MedMen Enterprises Inc (MMEN)

[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.