedMen for 17 months and because of the state of MedMen’s assets, it is time for all of us to move on. Because we will not be moving forward with the MedMen transaction, we have $70 million of unencumbered cash at a time when cash is dear.” — Kurtin during the August 15 earnings call

Ascend had already paid $4 million to MedMen New York as a deposit toward the $74 million closing consideration at the time of the May settlement; Ascend was also to make a $14 million payment upon the first sale of adult-use cannabis in a MedMen New York dispensary, according to a Cannabis Business Times report.

The deal had been wrought with allegations from MedMen, including that New York Gov. Kathy Hochul’s (D) office used its influence to help Ascend purchase the company. Ascend countered that MedMen New York fabricated the narrative that claimed the firm “exerted undue influence on New York State government officials in order to obtain regulatory approval.” MedMen New York ultimately withdrew those allegations. Mylan Denerstein, a lawyer representing Ascend, told amNY in February that “when exposed to the slightest scrutiny” MedMen’s claims “collapsed” like “any house of cards.”

During the call, Kurtin added that New York was not a priority for the company due to the state’s “highly uncertain” regulatory environment, the “unknown timing of the commencement of adult-use sales, unclear licensing process, and the lack of policing of the illicit market.”
https://www.ganjapreneur.com/ascend-wellness-ends-medmen-new-york-takeover-bid/

[RigorousGains]

Loaded up some more high 5s. Massive consolidation happening at these prices. Usually medman tends to do phenomenal with all mso finally lifting. Imo glta

[WalktheWalk]

Sorry, that was old news. Don't now how to delete the post. Anybody know?

[WalktheWalk]

MedMen Now In The Mix: With this week's announcement of Tilray’s strategic investment in MedMen convertible notes and the importance of Proposal 1 in enabling Tilray to optimize the execution of that transaction, Tilray's CEO is urging stockholders to vote immediately in support of long-term value creation.

Tilray announced on Tuesday it had acquired the majority of the outstanding senior secured convertible notes of MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) in a transaction valued at $165.8 million.

"We urge stockholders who have not yet voted to participate in the success of their investment in Tilray by voting FOR all proposals on the agenda for the Special Meeting. By doing so, stockholders will be actively supporting Tilray’s ability to pursue and optimize growth opportunities, including our game-changing investment in MedMen convertible notes, expand and generate strong performance, increase stockholder rights and, ultimately, drive stockholder value," Irwin D. Simon, Tilray’s chairman and CEO said.

[RigorousGains]

Agree if .05 can’t hold up than count me out this play for now till it stabilizes again. If holds than .15 be a nice target for short time.

[Rookiemove]

Looks like we're getting ready to pop.
$MMNFF

[RigorousGains]

Loaded some shares here in the mid 5s worth the risk if the mj sector starting to pick up as a whole.

[Rookiemove]

These cheapies getting jumped on!
$MMNFF

[Rookiemove]

Same here. Heavy loading been going on for a bit. $MMNFF

[RigorousGains]

Loading some 6s while we here before 10s and above come around next week on legalization discussions with the senate board.

[Rookiemove]

$MMNFF BOOOM! BID .1067 ASK .12!! What's up!!

[Rookiemove]

$MMNFF Getting loading big time! 5 active MMs at .07-.10. Looks like were setting up for a big rip!!

[Rookiemove]

Looks like we might be heading back above .10
$MMNFF

[Rookiemove]

Crooked azz MMs holding it down, we're going to rip!!
$MMNFF

[GoSing]

There goes my $400.

[Thirdeyeblind]

Absolutely going to zero
Mathematically they can not survive. They will restructure, issue new shares to secured creditors and old shareholders will be wiped out.