MedMen Enterprises Inc (MMEN)

[GoldRu$$H]

From CNN Business yesterday, 10/11/2019.

"To me, the structure of that transaction would be to ensure that Gotham Green has a significant seat at the table should there be a need for a distress restructuring," said Hershel Gerson, CEO of cannabis investment banking firm ELLO Capital. "I'm not convinced that [MedMen is] in the clear."

The announcement of the scuttled deal also included word that MedMen fired its chief financial officer -- continuing C-suite turmoil that has included executive departures and a lawsuit filed by a former CFO.

"The level of senior level turnover, in our view, has been more of a pattern rather than culling for future success and should continue to be monitored going forward," Cowen analyst Vivien Azer wrote in a research note Tuesday.

A MedMen spokesperson could not be reached for comment.

https://www.cnn.com/2019/10/10/business/medmen-pharmacann-blockbuster-cannabis-deal-falls-apart/index.html