More competition; have you guys heard of the MedMen company?
MedMen which employs 700 and was founded in 2010, has operations in California, Nevada and New York. MedMen will have dispensaries in Downtown Los Angeles, Beverly Hills and Venice, a 45,000 sq. ft. greenhouse cultivation and production facility in Reno, Nevada, a similar operation under construction in Desert Hot Springs, California, a Las Vegas dispensary, five management contracts for four MedMen branded dispensaries (West Hollywood, Santa Ana, LAX and Los Angeles ) and a cultivation facility in Los Angeles, and a cultivation and production facility with three (soon four) dispensaries in New York.
Building out its operations in its existing markets is the company’s main near-term priority, but MedMen is also targeting aggressive expansion into new markets, particularly Florida and other states with high barriers to entry in contrast to mature markets like Colorado or Washington. MedMen could be the largest publicly-traded cannabis operator in the world in terms of revenue
